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2 Bedroom Semi-detached house
Limassol Municipality, Limassol

€390,000  ($446,179)

FIRST CLASS HOMES

FIRST CLASS HOMES

Reg. No: 1256 | Lic. No: 258/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 $15,616

Average Bank Rate (€390,000)
1 USD = 0.8445 EUR
$461,796

Mid-market rate (€390,000)
1 USD = 0.8741 EUR
$446,179

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.

Key features

  • Listing ID: 8893134 (64041)
  • Bedrooms: 2
  • Bathrooms: 3
  • Total covered area: 87 sqm
  • Plot: 195 sqm
  • Resale built in 1950
  • none

Description

Listed Traditional Townhouse with Redevelopment Potential – Limassol Historic Centre.An exceptional opportunity to acquire a traditional listed townhouse in the very heart of Limassol’s historic centre, just 100m from Agia Triada Church and Heroes’ Square. This rare property offers significant restoration potential combined with strong redevelopment upside in one of the city’s most sought-after heritage areas.Property OverviewPlot size: 195 m²Planning zone: Πα8βBuilding density: 140%Total permitted building area: 273 m²Prime location in Limassol’s historic coreListed property with restoration incentivesApproved redevelopment scheme in progressStrong potential for capital appreciation and future flexibilityThe property consists of a listed traditional townhouse requiring full restoration, benefiting from attractive incentives available under Cyprus legislation for protected heritage buildings.Approved Development ConceptArchitectural plans have already been prepared for a mixed restoration and new-build scheme:Restoration of listed townhouse: 86.75 m²New build at rear: 71.00 m²Total proposed development: 157.75 m²The site retains approximately 115.5 m² of unused building density, offering further development flexibility or potential transfer of development rights, subject to approvals.Planning StatusArchitectural designs completed and submittedPlanning application in advanced stageApproval expected shortlyA rare chance to restore and redevelop a heritage asset in central Limassol, combining historic charm with modern development potential.

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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
€12,200 ($13,957)
If buying on joint names
€8,800 ($10,068)

Disclaimer - Property reference 8893134. 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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