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House, For Sale, Paphos, Pegeia
Pegeia, Cyprus
REF: 885147
€135,000
Description
Charming Two-Bedroom Heritage House in the Heart of Peyia Village. For the adventurous at heart who love a challenge, this two-bedroom heritage house, dating back to 1938, presents a unique restoration opportunity. Located in the picturesque village of Peyia, this property is perfect for short-term rentals due to its fantastic location. Property Features: Historic Charm: This house, initially built in 1938 and renovated in 1950, boasts a rich history and traditional stone construction that exudes character and charm. Renovation Opportunity: Ideal for handy individuals or those passionate about renovating, this property offers the chance to restore and customize a piece of local heritage. Prime Location: Situated close to all amenities, including traditional tavernas, coffee shops, supermarkets, and a bus stop, everything you need is within walking distance. This prime property offers an excellent investment opportunity, featuring title deeds for a smooth and secure purchase. Located in a highly sought-after area, it boasts a high building factor, making it ideal for both residential and commercial development. The price is negotiable, with an emphasis on a quick transaction for serious cash buyers. Don't miss out on the chance to secure a valuable asset at a competitive price or an incredible opportunity to bring new life to a historic gem in one of Peyia's most desirable locations. Contact us today for more information and to schedule a viewing.
Charming Two-Bedroom Heritage House in the Heart of Peyia Village. For the adventurous at heart who love a challenge, this two-bedroom heritage house, dating back to 1938, presents a unique restoration opportunity. Located in the picturesque village of Peyia, this property is perfect for short-term rentals due to its fantastic location. Property Features: Historic Charm: This house, initially built in 1938 and renovated in 1950, boasts a rich history and traditional stone construction that exudes character and charm. Renovation Opportunity: Ideal for handy individuals or those passionate about renovating, this property offers the chance to restore and customize a piece of local heritage. Prime Location: Situated close to all amenities, including traditional tavernas, coffee shops, supermarkets, and a bus stop, everything you need is within walking distance. This prime property offers an excellent investment opportunity, featuring title deeds for a smooth and secure purchase. Located in a highly sought-after area, it boasts a high building factor, making it ideal for both residential and commercial development. The price is negotiable, with an emphasis on a quick transaction for serious cash buyers. Don't miss out on the chance to secure a valuable asset at a competitive price or an incredible opportunity to bring new life to a historic gem in one of Peyia's most desirable locations. Contact us today for more information and to schedule a viewing.
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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 €135,000 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 |
|---|---|---|---|
| €135,000 | £112,304 | £116,184 | £3,880 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £112,304 |
| Maximum cost in the last six months | £116,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,880 |
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £112,304 | £116,184 | £3,880 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £112,304 |
| Maximum cost in the last six months | £116,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,880 |
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 £3,880 more.
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