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•Massive potential •Potential for 6 bed villa •In need of modernization •Large plot •Large kitchen •Air conditioning •Beaches within 10 minutes
Currently being used as 2 maisonettes the property could continue along the same arrangement for an investor looking for rental income on 1 or both properties, or, it could be easily turned into a large 6 bedroom property. This great villa is located in the village of Otuken a very popular area just a 10 minutes’ drive from the center of Famagusta. The nearest sandy beach is a few minutes’ drive away and the village supermarkets, coffee shops and restaurants are located within walking distance. This marvelous villa must be viewed to be fully appreaciated, an extremely spacious villa with a open plan living area.
Reference HP 1908
The Property This large detached property has a total covered area of 275m², and is currently being used as 2 separate maisonettes.
Ground Floor Maisonette
Hallway 3.50m x 4.35m (11.4 ft x 14.2ft) Marble flooring through out
Lounge area 3.80m x 3.35 (12.4 ft x 10.9ft) A good sized room with 3 windows that look to the side and front of the property. Door leading through to kitchen.
Kitchen 6m x 3.80m (19.6 ft x 12.4 ft) This adequately sized room is fitted with an array of kitchen units with a counter. The window looks to the rear of the property.
Bedroom one 3.35m x 3.50m (10.9 ft x 11.4 ft) A very good sized bedroom with double glazing and fitted wardrobes.
Bedroom two 3.65m x 4.55m (11.9 ft x 14.9 ft) A very good sized bedroom with large double glazed windows giving lots of lighting to the bedroom and fitted wardrobes.
Bedroom three 3.40m x 4.80m (11.1 ft x 15.7 ft) A good sized room to the rear of the property with double aspect windows.
Family Bathroom 1.50 m x 3m (4.9 ft x 9.8 ft) Separate shower room, toilet and sink area.
1st Floor Maisonette
Access to the upper floor maisonette is currently in front of the property. Stairs lead up to and into the upper floor property
Kitchen and dining area 5m x 4.75m (16.4ft x 15.5ft) Extremely spacious dining area fully kitted with marble work tops and a very large marble table with 6 chairs, perfect for a big family. Fitted with cream cabinets with large windows providing lots of lighting. Also a door leading to a spacious balcony. This kitchen also has another room attached to it which you can use for storage.
Living room 11m x 5.90m (36ft x 19.3ft) A very large living room with a traditional fire place situated in the corner, 3 large windows and sliding doors leading to the front balcony.
Bedroom one 4m x 3.7m (13’1 ft x 12.1ft) Another large double bedroom with fitted wardrobes and an air conditioning unit. 1 large window and a ensuit.
Bedroom two 4.60 m x 5.40 m (15ft x 17.7ft) A further double bedroom including a walk in wardrobe, and a ensuit and fitted ac units. Also with 2 side window oozing in lots of light.
Bedroom three 4.80 m x 3.70 m (15.7ft x 12.1ft) Another double bedroom including fitted wardrobes, and a ensuit and fitted ac units. Also with 2 windows.
Family Bathroom 3.35 m x 1.75 m (10.9ft x 5.7ft) A well-proportioned bathroom fitted with a wash basin, WC, with a bath tub. Single window.
External The villa sits on a reasonably sized plot. The garden has been partly concreated and so is very easily maintained. There is a car parking area, and plenty of room for a swimming pool. Given the properties location in this elevated village, breezes are often uncommon.
Resale & Rental Potential. This large spacious property is strategically placed within walking distance to all the shops, restaurants, school and public transport stations. The nearest sandy beach is only a two minute drive, whilst the City centre of Famagusta can also be reached within 15 minutes. The property is in need of modernization, at which point for the 3 bedroom 1st floor maisonette, Long term rental expectations for this property are £300 per month, and for short term holiday lets, £500 weekly. The first floor 2 bedroom maisonette would, after modernization, yield £250 for long term rentals and around £400 for short term. Should an investor wish to completely modernize the whole building and turn it into a large 6 bedroom villa, together with a pool, then resale value is estimated over £200,000
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