Bungalow for Sale in Paphos

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€550,000 EUR

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Ref 2106930 | Paphos, Paphos | 3 Bedroom Bungalow

Currency services provided by International Currency Exchange (IFX) 550,000 EUR  |  Approx.£473,605 GBP  |  Approx. US$588,610 USD
  • Type: Bungalow
  • Location: Paphos
  • Province: Paphos
  • Country: Cyprus
  • Bedrooms: 3
  • Bathrooms: 3



Plot size 3,125 m2




Covered area 185 m2




Tittle deeds




Building coefficient zone 6%




Plot perimeter 237 m




3 bedrooms (master with en suite)




Family bathroom & guest cloakroom




Open plan kitchen / diner / lounge area




Three sources of water: potable water, water supply for irrigation from the agricultural department and also own bore hole with capacity of providing 3 tons (3 m3) an hour




CYTA line available




Tiled 10 m x 5 m private swimming pool




Central heating provision




Air conditioning







Notes:


The property is situated in the highly demanded area of Sea Caves and just 150 m from the sea. The property was strategically built on one half of the plot allowing potential future development on the other half.


The current building co efficiency of the plot is 6%. There have been residential zoning changes, less than 200 m away where the building co efficiency was increased from 6% to 15%.


The property would also provide a very good investment return if it were to be marketed as a tourist villa providing an average income of around GBP £1,000 to £1,300 a week.


The property is in need of renovation hence the heavily discounted sale price.


Similar size properties / plot size in the area are currently marketed in excess of a million euro.


It is currently rented as a long term rental with tenants already in agreement with landlord to vacate the property if sold.


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