Two Bedroom Penthouse in Famagusta
Famagusta, North Cyprus
£157,000
Price verified 1 day ago- Property Ref: 2247
- Elevated city views and added privacy.
- Spacious living areas with functional layout.
- Private terraces for outdoor use.
- Central location close to all amenities.
- High rental and resale potential.
Property Location
The project is located in the center of Famagusta.
- Supermarket 1 min
- Famagusta Life Hospital 1 min
- Shopping Center 1 min
- School 2 mins
- Restaurants 2 mins
- Famagusta Port 3 mins
- Eastern Mediterranean University 7 mins
- Palm Beach 7 mins
- Ercan International Airport 45 mins
- Larnaca International Airport 45 mins
Payment Plan
- 40% Down payment
- 60% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (40%) £62,800
- Installments until key delivery (60%) £94,200
- Show 4 months installment plan
- Total amount £157,000
Additional Fees Calculator
- Property price £157,000
- VAT (5%) + £7,850
- Stamp duty (0.5%) + £785
- Title deed transfer + £6,280
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £176,415
Return on Investment (ROI)
Projected investment return of
£251,204 in 5 years
About the Project
Located in the heart of the city, this boutique residential development offers a limited number of modern apartments designed for comfortable urban living. The project provides easy access to hospitals, schools, shopping areas, and public transport, all within walking distance.
With practical layouts, parking options, and a central location that supports strong rental demand, it is well suited for both daily living and long-term investment.
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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