Frenaros, Famagusta - 185,000

Frenaros, Famagusta, Cyprus

For Sale

€185,000

REF: 543257 €185,000


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Description

Two Bedroom Protected Building For Sale in Frenaros with Title DeedsPRICE REDUCTION!! (was 265,000)Unique Protected Restoration OpportunityRequires complete restoration to make a two bedroom villa with out buildings set in the village of Frenaros, currently in disrepair but a great ... Two Bedroom Protected Building For Sale in Frenaros with Title DeedsPRICE REDUCTION!! (was 265,000)Unique Protected Restoration OpportunityRequires complete restoration to make a two bedroom villa with out buildings set in the village of Frenaros, currently in disrepair but a great opportunity to return the property to its historic beauty.

This historical protected building dated approx 1937 is set in a large plot with 8 outbuildings from the 19th century. This Neo Classical period is the only building of this area and stands alone on the corner of a street for all to see. This building has restoration laws based on the Neo Classical style and year of build, with its scale, simplicity of geometric forms and use of front columns and front balconies.Once the main building is renovated it would consist of:- 2 bedrooms- Open plan living, dinning and kitchen- Family bathroom- Internal approx.

137 m2- Veranda approx. 47 m2- 8 outbuildings approx. 140 m2- Plot size 666 m2- 5 minutes to local shops and amenities- 15 minutes to sea and beach- 45 minutes to Larnaca International Airport- 60 minutes to golf course- Suitable for Cyprus Permanent ResidencyFrenarosFrenaros is one of the traditional 'Kokkinochoria' meaning 'red soil' villages and offers the best in country living whilst also being within a short drive to the many beautiful beaches in the area.

The village has full amenities for everyday living including coffee shops, tavernas and a 24 hour bakery and is a popular choice for those looking for peace and quiet and for families looking for a safe, healthy environment for their children. There is also a public swimming centre with heated indoor facilities and a tennis club located in the village.------------* Title Deed* Restoration Law Protected Neo Classic Building* Built 1937* Suitable for Cyprus Permanent Residency* Eight Out Buildings* Resale* Energy Efficiency TBCFrenarosFrenarosCounty: FamagustaSale Type: For SaleRef #: EPCC1182
Two Bedroom Protected Building For Sale in Frenaros with Title DeedsPRICE REDUCTION!! (was 265,000)Unique Protected Restoration OpportunityRequires complete restoration to make a two bedroom villa with out buildings set in the village of Frenaros, currently in disrepair but a great ... Two Bedroom Protected Building For Sale in Frenaros with Title DeedsPRICE REDUCTION!! (was 265,000)Unique Protected Restoration OpportunityRequires complete restoration to make a two bedroom villa with out buildings set in the village of Frenaros, currently in disrepair but a great opportunity to return the property to its historic beauty.

This historical protected building dated approx 1937 is set in a large plot with 8 outbuildings from the 19th century. This Neo Classical period is the only building of this area and stands alone on the corner of a street for all to see. This building has restoration laws based on the Neo Classical style and year of build, with its scale, simplicity of geometric forms and use of front columns and front balconies.Once the main building is renovated it would consist of:- 2 bedrooms- Open plan living, dinning and kitchen- Family bathroom- Internal approx.

137 m2- Veranda approx. 47 m2- 8 outbuildings approx. 140 m2- Plot size 666 m2- 5 minutes to local shops and amenities- 15 minutes to sea and beach- 45 minutes to Larnaca International Airport- 60 minutes to golf course- Suitable for Cyprus Permanent ResidencyFrenarosFrenaros is one of the traditional 'Kokkinochoria' meaning 'red soil' villages and offers the best in country living whilst also being within a short drive to the many beautiful beaches in the area.

The village has full amenities for everyday living including coffee shops, tavernas and a 24 hour bakery and is a popular choice for those looking for peace and quiet and for families looking for a safe, healthy environment for their children. There is also a public swimming centre with heated indoor facilities and a tennis club located in the village.------------* Title Deed* Restoration Law Protected Neo Classic Building* Built 1937* Suitable for Cyprus Permanent Residency* Eight Out Buildings* Resale* Energy Efficiency TBCFrenarosFrenarosCounty: FamagustaSale Type: For SaleRef #: EPCC1182
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Property on Map

#18870-EPCC1182

Currency Exchange

Frenaros, Famagusta, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €185,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€185,000 £157,378 £162,160 £4,782
Property Price € €185,000
Minimum cost in the last six months £157,378
Maximum cost in the last six months £162,160
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,782

Frenaros, Famagusta, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €185,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€185,000 £157,378 £162,160 £4,782
Property Price € €185,000
Minimum cost in the last six months £157,378
Maximum cost in the last six months £162,160
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,782

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £4,782 more.

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