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P-0419 3 Bedroom Incomplete Bungalow for Sale in Armou
Armou, Cyprus
REF: 864650
€535,000
Description
Situated in the charming and tranquil village of Armou, Paphos, this partially completed three-bedroom bungalow rests on a generous plot and presents an ideal construction project. Offering exceptional views and just a stone's throw away from Minthis Hills Golf Club, the property is constructed with extra hardened concrete. It features an open-plan living, dining, and kitchen area, two bathrooms, and three well-sized bedrooms, with the master bedroom benefitting from ensuite facilities. The spacious interior seamlessly leads to an expansive exterior, perfect for alfresco dining, entertaining, and relaxing while enjoying the scenic country views and the Cyprus sun. There is also ample space to construct a large, tranquil swimming pool if desired. The lower ground floor provides extensive storage space that could be transformed into a wine cellar or a multi-purpose room, according to preference. Additionally, this property offers the opportunity to be customized and completed to any finish desired by prospective buyers. With title deeds available for the land only and building permits requiring renewal, this expansive plot, combined with the high-quality materials used and its proximity to the Paphos-to-Limassol highway, makes it a great investment for a long-term rental or a permanent residence. Armou is located 6km north of Paphos Town and due to its elevated position commands spectacular views over Paphos. This is a quiet, traditional village where modern life goes hand in hand with traditional Cypriot living. The village offers a few tavernas and kiosks nearby and is only a short drive from Minthis Hills golf course.
Situated in the charming and tranquil village of Armou, Paphos, this partially completed three-bedroom bungalow rests on a generous plot and presents an ideal construction project. Offering exceptional views and just a stone's throw away from Minthis Hills Golf Club, the property is constructed with extra hardened concrete. It features an open-plan living, dining, and kitchen area, two bathrooms, and three well-sized bedrooms, with the master bedroom benefitting from ensuite facilities. The spacious interior seamlessly leads to an expansive exterior, perfect for alfresco dining, entertaining, and relaxing while enjoying the scenic country views and the Cyprus sun. There is also ample space to construct a large, tranquil swimming pool if desired. The lower ground floor provides extensive storage space that could be transformed into a wine cellar or a multi-purpose room, according to preference. Additionally, this property offers the opportunity to be customized and completed to any finish desired by prospective buyers. With title deeds available for the land only and building permits requiring renewal, this expansive plot, combined with the high-quality materials used and its proximity to the Paphos-to-Limassol highway, makes it a great investment for a long-term rental or a permanent residence. Armou is located 6km north of Paphos Town and due to its elevated position commands spectacular views over Paphos. This is a quiet, traditional village where modern life goes hand in hand with traditional Cypriot living. The village offers a few tavernas and kiosks nearby and is only a short drive from Minthis Hills golf course.
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Currency Exchange
Armou, 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 €535,000 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 |
|---|---|---|---|
| €535,000 | £443,146 | £459,806 | £16,660 |
| Property Price € | €535,000 |
| Minimum cost in the last six months | £443,146 |
| Maximum cost in the last six months | £459,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,660 |
Armou, 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 €535,000 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 |
|---|---|---|---|
| €535,000 | £443,146 | £459,806 | £16,660 |
| Property Price € | €535,000 |
| Minimum cost in the last six months | £443,146 |
| Maximum cost in the last six months | £459,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,660 |
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 £16,660 more.
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