Two Bedroom Penthouse in Famagusta
Canakkale, Famagusta, North Cyprus
£149,900
Price verified 1 day ago- Property Ref: 2176
- Central Location ensuring easy access to the city's amenities.
- Well-Planned Interiors: Each apartment provides generous living areas with practical layouts designed for everyday comfort.
- Private Parking: Every unit comes with a covered parking space.
- Modern Five-Storey Building: A low-density residential structure featuring just 14 spacious apartments, offering privacy and a comfortable living environment.
- Flexible Payment Plan: Attractive payment options make the project suitable for both homeowners and investors looking for value and convenience.
Property Location
- Supermarket 1 min
- Shopping Center 1 min
- Restaurants & Bars 1 min
- Bank 1 min
- Canakkale Secondary School 4 mins
- Famagusta Port 6 mins
- Eastern Mediterranean University 8 mins
- Larnaca International Airport 40 mins
- Ercan International Airport 55 mins
Payment Plan
- 35% Down payment
- 65% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (35%) £52,465
- Installments until key delivery (65%) £97,435
- Show 24 months installment plan
- Total amount £149,900
Additional Fees Calculator
- Property price £149,900
- VAT (5%) + £7,495
- Stamp duty (0.5%) + £750
- Title deed transfer + £5,996
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £168,641
Return on Investment (ROI)
Projected investment return of
£234,222 in 5 years
About the Project
Located in a central area of Famagusta, this modern residential project offers easy access to the city’s main amenities while being just 2 km from the sea. The five-storey building consists of only 14 spacious apartments, providing a comfortable and private living atmosphere.
Each home is designed with well-planned interiors that maximize space and natural light. A dedicated private parking space for every apartment adds convenience to daily life, ensuring practical and organized living.
With its central location, limited number of units, and a flexible payment plan, the project presents an attractive option for both homeowners and investors seeking a well-positioned property in Famagusta.
WHY INVEST IN NORTH CYPRUS?
- North Cyprus has seen 79% property price increase in the past 3 years
- Rated as "#1 Beachfront Property Investment in The World" by Forbes Magazine in 2021, North Cyprus is one of the leading property investment hotspots in the Mediterranean
- Buying an off-plan property allows the buyer to pay approximately 20% below market value and pay in instalments over 12-36 months
- Buy-to-let is also a very attractive option yielding minimum 8% return
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