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P-0288 3 Bedroom Bungalow For Sale in Polemi
Polemi, Cyprus
REF: 839400
€289,500
Description
Beautiful three bedroom bungalow in a quiet part of Polemi village, Paphos with only a few properties nearby and village amenities in easy reach. Spacious accommodation comprising open plan living/dining room and modern fully fitted kitchen. The living room opens out to the veranda which surrounds the bungalow. To one side of the living room is the master bedroom, benefitting from a walk-in wardrobe and en-suite bathroom with separate shower. To the other side of the living room are two further bedrooms both with en-suite facilities, with the bedrooms leading out to the veranda. In addition, because the property is free flowing on one level this makes it suitable for wheelchair access. Set in a large 2,506m plot, the garden with mature trees boasts amazing views of the countryside and mountains plus there is driveway parking to the side of the bungalow. The property really needs to be viewed to fully appreciate all it has to offer in this peaceful location above the humidity line. It is an Ideal investment opportunity for buyers looking for a permanent residence or holiday home with rental potential. Polemi is a large traditional Cypriot village located 22km from Paphos and 20km from Polis. It is known as the Tulip village, due to its naturally occurring red tulips that flower in springtime and is home to the annual Tulip festival celebrated every year. There is also a large winery on the outskirts of the village, where you can tour and sample the traditional wines. There are three restaurants in the area along with two banks, two supermarkets, hairdressers, a police station and a doctor who visits every Friday morning.
Beautiful three bedroom bungalow in a quiet part of Polemi village, Paphos with only a few properties nearby and village amenities in easy reach. Spacious accommodation comprising open plan living/dining room and modern fully fitted kitchen. The living room opens out to the veranda which surrounds the bungalow. To one side of the living room is the master bedroom, benefitting from a walk-in wardrobe and en-suite bathroom with separate shower. To the other side of the living room are two further bedrooms both with en-suite facilities, with the bedrooms leading out to the veranda. In addition, because the property is free flowing on one level this makes it suitable for wheelchair access. Set in a large 2,506m plot, the garden with mature trees boasts amazing views of the countryside and mountains plus there is driveway parking to the side of the bungalow. The property really needs to be viewed to fully appreciate all it has to offer in this peaceful location above the humidity line. It is an Ideal investment opportunity for buyers looking for a permanent residence or holiday home with rental potential. Polemi is a large traditional Cypriot village located 22km from Paphos and 20km from Polis. It is known as the Tulip village, due to its naturally occurring red tulips that flower in springtime and is home to the annual Tulip festival celebrated every year. There is also a large winery on the outskirts of the village, where you can tour and sample the traditional wines. There are three restaurants in the area along with two banks, two supermarkets, hairdressers, a police station and a doctor who visits every Friday morning.
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Currency Exchange
Polemi, 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 €289,500 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 |
|---|---|---|---|
| €289,500 | £239,796 | £248,811 | £9,015 |
| Property Price € | €289,500 |
| Minimum cost in the last six months | £239,796 |
| Maximum cost in the last six months | £248,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,015 |
Polemi, 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 €289,500 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 |
|---|---|---|---|
| €289,500 | £239,796 | £248,811 | £9,015 |
| Property Price € | €289,500 |
| Minimum cost in the last six months | £239,796 |
| Maximum cost in the last six months | £248,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,015 |
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 £9,015 more.
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