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D-3900-A 4 Bedroom Bungalow For Sale in Peyia
Pegeia, Cyprus
REF: 839518
€610,000
Description
Stunning four bedroom bungalow situated on the edge of Peyia village, Paphos in a quiet and tranquil location within easy reach of local amenities, just a short drive from the popular resort of Coral Bay. A small complex of just five properties is host to this exceptionally spacious property featuring an open plan living/dining room and fully fitted kitchen leading out to a partially covered veranda, perfect for alfresco dining and entertaining overlooking the garden. Two of the four bedrooms, one of which is ensuite and benefitting from fitted wardrobes, plus the family shower room completes this level. Stairs lead down to the lower level where two additional ensuite bedrooms, also with fitted wardrobes, can be found. The property is offered with many optional extras including a private pool, underfloor heating, barbeque and fireplace as well as covered parking and electric gates if desired. Ideal investment opportunity for discerning buyers seeking a unique property away from the hustle and bustle of the tourist areas either as a permanent residence or a fabulous holiday home with excellent rental potential. Peyia (also spelt Pegeia) is located 14km north of Paphos Town and sits on the steep slopes of the coastal hills inland from Coral Bay at the southern end of the Akamas Peninsula. This is home to many non-Cypriot residents and due to the size of this popular village, you will find most conveniences are catered for. As the largest village in Paphos bordering Kathikas, Akoursos, Kissonerga and the Akamas Peninsula there is plenty to do here including swimming at the renowned Blue Flag awarded Coral Bay Beach.
Stunning four bedroom bungalow situated on the edge of Peyia village, Paphos in a quiet and tranquil location within easy reach of local amenities, just a short drive from the popular resort of Coral Bay. A small complex of just five properties is host to this exceptionally spacious property featuring an open plan living/dining room and fully fitted kitchen leading out to a partially covered veranda, perfect for alfresco dining and entertaining overlooking the garden. Two of the four bedrooms, one of which is ensuite and benefitting from fitted wardrobes, plus the family shower room completes this level. Stairs lead down to the lower level where two additional ensuite bedrooms, also with fitted wardrobes, can be found. The property is offered with many optional extras including a private pool, underfloor heating, barbeque and fireplace as well as covered parking and electric gates if desired. Ideal investment opportunity for discerning buyers seeking a unique property away from the hustle and bustle of the tourist areas either as a permanent residence or a fabulous holiday home with excellent rental potential. Peyia (also spelt Pegeia) is located 14km north of Paphos Town and sits on the steep slopes of the coastal hills inland from Coral Bay at the southern end of the Akamas Peninsula. This is home to many non-Cypriot residents and due to the size of this popular village, you will find most conveniences are catered for. As the largest village in Paphos bordering Kathikas, Akoursos, Kissonerga and the Akamas Peninsula there is plenty to do here including swimming at the renowned Blue Flag awarded Coral Bay Beach.
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Currency Exchange
Pegeia, 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 €610,000 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 |
|---|---|---|---|
| €610,000 | £507,447 | £524,978 | £17,531 |
| Property Price € | €610,000 |
| Minimum cost in the last six months | £507,447 |
| Maximum cost in the last six months | £524,978 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,531 |
Pegeia, 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 €610,000 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 |
|---|---|---|---|
| €610,000 | £507,447 | £524,978 | £17,531 |
| Property Price € | €610,000 |
| Minimum cost in the last six months | £507,447 |
| Maximum cost in the last six months | £524,978 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,531 |
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 £17,531 more.
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