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275 000 €

House in Nicosia, Cyprus
  • House in Nicosia, Cyprus - picture 1
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  • House in Nicosia, Cyprus - picture 1
  • House in Nicosia, Cyprus - picture 2
  • House in Nicosia, Cyprus - picture 3
  • House in Nicosia, Cyprus - picture 4
  • Property ID on Prianproperty.com: 4012902
    Property ID on company's website: 90532
    Last update: 10.04.2025
    Number of views: 61

275 000 €

House in Nicosia, Cyprus


  • Property ID on Prianproperty.com: 4012902
    Property ID on company's website: 90532
    Last update: 10.04.2025
    Number of views: 61

Specifications

Sale price 275 000 €
Address Cyprus, Nicosia

Description

An Exquisite Un-Restored Listed Property with ready all the license to start renovation in Strovolos Presenting an exceptional opportunity to acquire an un-restored listed property in the esteemed locale of Strovolos This distinguished residence, situated on 326 sqm plot, offering unparalleled potential for an opulent family home. Key Property Attributes:
  • Remarkable Flexibility: The property, with a (Building Ratio) of 120% 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
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.

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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.