One Bedroom Penthouse in Famagusta
Famagusta, North Cyprus
From £220,000
Price verified 19 hours ago- Property Ref: 2289
- 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
- Secondary School 1 min
- Restaurants 1 min
- Famagusta Life Hospital 3 mins
- Shopping Center 4 mins
- Famagusta Port 5 mins
- Palm Beach 6 mins
- Eastern Mediterranean University 8 mins
- Ercan International Airport 45 mins
- Larnaca International Airport 45 mins
Payment Plan
- 70% Down payment
- 30% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (70%) £154,000
- Installments until key delivery (30%) £66,000
- Show 12 months installment plan
- Total amount £220,000
Additional Fees Calculator
- Property price £220,000
- VAT (5%) + £11,000
- Stamp duty (0.5%) + £1,100
- Title deed transfer + £8,800
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £245,400
Return on Investment (ROI)
Projected investment return of
£363,922 in 5 years
About the Project
Located in the center of Famagusta, this modern residential building offers comfortable city living with convenient access to everyday amenities, universities, shops, restaurants, and essential services.
The project features thoughtfully designed apartments with contemporary architecture and functional layouts, combining practical living spaces with quality construction materials. Large windows provide natural light, while modern finishes and well-planned interiors create a comfortable and stylish home environment.
Residents benefit from practical building features including an elevator, private parking spaces, security camera system, and reliable infrastructure for internet, television, and air-conditioning.
With its central location, modern design, and efficient apartment layouts, the development presents an attractive opportunity for both comfortable urban living and real estate investment 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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