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1 Bedroom Bungalow
Kato Lakatamia, Nicosia
Offers in the region of

€175,000  ($203,187)

SOLD IN 32 DAYS
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 7779391 (altia2727)
  • Bedrooms: 1
  • Bathrooms: 1
  • Total covered area: 75 sqm
  • Plot: 496 sqm
  • Resale built in 1989
  • Plot Title Deed Registration number: 2/2296

Description

Situated in a quiet residential area of Agia Paraskevi, Lakatamia Municipality, Nicosia, this 496sq.m. residential plot offers excellent potential for new residential development.
With easy access to Archbishop Makariou C’ Avenue and key local amenities, it’s an ideal opportunity for investors, developers, or private buyers looking to build in a sought-after neighborhood.

Property Overview
The plot features a frontage of approximately 21 meters along Ariadnis Street and includes an existing detached ground-floor house (75sq.m. enclosed area).
The current structure is considered obsolete and does not represent the best and highest use of the land, making the property particularly attractive for redevelopment.

Planning & Zoning Details
• Planning Zone: Κα5
• Building Coefficient: 100%
• Coverage Coefficient: 50%
• Maximum Floors: 3
• Maximum Building Height: 13.5 meters
• Plot Size: 496sq.m.
• Frontage: Approx. 21 meters
These parameters allow for the development of a multi-storey residential building or spacious homes, depending on your project goals.

Prime Location
Conveniently positioned:
• Approx. 100 m from Archbishop Makariou C’ Avenue
• Approx. 170 m from Saint Paraskevi Church
• Approx. 900 m from Lyceum Agios Georgios

This central yet peaceful location offers easy access to schools, shops, and services while maintaining a calm suburban feel — ideal for family-oriented developments.

Pending issuance of Energy Performance Certificate.

The title deed in place corresponds to the plot.

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€3,600 ($4,180)
If buying on joint names
€2,675 ($3,106)

Disclaimer - Property reference 7779391. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.