€ 355 000

€ 2 224 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

3 bedrooms Townhouse in Lakatamia, Nicosia, Cyprus No. 51838

Bedrooms

Bathrooms

159.6 sq.m.

Square

Parameters

Property Description

The project is developed in an excellent location in the center of Lakatamia, offering immediate access to all essential services and everyday conveniences. The area is particularly suitable for families, as schools, supermarkets, restaurants, and shops are all located nearby. In addition, direct access to the linear park along the Pedieos riverbed creates ideal conditions for walking, exercise, and moments of relaxation within an urban setting.

This is a beautifully designed residential development consisting of two independent modern family homes. The project emphasizes functionality and the use of high-quality materials, offering spacious interiors filled with natural light. The residences are designed with sustainability in mind, holding an Energy Efficiency Certificate Class A and featuring a modern thermal insulation system.

The homes offer three bedrooms and stand out for their contemporary layout, with the ground floor comprising an open-plan living room and kitchen area overlooking a landscaped green garden. The sale price includes a storage room, covered parking space, and the following features:

Energy & Heating: Full installation of underfloor central heating with a heat pump and an installed 3KW photovoltaic system.

Construction Quality: Thermally insulated window frames, solar water heater, pressurized water system, pipe-in-pipe plumbing system, and three-phase electricity supply.

Infrastructure & Security: Provision for an electric vehicle charging station, provision for electric parking gates, and provision for a residential energy storage battery.

Interior Finishes: Gypsum board false ceilings, a walk-in closet and en-suite bathroom in the master bedroom, as well as a separate laundry area on the upper floor.