3 bedrooms Villa in Lakatamia, Nicosia, Cyprus No. 52216

Bedrooms

131 sq.m.

Square

€ 290 000

€ 2 214 / 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%

Parameters

Property Description

This new project comprises three contemporary two-storey houses situated in a peaceful residential area of Lakatamia. The development offers an ideal balance between tranquillity and convenience — residents enjoy a calm daily environment while remaining close to essential services, amenities, and the main road network for easy commuting across Nicosia.

Each house features a thoughtfully designed layout that seamlessly blends functionality with aesthetic appeal. The ground floor includes an open-plan living room, dining area, and kitchen, complemented by a covered veranda and storage space. The upper floor accommodates a master bedroom, two additional bedrooms, a bathroom, and extra storage. High-quality finishes are used throughout: ceramic tiles in living areas, parquet flooring in bedrooms, laminate kitchen cabinetry with engineered stone countertops, and black aluminium window frames.

The development is designed to meet the needs of modern families and discerning buyers alike. A 4 kVA photovoltaic system is installed, along with a 200-litre solar water heater with two collector panels. Pre-installation for split-unit air conditioning is provided in all rooms, and additional provisions include a security alarm system, CCTV cameras, video intercom, smoke detector in the kitchen, and an electric sliding gate. Each house benefits from covered parking and private green space.

The project presents an excellent option for owner-occupiers as well as investors, with the possibility to purchase all three houses together on this stage for €200,000.

The main features of the project and the units:

• 4 kVA photovoltaic system
• 200-litre solar water heater with 2 panels (4 m² total)
• Pre-installation for split-unit air conditioning in all rooms
• Laminate kitchen with engineered stone countertops
• Black aluminium window frames
• Ceramic tiles in living areas; parquet in bedrooms
• Security alarm, CCTV, video intercom, and smoke detector provisions
• Electric sliding gate provision
• Covered parking and private green space per house
• Internal areas ranging from approximately 131 to 134 m²
• Covered verandas on both floors

The project has an EPC certificate with "A" energy efficiency rating.