Three Bedroom Villa
Yeni Bogazici, Iskele Yeni Bogazici, North Cyprus
£375,000
Price verified 1 day ago- Property Ref: 458
- Private swimming pool
- Laundry room
- Fire place
- Storage
- Covered garage with access to the pantry and kitchen
Property Location
The villas are located in the village of Mormenekse - this small village is located on the southern coast of Cyprus between Famagusta and Iskele, right behind the famous village of Yeni Boazici.
- Supermarket 2 mins
- Near East College 6 mins
- Near East Hospital 8 mins
- Beach 10 mins
- Long Beach 12 mins
- Salamis Forest 13 mins
- Pera Mackenzie Beach Club 15 mins
- Famagusta 15 mins
- Ercan Airport 35 mins
- Larnaca Airport 55 mins
Payment Plan
- 70% Down payment
- 30% 0% Interest installments after key delivery for 12 months
Payment Breakdown
- Down payment (70%) £262,500
- Installments after key delivery (30%) £112,500
- Show 12 months installment plan
- Total amount £375,000
Additional Fees Calculator
- Property price £375,000
- VAT (5%) + £18,750
- Stamp duty (0.5%) + £1,875
- Title deed transfer + £45,000
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £445,125
Return on Investment (ROI)
Projected investment return of
£615,635 in 5 years
Investment
£375,000
Total rental income
£104,688
Value appreciation
£135,947
About the Project
This charming bungalow is located in a quiet community. It has 3 bedrooms, 3 bathrooms, a private swimming pool, a laundry room, a covered garage with access to the kitchen and pantry, and genuine wood burning fireplace.
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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