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230 000 €

House in Nicosia, Cyprus, 185 m²
  • House in Nicosia, Cyprus, 185 m² - picture 1
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  • House in Nicosia, Cyprus, 185 m² - picture 1
  • Property ID on Prianproperty.com: 4019498
    Property ID on company's website: 64386
    Last update: 10.04.2025
    Number of views: 48

230 000 €

House in Nicosia, Cyprus, 185 m²

185 sq.m

  • Property ID on Prianproperty.com: 4019498
    Property ID on company's website: 64386
    Last update: 10.04.2025
    Number of views: 48

Specifications

Sale price 230 000 €
House Area 185 m²
Address Cyprus, Nicosia

Description

This beautiful listed house is located in the heart of the Old City in Nicosia. This house is definitely worth seeing as it is uniquely situated in one of the finest neighborhoods of the old city and offers convenient and sufficient areas for living. The property requires full restoration and benefit for:
  • The submission of applications for the Sponsorship Plan for the conversion and creation of student dormitories and rooms in the framework of the Action Plan for the Revitalization within the walls of Nicosia.(Grand 75% by government plus 40% as a listed property)
  • Tax Incentives which are the tax exemptions and tax-free rental income that can be taken by the owner of a listed building that has maintained it according to the Conservation Principles.
  • Transfer of Building Factor which is on the one hand the utilization of development rights that are not used in the protected plot by selling a remaining building factor and on the other hand securing additional sponsorship in the maintenance cost by selling a given building factor. This incentive operates in the free market without state mediation.
  • Financial Incentives which is the direct sponsorship given by the State to the new owner for the complete maintenance of the listed building. No incentives are provided for partial building maintenance.

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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.