2-bed apartment in Saint-Malo
2-bed apartment in Saint-Malo — image 22-bed apartment in Saint-Malo — image 32-bed apartment in Saint-Malo — image 42-bed apartment in Saint-Malo — image 5
Grade A+apartment

2-bed apartment in Saint-Malo

Saint-Malo · département 35 · Brittany

€150,000

Asking Price (EUR)

Indicative figures

Brittany: priced on its own curve (August 1.83, the most summer-peaked of the seven); AirROI's trailing twelve months were not measured against it.

5.8%

Net Yield (managed, after tax, all-in)

8.9%

Self-managed (after tax, all-in)

19.3%

Gross Yield (on all-in cost)

50%

Occupancy (modelled, annual)

Net yield is what a fully-managed non-resident owner keeps after French income tax at the non-resident minimum rates and social charges — here under the LMNP régime réel, on the net letting profit after depreciation of the building (75% of the price over 30 years) and the furniture (over 7 years), €4,893 a year, which cannot create a loss — divided by the all-in acquisition cost. It assumes the owner keeps LMNP réel accounts, and since loi n° 2025-127 art. 84 the depreciation deducted is added back to the taxable capital gain on resale, so it defers tax rather than removing it. Financing is not modelled. Confirm the regime with a French expert-comptable.

Projected Gross Revenue: €33,011/yr
Nightly Rate: €181implied by the gross revenue and the occupancy
Income tax (non-resident, régime réel on the net letting profit): €3,212/yr
Payback (managed, after tax): 17.1 years
Brixfox Score: 95.7 / 100
Comparable Airbnbs: 95
Data Confidence: 93%
Season curve: Brittany

True Investment Cost

Price + the droits de mutation, the notary’s regulated fees and disbursements, any agency fee charged on top, and furnishing.

€171,043

+14.0% over asking

Asking price€150,000
Droits de mutation — département (5.00%, département 35)€7,500
Droits de mutation — commune (1.2%)€1,800
State collection fee (frais d'assiette)€177.75
Notary emoluments (regulated scale, incl. 20% VAT)€1,915
Contribution de sécurité immobilière€150
Notary disbursements & formalities€1,500
Furnishing & short-let launch€8,000
All-in investment€171,043

Where the listing does not say who pays the agency, the fee is taken to be inside the advertised price and the droits de mutation are charged on the full price, the conservative case. Budget extra for diagnostics, a survey and a power of attorney if you will not sign in person.

Annual Operating Costs (fully managed)

The stored cost lines behind the net yield above.

Gross rental revenue€33,011
Conciergerie / rental management (incl. 20% VAT)−€8,041
Booking channel fees−€1,320
Cleaning & consumables (net of guest fee)−€1,651
Utilities (electricity, water, internet)−€2,000
Insurance (non-occupant owner, short let)−€350
Copropriété charges−€1,950
Maintenance reserve−€750
Taxe foncière−€801.1
TEOM (waste collection tax)−€208.12
Taxe d'habitation on a second home−€1,258
CFE (business property contribution)−€867.37
LMNP accounting & non-resident return−€600
Income tax (non-resident, régime réel on the net letting profit)−€3,212
Bedrooms: 2
Bathrooms: 1
Living area: 48.76 m²
Year Built: 1972
DPE (energy class): E
town

No registration stated

The listing states no registration number. That does not mean the property cannot be let: the rules are per commune.

The commune’s own rules: Saint-Malo: quotas by sector (intra-muros 12.5%, seafront 7.5%, 3%, 1% elsewhere); one personal 3-year authorisation per natural person.

Ask the mairie whether this commune requires a change-of-use authorisation and a registration number for a furnished tourist let, and whether either can be obtained for this property by a new owner. A number printed by the listing belongs to the current owner's declaration and does not transfer with the sale.

Energy rating (DPE): class E

The listing states energy class E. From 1 January 2034 every meublé de tourisme must be rated A to D (law 2024-1039 of 19 November 2024). A class E home would need renovation to be let to tourists after that date.

