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Nestled in the peaceful Melanos area of Chloraka, this exclusive new residential project offers the perfect blend of comfort, style, and practicality
Chloraka, Paphos, Cyprus
REF: 961168
€195,000
Description
Nestled in the peaceful Melanos area of Chloraka, this exclusive new residential project offers the perfect blend of comfort, style, and practicality. Designed for those seeking a serene permanent residence, the development features just seven thoughtfully crafted apartments, ensuring privacy and a true sense of community. Set within a quiet, residential neighborhood, the complex enjoys a prime position just minutes from central Paphos, yet retains a calm and private atmosphere. Residents will benefit from proximity to schools, supermarkets, pharmacies, and local shops, as well as easy access to public transport routes. The stunning Mediterranean coastline is also just a short drive away, offering seaside walks, beach days, and sunset views. Spread across four levels (including covered parking), the building includes: 2 x one-bedroom apartments 4 x two-bedroom apartments 1 x luxurious three-bedroom penthouse The upper two floors boast beautiful sea views, while all units offer covered verandas with the penthouse enjoying an extra spacious private terrace ideal for entertaining or relaxing in style. Highlights & Features Water underfloor heating Concealed air-conditioning units Photovoltaic system Italian kitchens, wardrobes, bathroom vanities, tiles, mixers & sanitary fittings Water softener system (2 & 3-bedroom units) Private covered parking Individual storage rooms (for 2 & 3-bedroom units) Secure, gated premises with camera intercom system Lift Low communal expenses no swimming pool, making it ideal for year-round living Chloraka is located 3 km north of Paphos Town and borders the tourist area known as the Tomb of the Kings. It is also home to Akritas Chloraka, a Cypriot Second Division football team. There are many hotels, restaurants and bars in this village which runs along the coast road from Paphos Town to Coral Bay. Chloraka s location was put on the map in March 1998 when the cargo shop Demetrios II ran aground in heavy seas, the vessel is easily visible and has now become quite a focal point.
Nestled in the peaceful Melanos area of Chloraka, this exclusive new residential project offers the perfect blend of comfort, style, and practicality. Designed for those seeking a serene permanent residence, the development features just seven thoughtfully crafted apartments, ensuring privacy and a true sense of community. Set within a quiet, residential neighborhood, the complex enjoys a prime position just minutes from central Paphos, yet retains a calm and private atmosphere. Residents will benefit from proximity to schools, supermarkets, pharmacies, and local shops, as well as easy access to public transport routes. The stunning Mediterranean coastline is also just a short drive away, offering seaside walks, beach days, and sunset views. Spread across four levels (including covered parking), the building includes: 2 x one-bedroom apartments 4 x two-bedroom apartments 1 x luxurious three-bedroom penthouse The upper two floors boast beautiful sea views, while all units offer covered verandas with the penthouse enjoying an extra spacious private terrace ideal for entertaining or relaxing in style. Highlights & Features Water underfloor heating Concealed air-conditioning units Photovoltaic system Italian kitchens, wardrobes, bathroom vanities, tiles, mixers & sanitary fittings Water softener system (2 & 3-bedroom units) Private covered parking Individual storage rooms (for 2 & 3-bedroom units) Secure, gated premises with camera intercom system Lift Low communal expenses no swimming pool, making it ideal for year-round living Chloraka is located 3 km north of Paphos Town and borders the tourist area known as the Tomb of the Kings. It is also home to Akritas Chloraka, a Cypriot Second Division football team. There are many hotels, restaurants and bars in this village which runs along the coast road from Paphos Town to Coral Bay. Chloraka s location was put on the map in March 1998 when the cargo shop Demetrios II ran aground in heavy seas, the vessel is easily visible and has now become quite a focal point.
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Currency Exchange
Chloraka, Paphos, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £169,278 | £8,617 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £169,278 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,617 |
Chloraka, Paphos, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £169,278 | £8,617 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £169,278 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,617 |
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 £8,617 more.
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