Villa in Geroskipou, Cyprus, 147 m²

Calculation of profitability, when buying a 147 m2 townhouse, Gardens complex!

Prestigious area of Geroskipou, Southern Cyprus.
Tourist resort
The most beautiful sea sunsets in the EU
The distance to the center of Paphos is 2 minutes by car.
5 minutes to the sea.
The distance to the airport is 15 minutes by car.
The distance to the golf club is 7 minutes.
Educational institutions are 5 minutes away.
Healthcare facilities - 3 minutes.
The American University of Beirut (AUB) and the Cyprus University of Technology will be located nearby!

Ideal for both investment and comfortable family living!!-

Technical specifications TX 147 m2
The total covered area of the townhouse is 147 m2.
Living room -12.35 m2, kitchen - 8.11 m2, dining room - 9.15 m2.
First bedroom - 10.55 m2,
The second bedroom is 10.21 m2.
The third bedroom is 11.31 m2.
Three bathrooms, a full bath.
Covered veranda on the 1st floor - 8,14 m2.
Open veranda on the 1st floor - 23.7 m2.
Open veranda on the 2nd floor - 4.5 m2.
Garden.

The facility is ready - the complex has been built.
Townhouses are sold with turnkey renovation without furniture, the price includes:
bathroom with plumbing and all accessories;
built-in kitchen (without appliances) and cupboards;
finishing, tiles on the floor, walls are painted.

The price of a townhouse of 148 m2 is 500,000 €
The share price from VRC is 495 000 €

The region is in demand, the value of real estate is growing by an average of 10% per year.
The demand for ready-made real estate in Cyprus is growing, taking into account the well-known situation in Russia, the projected increase in the value of real estate for 2023 will be at least 20%.

We assume that the price of a townhouse in this region is 500,000 €.
Taking into account the promotional offer, we buy for 495 000 €, the savings will be 5 000 € (500 000 - 495 000=5000 €)
The projected increase in real estate prices is 20% (500000x20%=100,000 €)
After 12 months, we sell the townhouse for 600,000 €
The associated costs will amount to about 8% (600 000x8/100=48 000 €) VAT, stamp duty, lawyer's services.
We rent a townhouse. (The average cost of renting a townhouse in this location is 3,500 € per month.) Multiply by 12 months and get 42,000 €
5000+100000+42000-48000 = 99 000 €.
In total, the amount of investments will be 543,000 €
(495 000 € the cost of the townhouse + 48 000 € (additional costs)
Net profit for the year will be 18.23% or 99,000€.
We buy a townhouse with 3 bedrooms, we get
99,000 € of net profit and we arrange permanent residence for the purchase of real estate.

WRITE TO ME - I WILL ANSWER ALL YOUR QUESTIONS AND SELECT THE PROPERTY THAT IS RIGHT FOR YOU!!!