Description

iad France - Delphine Aussant vous propose: *BEL EMPLACEMENT A PARAME* pour ce T3 de 49m² au RDC surélevé d'une résidence verdoyante située à quelques mètres à pied du centre de PARAME et de la mer. Cet appartement se compose d'un séjour avec cuisine ouverte, de 2 chambres de part et autre de la pièce principale (pas de perte de place), d'une salle de bain et de WC séparés. Des travaux de rafraichissement sont à prévoir. La vente comprend également un STATIONNEMENT extérieur, une cave et un grenier. Chauffage et eau chaude collectifs mais individualisés inclus dans les charges (compteurs individuels). Fenêtres double vitrage en PVC. Exposition Est. Local vélos. SES ATOUTS: EMPLACEMENT, IDEAL INVESTISSEMENT LOCATIF, ANNEXES. La présente annonce est soumise à la vente Interactive. Prix de départ : 150.000€ La vente interactive est un mode de vente immobilière digitale reposant sur un principe d’enchères en ligne. Elle permet aux acquéreurs de déposer facilement, en ligne, leurs offres d'achat à l'intention du vendeur. Début des offres d'achat en ligne le 04 décembre 2026 à 12h Fin des offres d'achat en ligne le 15 décembre 2026 à 18h Le vendeur peut contresigner en ligne et à tout moment, toute offre d'achat dont le prix et les conditions lui conviennent. Il n'est contraint par aucune offre d'achat, quel que soit le montant de celle-ci. La presente annonce immobiliere vise 4 lots situés dans une copropriété de 100 lots au total et ne faisant l'objet d'aucune procédure en cours citée à l'article L. 721-1 du code de la construction et de l'habitation. Montant moyen mensuel de charges déclaré par le vendeur : 170€ par mois (soit 2040 € annuel). Honoraires d'agence à la charge du vendeur. La présentation d'une pièce d'identité en cours de validité sera demandée à la visite, conformément à l'article L.561-5 du Code monétaire et financier. Les informations sur les risques auxquels ce bien est exposé, y compris l'obligation légale de débroussaillement, sont disponibles sur le site Géorisques : http://www.georisques.gouv.fr. La présente annonce immobilière a été rédigée sous la responsabilité éditoriale de Mme Delphine Aussant mandataire indépendant en immobilier (sans détention de fonds), agent commercial de la SAS I@D France immatriculé au RSAC de SAINT MALO sous le numéro 828613141, titulaire de la carte de démarchage immobilier pour le compte de la société I@D France SAS.

Location

Approximate location — not the exact house

Saint-Malo, Brittany, France

Listed by IAD France / Delphine Aussant

Price
€150,000
Inquire
2-bedroom freehold apartment in Saint-Malo — photo 1 of 5
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2-bed apartment in Saint-Malo

Saint-Malo · Brittany · Ref BF-477343Source · IAD France / Delphine Aussant · listed 6 Nov 2026
Asking price
€150,000
Net yield
5.9%
Fully managed · Non-resident tax
Bedrooms
2
Bathrooms
1
Built area
48.76 m²
Condition
Partial renovation
(stated by the listing)
Brixfox Score 96 · A+Financial analysis ↓

No registration stated

The listing states no registration number. That does not mean the property cannot be let: the rules are per commune.

The commune’s own rules: Saint-Malo: quotas by sector (intra-muros 12.5%, seafront 7.5%, 3%, 1% elsewhere); one personal 3-year authorisation per natural person.

Ask the mairie whether this commune requires a change-of-use authorisation and a registration number for a furnished tourist let, and whether either can be obtained for this property by a new owner. A number printed by the listing belongs to the current owner's declaration and does not transfer with the sale.

Energy rating (DPE): class E

The listing states energy class E. From 1 January 2034 every meublé de tourisme must be rated A to D (law 2024-1039 of 19 November 2024). A class E home would need renovation to be let to tourists after that date.

