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

€290,000  ($337,285)

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: 8374566 (altia2852)
  • Bedrooms: 3
  • Bathrooms: 3
  • Total covered area: 298 sqm
  • Verandas: 34 sqm
  • Plot: 548 sqm
  • Resale built in 1987
  • Bungalow
  • Study Room
  • Laundry room
  • Close to amenities
  • Walking distance to bus service
  • En suite bathroom
  • Plot Title Deed Available with a building permit
  • The Property Requires FULL RENOVATION

Description

This property features a ground-floor detached house with a garage, located in the Agia Paraskevi quarter of Lakatamia—one of Nicosia’s most established residential neighborhoods.

Property Highlights:
• Plot Area: 548 sq m.
• Internal Area: 230 sq.m.
• Helping area size: 22 sqm
• Covered Veranda: 46 sq m.
• Uncovered Veranda: 34 sq m.
• Road Frontage: 18 m
• Condition: Full Renovation Required

Internal Layout:
The residence comprises a spacious open-plan living and dining area, a separate kitchen, a laundry room, an office, a main bathroom, and three bedrooms (including a master bedroom with an en-suite bathroom).

Development Potential:
While the property requires full renovation, it offers significant potential. The site falls within Zone Κα5, allowing for a building coefficient of 100% and coverage of 50%. This permits the construction of a residential building of up to three floors (13.5 meters in height), representing an excellent opportunity for owner-occupiers or investors seeking long-term redevelopment.

The location combines quiet residential living with excellent accessibility, being approximately 100m southeast of Archbishop Makarios III Avenue, and about 600m northwest of the 6th Elementary School of Lakatamia, with easy access to shops, schools, services, and the main road network.

The property falls within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.

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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
€8,200 ($9,537)
If buying on joint names
€5,550 ($6,455)

Disclaimer - Property reference 8374566. 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.