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House Detached in Kapsalos, Limassol
5688, Cyprus
REF: 973588
€950,000
Description
Reference ID: #SA36543Price details: 950,000Prime Dual-Residence Investment Opportunity in Kapsalos, Limassol Excellent Condition & Expansion PotentialExceptional opportunity to acquire a residential package of two spacious homes in the heart of Kapsalos, Limassol just minutes from Agias Fylaxeos and Makarios Avenue.This quiet yet central location offers superb access to the city center, all major roads, and essential services, making it ideal for families, developers, or investors seeking immediate value and long-term upside.The property sits on a 524 m plot in the Ka4 residential zone (120% building density, 3-floor allowance) and currently includes:House 1 (Ground Floor) was built on 1983 235 m covered areasIncludes 3 bedrooms, a separate maid s room in the semi basement, two living areas, large kitchen with dining space, en-suite shower, guest WC, fireplace, family bathroom, office area, front veranda, and large private garden.House 2 (Duplex Upper Floor) was built on 1996 205 m covered areas including verandasFeatures 3 bedrooms (one master with en-suite), large double living room, separate kitchen and dining area, guest WC, office, main bathroom, and a roof garden with BBQ area.Development Potential:The plot has approximately 189 m of remaining building density, allowing for a full third floor to be constructed ideal for creating one or two modern apartments or a luxury penthouse.This makes the property an ideal candidate for expansion, redevelopment, or rental portfolio growth.Key Features:A/C & central heating in all areasSeparate covered parking for each residenceFireplace, roof garden, office spacesDouble glazing, fitted wardrobes, utility roomSpacious internal areas and large outdoor spacesLocated in a high-demand residential zone with strong rental appeal
Reference ID: #SA36543Price details: 950,000Prime Dual-Residence Investment Opportunity in Kapsalos, Limassol Excellent Condition & Expansion PotentialExceptional opportunity to acquire a residential package of two spacious homes in the heart of Kapsalos, Limassol just minutes from Agias Fylaxeos and Makarios Avenue.This quiet yet central location offers superb access to the city center, all major roads, and essential services, making it ideal for families, developers, or investors seeking immediate value and long-term upside.The property sits on a 524 m plot in the Ka4 residential zone (120% building density, 3-floor allowance) and currently includes:House 1 (Ground Floor) was built on 1983 235 m covered areasIncludes 3 bedrooms, a separate maid s room in the semi basement, two living areas, large kitchen with dining space, en-suite shower, guest WC, fireplace, family bathroom, office area, front veranda, and large private garden.House 2 (Duplex Upper Floor) was built on 1996 205 m covered areas including verandasFeatures 3 bedrooms (one master with en-suite), large double living room, separate kitchen and dining area, guest WC, office, main bathroom, and a roof garden with BBQ area.Development Potential:The plot has approximately 189 m of remaining building density, allowing for a full third floor to be constructed ideal for creating one or two modern apartments or a luxury penthouse.This makes the property an ideal candidate for expansion, redevelopment, or rental portfolio growth.Key Features:A/C & central heating in all areasSeparate covered parking for each residenceFireplace, roof garden, office spacesDouble glazing, fitted wardrobes, utility roomSpacious internal areas and large outdoor spacesLocated in a high-demand residential zone with strong rental appeal
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Currency Exchange
5688, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £784,178 | £824,686 | £40,508 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £784,178 |
| Maximum cost in the last six months | £824,686 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,508 |
5688, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £784,178 | £824,686 | £40,508 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £784,178 |
| Maximum cost in the last six months | £824,686 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,508 |
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 £40,508 more.
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