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Studio Town house
Agios Andreas Nicosia, Nicosia

€220,000  ($254,529)

Mesitis Real Estate

Mesitis Real Estate

REGISTERED & LICENCED REAL ESTATE AGENT Α.Μ. 750, Α.Α. 402/Ε

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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 $8,909

Average Bank Rate (€220,000)
1 USD = 0.8351 EUR
$263,437

Mid-market rate (€220,000)
1 USD = 0.8643 EUR
$254,529

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: 8810531 (60938)
  • Plot: 156 sqm

Description

This listed property is an architectural treasure trove waiting to be uncovered. Behind its classic sandstone facade lies a traditional layout full of timeless character. The property features towering high ceilings, grand structural stone arches, and raw spaces that can be seamlessly transformed into expansive bedrooms and living areas.

Unlike isolated projects, this house is located on one of the old city's finest streets, where neighboring properties have already been beautifully and lovingly restored. This upscale immediate environment drastically minimizes investment risk and ensures that a completed restoration will command premium market value, whether utilized as a grand private residence, a boutique luxury rental, or an exclusive cultural space.

✨ Substantial Government Subsidies: Eligible for significant state restoration grants and financial preservation incentives.
✨ Unmatched Tax Benefits: Complete exemption from property transfer fees and 100% tax-free rental income post-restoration.

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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
€5,400 ($6,248)
If buying on joint names
€3,800 ($4,396)

Disclaimer - Property reference 8810531. 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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