KW7-0012 - 2 Bedroom Apartment for Sale in Universal

Universal, Cyprus

For Sale

€350,000

REF: 936453 €350,000


2

1

Description

Nestled on the fourth floor of Building 10, Apartment 406 offers bright, airy living spaces designed for comfort and relaxation. The open-plan living and dining area flows seamlessly onto a spacious balcony, showcasing captivating sea views. This inviting property features two double bedrooms, a well-appointed family bathroom, and comes fully equipped with white goods, furniture, and air conditioning throughout, ensuring a hassle-free move-in experience.

Rental program is offered for this particular property with a 5% guaranteed income: * Guaranteed 5% return: You will receive 5% of the property s selling price as rental income, paid monthly regardless of occupancy levels. The minimum contract period is for 3 years. * Hassle-free management: We take care of everything, including marketing your property, guest services, and all the logistics involved.

* Full maintenance & repairs: Your property will be maintained in excellent condition, and any necessary repairs will be handled promptly. * Property returned in original condition: After the rental period, your property will be returned to you in its original state (except for normal wear and tear).

* Holiday home for personal use: You ll also have the flexibility to use your property as a holiday home for up to 4 weeks in the low season without affecting your rental income. Should you wish to use the property during higher-demand periods, a deduction will be made from your rental income accordingly.

Description of the Area Elysia Park in Paphos is a fantastic place to live and invest for several reasons: 1. Prime location in Paphos: Elysia Park is situated in a central yet peaceful area of Paphos, offering easy access to the city s main attractions, such as the harbor, historical sites and shopping centers.

It s located near schools, medical facilities, the airport, making it ideal for families and frequent travelers. 2. Luxury living with resort-style amenities: Elysia Park is a high end residential complex designed with comfort and luxury in mind. It features beautifully landscaped gardens, multiple swimming pools, a wellness spa.

The modern apartments and townhouses boast high-quality finishes, spacious interiors, and private balconies and terraces. 3. Strong investment potential: Paphos is Cyprus s most sought-after real estate markets, attracting both local and international buyers. The combination of the country s favorable tax policies, a strong rental market, and consistent tourism ensures solid returns on investment.

Properties in Elysia Park are in high demand for both short-term holiday rentals and long-term leasing. 4. Access to the Cyprus Permanent a Residency Program: buying property in Elysia Park can help non-EU investors qualify for Cyprus s Permanent Residency Program, making it an attractive option for those looking to gain residency in Europe.
Nestled on the fourth floor of Building 10, Apartment 406 offers bright, airy living spaces designed for comfort and relaxation. The open-plan living and dining area flows seamlessly onto a spacious balcony, showcasing captivating sea views. This inviting property features two double bedrooms, a well-appointed family bathroom, and comes fully equipped with white goods, furniture, and air conditioning throughout, ensuring a hassle-free move-in experience.

Rental program is offered for this particular property with a 5% guaranteed income: * Guaranteed 5% return: You will receive 5% of the property s selling price as rental income, paid monthly regardless of occupancy levels. The minimum contract period is for 3 years. * Hassle-free management: We take care of everything, including marketing your property, guest services, and all the logistics involved.

* Full maintenance & repairs: Your property will be maintained in excellent condition, and any necessary repairs will be handled promptly. * Property returned in original condition: After the rental period, your property will be returned to you in its original state (except for normal wear and tear).

* Holiday home for personal use: You ll also have the flexibility to use your property as a holiday home for up to 4 weeks in the low season without affecting your rental income. Should you wish to use the property during higher-demand periods, a deduction will be made from your rental income accordingly.

Description of the Area Elysia Park in Paphos is a fantastic place to live and invest for several reasons: 1. Prime location in Paphos: Elysia Park is situated in a central yet peaceful area of Paphos, offering easy access to the city s main attractions, such as the harbor, historical sites and shopping centers.

It s located near schools, medical facilities, the airport, making it ideal for families and frequent travelers. 2. Luxury living with resort-style amenities: Elysia Park is a high end residential complex designed with comfort and luxury in mind. It features beautifully landscaped gardens, multiple swimming pools, a wellness spa.

The modern apartments and townhouses boast high-quality finishes, spacious interiors, and private balconies and terraces. 3. Strong investment potential: Paphos is Cyprus s most sought-after real estate markets, attracting both local and international buyers. The combination of the country s favorable tax policies, a strong rental market, and consistent tourism ensures solid returns on investment.

Properties in Elysia Park are in high demand for both short-term holiday rentals and long-term leasing. 4. Access to the Cyprus Permanent a Residency Program: buying property in Elysia Park can help non-EU investors qualify for Cyprus s Permanent Residency Program, making it an attractive option for those looking to gain residency in Europe.
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Property on Map

#3517

Currency Exchange

Universal, 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 €350,000 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
€350,000 £288,365 £296,835 £8,470
Property Price € €350,000
Minimum cost in the last six months £288,365
Maximum cost in the last six months £296,835
Fluctuating exchange rates over the last six months could have increased the cost of this property by £8,470

Universal, 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 €350,000 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
€350,000 £288,365 £296,835 £8,470
Property Price € €350,000
Minimum cost in the last six months £288,365
Maximum cost in the last six months £296,835
Fluctuating exchange rates over the last six months could have increased the cost of this property by £8,470

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 £8,470 more.

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