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Apartment, For Sale, Nicosia, Kaimakli
Kaimakli, Cyprus
REF: 981336
€110,000
Description
Location €¢ This 3-bedroom apartment located in the Kaimakli, Nicosia Municipality. €¢ Enjoys a prominent position and is situated in a walking distance of the Bata roundabout and Archangelou Michael Avenue. €¢ The area benefits from excellent connectivity to the city center, making it ideal for residents seeking both convenience and accessibility. External Features €¢ The apartment is part of a mixed-use building constructed in 1975. €¢ Positioned on the third floor, it features three covered verandas that enhance outdoor living. €¢ The complex is set within a well-developed urban environment, surrounded by a wide range of amenities and services including schools, supermarkets, shops, and banks €” all within walking distance. Internal Characteristics €¢ Internally, the apartment consists of an open-plan living and dining area, a separate kitchen, a hallway, three comfortable bedrooms, and a shower room with a WC. €¢ The covered internal area measures 114 sq.m., complemented by 18 sq.m. of covered verandas, offering ample space for relaxation and daily living. Advantages - Special Features €¢ Additional features include a separate title deed, adding security and ease to the transaction process. €¢ The apartment is currently vacant, presenting an excellent opportunity for either private occupancy or investment purposes. €¢ Its prime location and generous layout make it ideal for rental with a strong potential return.
Location €¢ This 3-bedroom apartment located in the Kaimakli, Nicosia Municipality. €¢ Enjoys a prominent position and is situated in a walking distance of the Bata roundabout and Archangelou Michael Avenue. €¢ The area benefits from excellent connectivity to the city center, making it ideal for residents seeking both convenience and accessibility. External Features €¢ The apartment is part of a mixed-use building constructed in 1975. €¢ Positioned on the third floor, it features three covered verandas that enhance outdoor living. €¢ The complex is set within a well-developed urban environment, surrounded by a wide range of amenities and services including schools, supermarkets, shops, and banks €” all within walking distance. Internal Characteristics €¢ Internally, the apartment consists of an open-plan living and dining area, a separate kitchen, a hallway, three comfortable bedrooms, and a shower room with a WC. €¢ The covered internal area measures 114 sq.m., complemented by 18 sq.m. of covered verandas, offering ample space for relaxation and daily living. Advantages - Special Features €¢ Additional features include a separate title deed, adding security and ease to the transaction process. €¢ The apartment is currently vacant, presenting an excellent opportunity for either private occupancy or investment purposes. €¢ Its prime location and generous layout make it ideal for rental with a strong potential return.
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Currency Exchange
Kaimakli, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £90,629 | £95,490 | £4,861 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £90,629 |
| Maximum cost in the last six months | £95,490 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,861 |
Kaimakli, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £90,629 | £95,490 | £4,861 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £90,629 |
| Maximum cost in the last six months | £95,490 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,861 |
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 £4,861 more.
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