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
5.9%
€10,002 net operating income /yr
Gross yield · all-in basis
19.3%
−13.4 pts in operating costs & local taxes
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Saint-Malo — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
€181
Expected booked rate (market-calibrated)
Expected occupancy
50%
Full-year estimate, market-calibrated
Projected annual revenue
€33,011
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Aug +83% · Low Jan -37%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.
Brittany: priced on its own curve (August 1.83, the most summer-peaked of the seven); AirROI's trailing twelve months were not measured against it.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
€
Acquisition costs· 8.7% of price, auto-calculated
€13,043
Droits de mutation (département)€7,500
Droits de mutation (commune)€1,800
State collection fee (frais d'assiette)€178
Notary emoluments (regulated scale, incl. VAT)€1,915
Contribution de sécurité immobilière€150
Notary disbursements & formalities€1,500
Renovation budget· guide range €24,380–€53,636 for this class; enter your own quote or use the midpoint
€
Furniture & STR launch
€
All-in investment
€171,043
+14.0% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
€33,011
Conciergerie / rental management (incl. 20% VAT)
−€8,041
Booking channel fees
−€1,320
Cleaning & consumables (net of guest fee)
−€1,651
Utilities (electricity, water, internet)
−€2,000
Insurance (non-occupant owner, short let)
−€350
Copropriété charges
−€1,950
Maintenance reserve
−€750
Taxe foncière
−€801
TEOM (waste collection tax)
−€208
Taxe d'habitation on a second home
−€1,258
CFE (business property contribution)
−€867
LMNP accounting & non-resident return
−€600
Income tax (non-resident, régime réel)
−€3,212
Net operating income
€10,002/yr
Net yield on all-in investment
5.9%

Income tax is the non-resident minimum rate (20% to €29,579, 30% above) plus social charges, under the LMNP régime réel on the net letting profit after depreciation of the building (75% of the price over 30 years) and the furniture (over 7 years), €4,893 a year here, which cannot create a loss. It assumes the owner keeps LMNP réel accounts, and since loi n° 2025-127 art. 84 the depreciation deducted is added back to the taxable capital gain on resale, so it defers tax rather than removing it. Social charges are 18.6% for an owner insured outside the EEA, Switzerland and the UK and 7.5% inside; the tax line names the rate this listing is priced at. Whether a second home may be let to tourists at all is the commune's decision: many require a change-of-use authorisation (changement d'usage) and a registration number, granted per owner and not transferred with the sale, so ask the mairie before buying. Financing is not modelled.

After works, guide range
4.5%–5.1% after works
partial renovation €500–1,100/m² × 49 m² · Saint-Gobain, 2025-2026 · card WRC-2026.10

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%2% · Brixfox model assumption8%
Yield + value growth
5.9%/yr
5.9% net yield + 0% value growth
Value growth figures are illustrative only. The marker is the yearly growth Brixfox's model assumes for this market, not measured local price history; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Saint-Malo · Brittany

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

96A+
LocationNot rated
Saint-Malo, Brittany — rated in the BrixfoxScore location pillar
Rental YieldStrong
5.9% net yield on all-in cost
OccupancyAverage
50% average occupancy
Nightly RateAverage
€181 per night
Visual AppealAverage
5/10 visual appeal
Size & SpaceWeak
49 m² interior
STR RegistrationAverage
No registration number stated · the commune regulates tourist lets — ask the mairie
Energy rating (DPE)Average
DPE E stated by the listing · must reach A to D by 1 January 2034 to be let to tourists
TenureGood
Full ownership (pleine propriété)
Strong net yield at 5.9% (fully managed, on all-in cost) — outperforms most apartments in this market
Occupancy at 50% — factor in seasonal gaps
ADR of €181 limits revenue ceiling — consider repositioning potential

Strong score for this market. A 5.9% net on all-in cost is above most French listings; check the stored costs and the seasonal pattern before relying on it.

Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-20 pts occupancy30%€4,4142.6%
-10 pts occupancy40%€7,3004.3%
Expected50%€10,0025.9%
+10 pts occupancy60%€12,7037.4%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

TenureFreeholdno lease decay · no amortisation
Payback17.1 yearsfrom net rent at the expected case
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Source · IAD France / Delphine Aussant

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

French yields are the figures Brixfox stores for each listing, and the Financial analysis P&L above reproduces them line by line. The rent is an estimate from the Airbnb listings Brixfox tracks nearby: their asking rates corrected to a booked rate and their occupancy read from their calendars, annualised on a seasonal curve. It is not this home’s own record, and a projection resting on few comparables or an area-level pin is marked indicative. The costs are the listing’s own lines: the conciergerie and the accounting (the self-managed view drops both), booking channels whoever manages, cleaning, utilities, insurance, copropriété charges, the taxe foncière, TEOM, the second-home taxe d’habitation, the CFE and a maintenance reserve, less the non-resident income tax and social charges (LMNP régime réel, after a depreciation allowance that cannot create a loss and is added back to the taxable gain on resale), on an all-in cost that includes the droits de mutation and the notary. The cost lines are the listing’s stored ones; the price and the growth assumption can be changed above. Market factors in France may impact actual yields.