Property 8560 Pegeia, Paphos / LIM-PAF-26180
Exceptional Investment Opportunity In Pegeia With Versatile Apartments.
-61%
Opportunity!
50
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Paphos Indicative Price
3,828.69 €This Property
1,477.27 €For Sale • Deal
650,000€
Estimated Mortgage
/month
440
m2
490
Plot m2
Overview
Property Description
This exceptional property in the heart of Pegeia offers a versatile investment opportunity with substantial potential. The complex, set on a 490m² plot, includes a well-constructed main building with three spacious apartments and a traditional stone shell building ready for renovation.
Main Building Features:
- Ground Floor Apartment: Spanning 134m², this apartment features a separate kitchen, an open-plan living and dining area, and two bathrooms.
- The layout ensures ample space and comfort.
- Upper Floor Apartment: This unit mirrors the ground floor layout but is larger, with a covered area of 147m².
- It benefits from the same well-designed features with additional space.
- Lower Ground Floor Apartment: Covering 110m², this apartment includes a private yard of 150m², offering outdoor space and additional versatility.
- Traditional Stone Shell Building: The shell building has a covered area of 52m² and provides a valuable renovation opportunity.
Additional Features:
- Roof Garden: Stunning panoramic views are available from the roof garden, enhancing the appeal of each unit.
- Parking: Covered parking for one vehicle.
- Utilities: Equipped with water and electricity connections.
- Location: Centrally located in Pegeia, all local amenities are within walking distance, and Coral Bay Beach is just a short drive away.
- The main road frontage presents the possibility to convert the ground floor into retail space while utilizing the upper floors for residential purposes.
- This property offers an excellent chance to create a high-yield investment, with the flexibility to convert the apartments for various rental options and capitalise on its prime location and views.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Title Deeds
Location
25.42 kms
136.93 kms
3.20 kms
3.33 kms
3.98 kms
5.55 kms
6.35 kms
6.47 kms
6.48 kms
6.54 kms
6.58 kms
7.30 kms
7.72 kms
9.27 kms
9.37 kms
7.14 kms
8.36 kms
2.44 kms
3.54 kms
3.57 kms
4.19 kms
4.42 kms
4.87 kms
4.89 kms
4.91 kms
5.10 kms
5.65 kms
6.43 kms
7.12 kms
7.15 kms
7.59 kms
9.32 kms
9.44 kms
9.98 kms
Transfer Fees
Transfer Fees Individual
22,600 €
Transfer Fees Joint Names
19,200 €
Stamp Duty
1,208 €