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A two-storey, three-bedroom semi-detached house in the community of Psimolofou, in the Nicosia district. The property is located approximately 100 meters east of Machaira Avenue and approximately 550 meters southeast of the community’s historic center. A two-storey, three-bedroom semi-detached house in the community of Psimolofou, in the Nicosia district. The property is located approximately 100 meters east of Machaira Avenue and approximately 550 meters southeast of the community’s historic center. Within the property there is a two-story house, which was built around 1998. The ground floor consists of a living/dining room as an open-plan area, a kitchen with a dining area/living area as an open-plan area, a guest toilet, a playroom, and verandas. The first floor consists of three bedrooms, the master bedroom with an en-suite shower/toilet and a bathtub with toilet. Externally, the house has a covered parking area. The internal area is approximately 181 sq. m. The house is vacant and is an ideal choice for families. The house has a separate title deed. 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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