Villa, 12 years old, erected in an approved 505 sq.m corner residential plot, located in Paphos city center area. Title deed for the house is issued.
The plot of land is covered by urban Ka5 zone with maximum coefficient of 1.00:1, 50:1 share in 3 floors with ceiling height 13.50/11.30 m and main use the residential.
There are two entrances to the House. One of which could be used for possible future construction of untilized building coefficient of approximately 120 sq.m to erect a 3rd storey.
Located near lots of services and yet in a quiet residential area.
House of contemporary architectural design, with comfortable functional spaces and very good quality of construction and finishing work. The interior covered area is 286 sq.m, plus 2 car garage and external storage room 54 sq.m.
The garage has electric remote control garage door and electric fence rail, which leads into the house through the kitchen directly. i.e. not to get wet when raining.
It features 4 bedrooms upstairs, two bathrooms with double basins lined with good quality ceramic. It features a sea view covered veranda that communicates with the 2 bedrooms and uncovered terrace for the master bedroom area of approximately 33 sq.m with South East orientation.
The master bedroom has a walk-in wardrobe and en suite bathroom. All bedrooms are featured with built-in closets up to the ceiling.
An additional built-in linen closet exists for general usage.
It features an indoor large storage room (between roof and tiles)
On the ground floor there is office room, a guest room which has its own independent entrance on the side of the residence an en suite shower, toilet, washbasin.
-Living room & dining room, living room communicates with the kitchen.
-Utility room for washing & drying machines etc.
-Big Covered terrace
Central under-floor heating system of 5 zones, two per floor and one for the hot water.
The plumbing of the home is of high quality elastic tubes (pipe in pipe) from a reputable engineering company.
The House has a structure cabling with cut-5 wire covering all rooms, as well as many electrical points.
The house is built with double walls of brick and in-between there is polystyrene for purposes of heat and sound insulation.
All the Windows & doors are double glazed etc.
Alarm system is installed with sensors of smoke in the kitchen and electronic eyes around the House to the garage and storeroom.
Based on all information above, the property consists a smart choice as a permanent residence with good prospects for an adequate return on investment!
* For Sale
* Property Type: House
* Property Subtype: Detached
* Property Label: Investment Property
* Location: Paphos, Pafos, Cyprus
* Internal Area: 286sqm
* Covered Verandas: 40sqm
* Uncovered Verandas: 50sqm
* Bedrooms: 5
* Bathrooms: 3
* No of WCs: 4
* Price: €750,000
* VAT: N/A
* Loan Installment: €2,079
If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €750,000
Own Contribution (25%): €187,500
Loan Amount (75%): €562,500
Interest rate: 2%
Years of repayment: 30 years
- 405,000 EUR
- Bedrooms: 4
- 159 m² / 1,711 ft²