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620 000 €

House in Nicosia, Cyprus, 240 m²
  • House in Nicosia, Cyprus, 240 m² - picture 1
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  • House in Nicosia, Cyprus, 240 m² - picture 1
  • Property ID on Prianproperty.com: 4019544
    Property ID on company's website: 79435
    Last update: 10.04.2025
    Number of views: 44

620 000 €

House in Nicosia, Cyprus, 240 m²

240 sq.m 6 3

  • Property ID on Prianproperty.com: 4019544
    Property ID on company's website: 79435
    Last update: 10.04.2025
    Number of views: 44

Specifications

Sale price 620 000 €
House Area 240 m²
Number of bedrooms 6
Number of bathrooms 3
Address Cyprus, Nicosia

Description

Listing Property in Strovolos Area! We are thrilled to present an incredible opportunity to own a listed property in the heart of Strovolos areas. Key Features Historic Charm: This beautiful listed property boasts a unique blend of traditional architecture and modern amenities. Prime Location: Nestled in a picturesque neighborhood, this property is perfectly situated. Investment Potential: Cyprus is a sought-after destination for investors worldwide. With its favorable tax incentives and growing real estate market, owning this property presents an excellent opportunity for both personal enjoyment and long-term financial gain. The property need full renovation. (Building Density 140%, coefficiency 70%) Listed properties also offer benefits in three distinct ways:
  1. Financial Rewards: These are direct sponsorships provided by the government to the property owner, covering the entire maintenance expenses of the listed building. However, these incentives are only applicable when the owner commits to the complete upkeep of the property, and partial maintenance does not qualify for financial incentives.
  2. Transfer of Building Factor: This incentive encompasses two aspects. Firstly, it involves utilizing unused development rights within the protected plot by selling the remaining building factor to interested parties. Secondly, it allows the owner to secure additional financial support for maintenance costs by selling a designated building factor. The transfer of building factor operates within the free market, without any involvement or mediation by the government.
  3. Tax Benefits: These incentives consist of tax exemptions and tax-free rental income that can be availed by the owner of a listed building, provided that the property has been maintained in accordance with the Conservation Principles. The owner can benefit from reduced tax burdens and enjoy tax-free income from renting out the preserved building.
Contact Us Today! Don't miss out on this chance to own a slice of paradise in the heart of Strovolos. Our experienced team is ready to guide you through every step of the process, ensuring a seamless and enjoyable buying experience.

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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.