3 bedrooms Maisonette in Timi, Paphos, Cyprus No. 54766

Bedrooms

Bathrooms

147 sq.m.

Square

€ 448 000

€ 3 048 / 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

ID

54766
City

Cyprus
Type

Maisonette
Status

Off-plan
Veranda type

Open and covered
Bedrooms

3

Total floors

2
Bathrooms

3
Square

147 sq.m.
Land area

265 sq.m.
Veranda area

29 sq.m.
Completed

No

Property Description

This private low-rise development in the charming village of Timi, Paphos, consists of just two stylish two-storey maisonettes. Each house offers three bedrooms and three bathrooms, spacious verandas, a storage room and a private parking area behind automated electric entrance gates — all in a peaceful setting with stunning sea views, close to beaches, restaurants, shops and Paphos town.

The homes are built to a high specification: water-based underfloor heating with independent zoning on each level — a hallmark of a premium project — comes as standard, complemented by a 5.2 kW photovoltaic solar system, split-unit air conditioning and a hybrid electric/solar water heating system. A complete security package includes an alarm system and a 4-camera CCTV network, and there is an outdoor entertainment area with built-in barbecue facilities at kitchen level. A private swimming pool can be added as an upgrade for €25,000 plus VAT. An excellent choice for permanent residence or a holiday home with high rental potential.

The main features of the project and the units:

• Water underfloor heating with independent zoning on each level
• 3 bedrooms and 3 bathrooms
• Sea views
• 2 kW photovoltaic system
• Split-unit air conditioning
• Alarm system and 4-camera CCTV
• Outdoor BBQ area
• Storage room
• Private parking with automated electric gates
• Private swimming pool available as an upgrade (€25,000 + VAT)

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

Features

Private pool

Storage room

Car park