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1 000 000 €

House in Nicosia, Cyprus, 330 m²
  • House in Nicosia, Cyprus, 330 m² - picture 1
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  • House in Nicosia, Cyprus, 330 m² - picture 1
  • Property ID on Prianproperty.com: 4012901
    Property ID on company's website: 90529
    Last update: 10.04.2025
    Number of views: 57

1 000 000 €

House in Nicosia, Cyprus, 330 m²

330 sq.m 4

  • Property ID on Prianproperty.com: 4012901
    Property ID on company's website: 90529
    Last update: 10.04.2025
    Number of views: 57

Specifications

Sale price 1 000 000 €
House Area 330 m²
Number of bedrooms 4
Address Cyprus, Nicosia

Description

Timeless Elegance in the Heart of Kaimakli: An Exquisite Un-Restored Listed Property Presenting an exceptional opportunity to acquire an un-restored listed property in the esteemed locale of Kaimakli. This distinguished residence, spanning an internal area of approximately 330 sqm, is situated on an expansive 885 sqm plot, offering unparalleled potential for an opulent family home. Key Property Attributes:
  • Remarkable Flexibility: The property, with a (Building Ratio) of 140% and (Coverage Ratio) of 70%, provides a canvas for sophisticated expansion, ensuring the creation of an exquisite, bespoke living space. The substantial plot allows for both considerable extensions and the coveted provision of off-street parking—an attribute of notable rarity within this historical district.
Distinct Advantages for Discerning Investors:
  • Government-Endorsed Financial Support: As a listed property, owners benefit from direct state-sponsored complete maintenance, fortifying the property's preservation and presenting a distinctive advantage over non-listed counterparts.
  • Strategic Building Factor Transfer: Capitalize on unused development rights by selling the remaining building factor. This not only generates additional income but also serves as a prudent strategy for offsetting maintenance costs, all within the confines of a free market.
  • Fiscal Prudence: Enjoy tax exemptions and tax-free rental income by meticulously adhering to Conservation Principles. This harmonious blend of financial benefits and cultural preservation renders this property a compelling proposition for the astute investor.
A Testament to Architectural Grandeur: Envisage ownership of a historic masterpiece, seamlessly integrating classical charm with contemporary comforts. This listed property stands as a symbol of architectural grandeur—a unique canvas for those in pursuit of a distinguished residence in Kaimakli. Seize the opportunity to transform this historic gem into your vision of a timeless haven. Embrace the synthesis of tradition and innovation, and make this iconic property the cornerstone of your real estate portfolio.

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Cost of accomodation in Nicosia

Cost of accomodation in Nicosia
Restaurants
Cappuccino (regular) 3.20 €
Coke/Pepsi (0.33 liter bottle) 1.34 €
Domestic Beer (0.5 liter draught) 4.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 €
Meal for 2 People, Mid-range Restaurant, Three-course 57.50 €
Meal, Inexpensive Restaurant 12.00 €
Water (0.33 liter bottle) 0.63 €
Imported Beer (0.33 liter bottle) 5.50 €
Markets
Apples (1kg) 2.66 €
Banana (1kg) 1.83 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 9.63 €
Bottle of Wine (Mid-Range) 7.00 €
Chicken Fillets (1kg) 8.12 €
Domestic Beer (0.5 liter bottle) 1.50 €
Eggs (regular) (12) 3.01 €
Lettuce (1 head) 0.41 €
Loaf of Fresh White Bread (500g) 1.81 €
Local Cheese (1kg) 10.71 €
Milk (regular), (1 liter) 1.47 €
Onion (1kg) 0.96 €
Oranges (1kg) 2.14 €
Cigarettes 20 Pack (Marlboro) 5.00 €
Potato (1kg) 1.09 €
Rice (white), (1kg) 2.34 €
Tomato (1kg) 2.52 €
Water (1.5 liter bottle) 0.85 €
Imported Beer (0.33 liter bottle) 2.65 €
Transportation
Gasoline (1 liter) 1.50 €
Monthly Pass (Regular Price) 40.00 €
One-way Ticket (Local Transport) 2.00 €
Taxi 1hour Waiting (Normal Tariff) 45.00 €
Taxi Start (Normal Tariff) 3.50 €
Taxi 1km (Normal Tariff) 1.00 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27 512.50 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23 000.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 641.14 €
Apartment (1 bedroom) Outside of Centre 545.95 €
Apartment (3 bedrooms) in City Centre 1 284.21 €
Apartment (3 bedrooms) Outside of Centre 1 012.11 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 20.62 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 185.95 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 30.08 €
Sports And Leisure
Cinema, International Release, 1 Seat 9.50 €
Fitness Club, Monthly Fee for 1 Adult 59.58 €
Tennis Court Rent (1 Hour on Weekend) 18.33 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 83.75 €
1 Pair of Men Leather Business Shoes 97.78 €
1 Pair of Nike Running Shoes (Mid-Range) 80.77 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.11 €
Childcare
International Primary School, Yearly for 1 Child 6 500.00 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 345.45 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 2 466.67 €
Price per Square Meter to Buy Apartment Outside of Centre 1 933.33 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 1 467.73 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.21 %

Data on the cost of living is provided by the service Numbeo.com. Prianproperty.com can not in any way guarantee the authenticity and correctness of the data.

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Data on the cost of living is provided by the service Numbeo.com. Prianproperty.com can not in any way guarantee the authenticity and correctness of the data.