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House, For Sale, Larnaca, Drosia
Drosia, Cyprus
REF: 986377
€450,000
Description
This dual living family home combines convenience of location with ease of living allowing you the opportunity to live in the upper or lower and reap the benefits of rental income, there is 2 completely separate entrances, Upper House, consists of open plan Living/dining/kitchen that flows out to a nice balcony. 3 generous sized bedrooms, the master boasts an en-suite bathroom the additional bedrooms share a well-appointed bathroom, all bedrooms have fitted wardrobes. There is an additional siting room/family room or could be used as another bedroom. The lower house, consists of 3 bedrooms, a closed kitchen and large lounge/dining room. Please note the upper house was renovated a few years ago, the lower house was not renovated, but it is in good condition. In Adition there is a spacious Attic with a large balcony off it. It is possible to join the 2 houses together to make a large family home. Located in the very sought area of Drosia, a short walk to many amenities and the main Faneromeni street is a 5minute walk. Larnaca town and Finikouldies is a 20-minute walk, Larnaca International Airport is a 10-minute drive. Viewings by appointment
This dual living family home combines convenience of location with ease of living allowing you the opportunity to live in the upper or lower and reap the benefits of rental income, there is 2 completely separate entrances, Upper House, consists of open plan Living/dining/kitchen that flows out to a nice balcony. 3 generous sized bedrooms, the master boasts an en-suite bathroom the additional bedrooms share a well-appointed bathroom, all bedrooms have fitted wardrobes. There is an additional siting room/family room or could be used as another bedroom. The lower house, consists of 3 bedrooms, a closed kitchen and large lounge/dining room. Please note the upper house was renovated a few years ago, the lower house was not renovated, but it is in good condition. In Adition there is a spacious Attic with a large balcony off it. It is possible to join the 2 houses together to make a large family home. Located in the very sought area of Drosia, a short walk to many amenities and the main Faneromeni street is a 5minute walk. Larnaca town and Finikouldies is a 20-minute walk, Larnaca International Airport is a 10-minute drive. Viewings by appointment
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Currency Exchange
Drosia, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £371,453 | £390,641 | £19,188 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £371,453 |
| Maximum cost in the last six months | £390,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,188 |
Drosia, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £371,453 | £390,641 | £19,188 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £371,453 |
| Maximum cost in the last six months | £390,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,188 |
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 £19,188 more.
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