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A basic bungalow that requires renovation. The accommodation comprises of 2 bedrooms, a kitchen and living room. The property can be renovated and extended as there is a large plot with plenty of building factor still remaining. Alternativley the house can be demolished and new plans drawn up. The value of this property is in the location. Its close to the Agia Fyla district which has become a desireable area to live as it offers peace and quiet without being too remote from the town centre which is within 5 minutes drive. Furthermore this road is a cul de sac which makes it ideal for families and those seekig a quiet location. Several new houses have been built recently in this particular road making the most of this location.
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.
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