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1,163 SQM Residential Plot
Paralimni, Famagusta

€205,000  ($233,990)

PROPERTY CHOICE

PROPERTY CHOICE

Licensed Estate Agent Reg No: 1238, License 607/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $8,190

Average Bank Rate (€205,000)
1 USD = 0.8465 EUR
$242,180

Mid-market rate (€205,000)
1 USD = 0.8761 EUR
$233,990

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Residential (ΚΑ4)

Description: Zone With Predominant Use As Residential (Ζωνη Με Επικρατουσα Χρηση Την Κατοικια)

Coverage: 0.5

Density: 1.2

Height: 13.5 meters

Allowed stories: 3

Development description: Local Plan Of Paralimni, Ayia Napa, And Deryneia (Τοπικο Σχεδιο Παραλιμνιου. Αγιας Ναπας Και Δερυνειας)


Nearby planning zones

Commercial: 0.3 Km

Tourist: 2.61 Km

Industrial: 0.39 Km

Agricultural: 2.46 Km

Farm: 5.47 Km

Key features

  • Listing ID: 8925870 (3527)
  • Plot: 1163 sqm

Description

An excellent investment opportunity, this residential plot extends to 1,163 sqm and is ideally located in the sought-after area of Paralimni, Famagusta. The property enjoys a regular rectangular shape, a level surface, and direct frontage onto a registered public road, offering easy access and facilitating future development.

The plot falls within the Residential Planning Zone Κα4, allowing for a building density of 120% and a coverage ratio of 50%, with permission for the construction of up to three floors and a maximum building height of 13.5 metres. These planning parameters make the property suitable for the development of detached houses, luxury villas, apartment buildings, or a residential complex, subject to the necessary planning approvals.

Situated in a peaceful residential neighbourhood, the property benefits from close proximity to schools, supermarkets, shops, healthcare facilities, and all essential amenities. It also offers convenient access to the beautiful beaches of the Famagusta district and the centre of Paralimni, making it an ideal choice for both developers and private buyers seeking a prime residential investment.

For privacy reasons, the advertiser has not indicated the exact address.
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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
€4,800 ($5,479)
If buying on joint names
€3,425 ($3,909)

Disclaimer - Property reference 8925870. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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