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House, For Sale, Limassol, Potamos Germasogeias
Potamos Germasogeias, Cyprus
REF: 887204
€1,450,000
Description
Located just 250m from main roads and all essential amenities, this well-maintained detached house sits in the heart of Potamos Germasogeias, only 850m from the popular tourist beachfront. With a total of 500 sq.m. of living space, this property offers a unique blend of comfort, privacy, and convenience, making it ideal for family living or investment purposes. Ground Floor Currently rented, the 250 sq.m. ground floor was built in 1984 and has undergone multiple renovations. It features a large living room, 3 spacious bedrooms (one with an ensuite shower), an office, a guest toilet, and a family bathroom. The separate kitchen with a dining area leads to a double garage. At the back of the property, two additional studios, previously used as maid's quarters, offer extra flexibility for potential use. Upper Floor The 250 sq.m. upper floor, fully handicap accessible by a stair rail, boasts high ceilings and an open-plan living space. It includes 2 generously sized bedrooms, each with a walk-in wardrobe and ensuite (one with a bath, the other with a shower). A large 80 sq.m. uncovered veranda offers ample outdoor space, along with a smaller additional balcony. The attic has been transformed into a cozy office space. Surrounded by a landscaped garden and close to schools, shops, restaurants, and public transport, this property is a rare find in a prime location, offering excellent rental potential and versatility.
Located just 250m from main roads and all essential amenities, this well-maintained detached house sits in the heart of Potamos Germasogeias, only 850m from the popular tourist beachfront. With a total of 500 sq.m. of living space, this property offers a unique blend of comfort, privacy, and convenience, making it ideal for family living or investment purposes. Ground Floor Currently rented, the 250 sq.m. ground floor was built in 1984 and has undergone multiple renovations. It features a large living room, 3 spacious bedrooms (one with an ensuite shower), an office, a guest toilet, and a family bathroom. The separate kitchen with a dining area leads to a double garage. At the back of the property, two additional studios, previously used as maid's quarters, offer extra flexibility for potential use. Upper Floor The 250 sq.m. upper floor, fully handicap accessible by a stair rail, boasts high ceilings and an open-plan living space. It includes 2 generously sized bedrooms, each with a walk-in wardrobe and ensuite (one with a bath, the other with a shower). A large 80 sq.m. uncovered veranda offers ample outdoor space, along with a smaller additional balcony. The attic has been transformed into a cozy office space. Surrounded by a landscaped garden and close to schools, shops, restaurants, and public transport, this property is a rare find in a prime location, offering excellent rental potential and versatility.
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Currency Exchange
Potamos Germasogeias, 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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,201,050 | £1,246,203 | £45,153 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,201,050 |
| Maximum cost in the last six months | £1,246,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,153 |
Potamos Germasogeias, 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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,201,050 | £1,246,203 | £45,153 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,201,050 |
| Maximum cost in the last six months | £1,246,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,153 |
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 £45,153 more.
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