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D-2818-C 3 Bedroom Townhouse For Sale in Geroskipou
Memnonos 6, Geroskipou, Cyprus
REF: 839463
€500,000
Description
An elegant three bedroom townhouse conveniently located in the popular area of Geroskipou, Paphos, within walking distance of many local amenities such as taverns, coffee shops and supermarkets. The ground floor of this delightful property is comprised of an open plan living/dining area, a partially separate kitchen and a well sized shower room. Interior and exterior blend seamlessly with the living area opening out to a spacious partially covered veranda that offers ample space for alfresco dining, entertaining and relaxing under the Mediterranean sun. The first floor hosts a stylish shared family bathroom and three generously sized bedrooms, with the master benefitting from an ensuite and access to a private veranda. Included with the property are private secure parking and a beautifully landscaped garden. This is an ideal investment opportunity as a family residence or holiday let with excellent rental potential. Geroskipou is a village to the east of Paphos and is the second largest municipality in the District. This village has a number of characteristics namely its remarkable five-domed Byzantine church of Agia Paraskevi, a folk museum and large traditional square. The area is also known for the production of Cypriot Delight or Lokum as it s known locally. There are plenty of shops, kiosks, restaurants and bars in this village as well as many areas of secluded coastline including the popular Ricco s beach and it is only a short drive from Paphos Town.
An elegant three bedroom townhouse conveniently located in the popular area of Geroskipou, Paphos, within walking distance of many local amenities such as taverns, coffee shops and supermarkets. The ground floor of this delightful property is comprised of an open plan living/dining area, a partially separate kitchen and a well sized shower room. Interior and exterior blend seamlessly with the living area opening out to a spacious partially covered veranda that offers ample space for alfresco dining, entertaining and relaxing under the Mediterranean sun. The first floor hosts a stylish shared family bathroom and three generously sized bedrooms, with the master benefitting from an ensuite and access to a private veranda. Included with the property are private secure parking and a beautifully landscaped garden. This is an ideal investment opportunity as a family residence or holiday let with excellent rental potential. Geroskipou is a village to the east of Paphos and is the second largest municipality in the District. This village has a number of characteristics namely its remarkable five-domed Byzantine church of Agia Paraskevi, a folk museum and large traditional square. The area is also known for the production of Cypriot Delight or Lokum as it s known locally. There are plenty of shops, kiosks, restaurants and bars in this village as well as many areas of secluded coastline including the popular Ricco s beach and it is only a short drive from Paphos Town.
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Currency Exchange
Memnonos 6, Geroskipou, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
Memnonos 6, Geroskipou, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
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