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House, For Sale, Nicosia, Psimolofou
Psimolofou, Cyprus
REF: 978648
€180,000
Description
Location €¢ This incomplete two-storey, three-bedroom semi-detached house is situated in a quiet and picturesque area within the community of Psimolofou, Nicosia District. €¢ It lies in a walking distance of the village center and about 750 meters northwest of the PsimolofouDeftera road connection. €¢ The location provides easy access to a variety of essential amenities, including schools, supermarkets, banks, and retail shops, making it ideal for families and individuals seeking both convenience and tranquility. External Features €¢ The residence is positioned on the southern part of the plot, corresponding to 1/2 share of the total land, which measures approximately 214 sq.m. €¢ The property boasts both covered and uncovered verandas, offering approximately 13 sq.m. and 46 sq.m. respectively, ideal for outdoor living and entertainment. €¢ Despite being incomplete, the structure offers significant potential for customization and enhancement of its exterior spaces. Internal Characteristics €¢ The ground floor features a spacious open-plan layout that includes a kitchen and dining area, as well as a separate kitchenette. €¢ There is also a combined living and dining room space, a guest toilet, and access to the verandas. €¢ On the upper floor, the layout comprises three bedrooms, including a master bedroom with a private shower, toilet, and walk-in closet. A shared bathroom serves the remaining bedrooms. €¢ The house also benefits from a generously sized attic of approximately 42 sq.m., providing additional space for storage or conversion. Advantages & Special Features €¢ With a total internal area of approximately 190 sq.m., this property presents a substantial opportunity for a family home. €¢ Construction began around 2011 and the property remains incomplete, offering buyers the unique advantage of personalizing the finishing touches to their own taste and needs€”ranging from electrical installations and carpentry to painting and final fittings. €¢ This property is a promising investment in a peaceful and accessible area of Nicosi
Location €¢ This incomplete two-storey, three-bedroom semi-detached house is situated in a quiet and picturesque area within the community of Psimolofou, Nicosia District. €¢ It lies in a walking distance of the village center and about 750 meters northwest of the PsimolofouDeftera road connection. €¢ The location provides easy access to a variety of essential amenities, including schools, supermarkets, banks, and retail shops, making it ideal for families and individuals seeking both convenience and tranquility. External Features €¢ The residence is positioned on the southern part of the plot, corresponding to 1/2 share of the total land, which measures approximately 214 sq.m. €¢ The property boasts both covered and uncovered verandas, offering approximately 13 sq.m. and 46 sq.m. respectively, ideal for outdoor living and entertainment. €¢ Despite being incomplete, the structure offers significant potential for customization and enhancement of its exterior spaces. Internal Characteristics €¢ The ground floor features a spacious open-plan layout that includes a kitchen and dining area, as well as a separate kitchenette. €¢ There is also a combined living and dining room space, a guest toilet, and access to the verandas. €¢ On the upper floor, the layout comprises three bedrooms, including a master bedroom with a private shower, toilet, and walk-in closet. A shared bathroom serves the remaining bedrooms. €¢ The house also benefits from a generously sized attic of approximately 42 sq.m., providing additional space for storage or conversion. Advantages & Special Features €¢ With a total internal area of approximately 190 sq.m., this property presents a substantial opportunity for a family home. €¢ Construction began around 2011 and the property remains incomplete, offering buyers the unique advantage of personalizing the finishing touches to their own taste and needs€”ranging from electrical installations and carpentry to painting and final fittings. €¢ This property is a promising investment in a peaceful and accessible area of Nicosi
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Currency Exchange
Psimolofou, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,581 | £156,256 | £7,675 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,581 |
| Maximum cost in the last six months | £156,256 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,675 |
Psimolofou, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,581 | £156,256 | £7,675 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,581 |
| Maximum cost in the last six months | £156,256 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,675 |
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 £7,675 more.
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