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Two-storey house, in the community of Lagoudera, in the district of Nicosia, located approximately 90 meters southeast of the Community Council and approximately 150 meters south of the Lagoudera Cultural Center. The property abuts a registered road along its eastern border, with a frontage of approximately 7 meters. Two-storey house, in the community of Lagoudera, in the district of Nicosia, located approximately 90 meters southeast of the Community Council and approximately 150 meters south of the Lagoudera Cultural Center. The property abuts a registered road along its eastern border, with a frontage of approximately 7 meters. The building was constructed approximately in 1975. The ground floor house consists of an open plan area with one bedroom. The upper floor house consists of an open plan area of kitchen-sitting area, 3 bedrooms and 1 bathroom with toilet. Also, the house consists of a basement storage area with 1 bathroom. The area of the interior spaces of the ground floor amounts to 65 sq.m. (approx.), the covered verandas to 10 sq. m. (approx.) and the auxiliary space to 10 sq. m. (approx.). The area of the interior spaces of the upper floor amounts to 85 sq.m. (approx.), the covered verandas to 10 sq. m. (approx.) and the auxiliary space to 10 sq. m. (approx.). The house was built on a property of a total area of 114 sq.m. and it falls within the residential zone Η1 with a building factor of 120%. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).
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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