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Apartment, For Sale, Nicosia, Strovolos
Strovolos, Cyprus
REF: 766150
€250,000
Description
Location €¢ This ground, whole floor apartment is in Strovolos close to all amenities. €¢ Within walking distance, one can find supermarket, private and public schools, private hospitals, banks, many shops and other services. €¢ Strovolos is one of the best residential areas with easy access to the Nicosia city center and the Nicosia - Limassol highway. External Features €¢ This whole floor apartment located on the ground floor in a two-storey building that built up on 1991 and its external looks are nice and in good condition. €¢ Externally the apartment has covered and uncovered verandas, and the exclusive right of use specific part of the total yard. Internal Characteristics €¢ The apartment consists of a sitting/dining area, a secondary sitting/kitchen/dining area, four bedrooms, of which the one is en-suite the main full bathroom and a guest toilet. Advantages - Special Features €¢ Large ground whole floor apartment on two floors building in a high demanded area close to all amenities with easy access to the city center and the high way to the other cities. €¢ The apartment is currently rented and used as an office by a governmental authority with a rental yield of 5.4% until 30/09/2027. €¢ The property falls within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
Location €¢ This ground, whole floor apartment is in Strovolos close to all amenities. €¢ Within walking distance, one can find supermarket, private and public schools, private hospitals, banks, many shops and other services. €¢ Strovolos is one of the best residential areas with easy access to the Nicosia city center and the Nicosia - Limassol highway. External Features €¢ This whole floor apartment located on the ground floor in a two-storey building that built up on 1991 and its external looks are nice and in good condition. €¢ Externally the apartment has covered and uncovered verandas, and the exclusive right of use specific part of the total yard. Internal Characteristics €¢ The apartment consists of a sitting/dining area, a secondary sitting/kitchen/dining area, four bedrooms, of which the one is en-suite the main full bathroom and a guest toilet. Advantages - Special Features €¢ Large ground whole floor apartment on two floors building in a high demanded area close to all amenities with easy access to the city center and the high way to the other cities. €¢ The apartment is currently rented and used as an office by a governmental authority with a rental yield of 5.4% until 30/09/2027. €¢ The property falls within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
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Currency Exchange
Strovolos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
Strovolos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 £8,888 more.
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