Land, For Sale, Nicosia, Nicosia Center

Nicosia Center, Cyprus

For Sale

€140,000

REF: 991821 €140,000


Description

Location €¢ This residential plot is located in the vibrant and central area of Agios Konstantinos & Elenis Quarter, within Nicosia Municipality. €¢ It is situated in a walking distance of the Church of Agios Konstantinos & Eleni and the intersection between Larnakos Avenue and Digenis Akritas Avenue.

€¢ The property benefits from its strategic location, offering close proximity to a wide range of amenities including supermarkets, shops, schools, and other essential services. Furthermore, it enjoys excellent connectivity and easy access to the heart of Nicosia city. External Features €¢ The plot abuts onto a registered street offering a road frontage of approximately 16 meters.

€¢ It has a slightly sloping surface and an irregular shape, which adds flexibility to its potential development. €¢ On the plot, there is currently a semi-detached ground floor house, which holds no economic value and can be cleared to allow full utilization of the land. Plot Characteristics €¢ The property falls within the Residential Zone Κα3, which permits a building density of 140%, coverage of 50%, and a maximum of four floors.

€¢ These zoning allowances make the plot highly suitable for the construction of a multi-storey residential building, accommodating a wide range of modern housing needs. Advantages & Special Features €¢ This plot presents an excellent investment opportunity due to its central location, development potential, and favorable planning zone.

€¢ Its proximity to main avenues, everyday amenities, and the city center enhances its appeal both for developers and future residents. €¢ Whether for a new residential project or as a strategic long-term investment, this property is an attractive option in one of Nicosia€™s most established urban areas.

Location €¢ This residential plot is located in the vibrant and central area of Agios Konstantinos & Elenis Quarter, within Nicosia Municipality. €¢ It is situated in a walking distance of the Church of Agios Konstantinos & Eleni and the intersection between Larnakos Avenue and Digenis Akritas Avenue.

€¢ The property benefits from its strategic location, offering close proximity to a wide range of amenities including supermarkets, shops, schools, and other essential services. Furthermore, it enjoys excellent connectivity and easy access to the heart of Nicosia city. External Features €¢ The plot abuts onto a registered street offering a road frontage of approximately 16 meters.

€¢ It has a slightly sloping surface and an irregular shape, which adds flexibility to its potential development. €¢ On the plot, there is currently a semi-detached ground floor house, which holds no economic value and can be cleared to allow full utilization of the land. Plot Characteristics €¢ The property falls within the Residential Zone Κα3, which permits a building density of 140%, coverage of 50%, and a maximum of four floors.

€¢ These zoning allowances make the plot highly suitable for the construction of a multi-storey residential building, accommodating a wide range of modern housing needs. Advantages & Special Features €¢ This plot presents an excellent investment opportunity due to its central location, development potential, and favorable planning zone.

€¢ Its proximity to main avenues, everyday amenities, and the city center enhances its appeal both for developers and future residents. €¢ Whether for a new residential project or as a strategic long-term investment, this property is an attractive option in one of Nicosia€™s most established urban areas.
Location €¢ This residential plot is located in the vibrant and central area of Agios Konstantinos & Elenis Quarter, within Nicosia Municipality. €¢ It is situated in a walking distance of the Church of Agios Konstantinos & Eleni and the intersection between Larnakos Avenue and Digenis Akritas Avenue.

€¢ The property benefits from its strategic location, offering close proximity to a wide range of amenities including supermarkets, shops, schools, and other essential services. Furthermore, it enjoys excellent connectivity and easy access to the heart of Nicosia city. External Features €¢ The plot abuts onto a registered street offering a road frontage of approximately 16 meters.

€¢ It has a slightly sloping surface and an irregular shape, which adds flexibility to its potential development. €¢ On the plot, there is currently a semi-detached ground floor house, which holds no economic value and can be cleared to allow full utilization of the land. Plot Characteristics €¢ The property falls within the Residential Zone Κα3, which permits a building density of 140%, coverage of 50%, and a maximum of four floors.

€¢ These zoning allowances make the plot highly suitable for the construction of a multi-storey residential building, accommodating a wide range of modern housing needs. Advantages & Special Features €¢ This plot presents an excellent investment opportunity due to its central location, development potential, and favorable planning zone.

€¢ Its proximity to main avenues, everyday amenities, and the city center enhances its appeal both for developers and future residents. €¢ Whether for a new residential project or as a strategic long-term investment, this property is an attractive option in one of Nicosia€™s most established urban areas.

Location €¢ This residential plot is located in the vibrant and central area of Agios Konstantinos & Elenis Quarter, within Nicosia Municipality. €¢ It is situated in a walking distance of the Church of Agios Konstantinos & Eleni and the intersection between Larnakos Avenue and Digenis Akritas Avenue.

€¢ The property benefits from its strategic location, offering close proximity to a wide range of amenities including supermarkets, shops, schools, and other essential services. Furthermore, it enjoys excellent connectivity and easy access to the heart of Nicosia city. External Features €¢ The plot abuts onto a registered street offering a road frontage of approximately 16 meters.

€¢ It has a slightly sloping surface and an irregular shape, which adds flexibility to its potential development. €¢ On the plot, there is currently a semi-detached ground floor house, which holds no economic value and can be cleared to allow full utilization of the land. Plot Characteristics €¢ The property falls within the Residential Zone Κα3, which permits a building density of 140%, coverage of 50%, and a maximum of four floors.

€¢ These zoning allowances make the plot highly suitable for the construction of a multi-storey residential building, accommodating a wide range of modern housing needs. Advantages & Special Features €¢ This plot presents an excellent investment opportunity due to its central location, development potential, and favorable planning zone.

€¢ Its proximity to main avenues, everyday amenities, and the city center enhances its appeal both for developers and future residents. €¢ Whether for a new residential project or as a strategic long-term investment, this property is an attractive option in one of Nicosia€™s most established urban areas.
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Property on Map

#43820

Currency Exchange

Nicosia Center, 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 €140,000 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
€140,000 £115,563 £121,533 £5,970
Property Price € €140,000
Minimum cost in the last six months £115,563
Maximum cost in the last six months £121,533
Fluctuating exchange rates over the last six months could have increased the cost of this property by £5,970

Nicosia Center, 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 €140,000 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
€140,000 £115,563 £121,533 £5,970
Property Price € €140,000
Minimum cost in the last six months £115,563
Maximum cost in the last six months £121,533
Fluctuating exchange rates over the last six months could have increased the cost of this property by £5,970

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 £5,970 more.

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