One Bedroom Apartment in Erenkoy
Yeni Erenkoy, Karpaz Peninsula, North Cyprus
From £109,500
Price verified 2 days ago- Property Ref: 425
- Modern design and high quality of building
- 24/7 reception and management
- Children's outdoor play area
- Bicycle paths and green areas
- Installment payment
Facilities
Property Location
The project is located in the Erenkoy area near the sandy beach.
- Sandy Beach 2 mins
- Karpaz Gate Marina 3 mins
- Supermarket 3 mins
- Restaurants 3 mins
- Erenkoy Karpaz Municipality Beach 4 mins
- Karpaz Golden Beach 40 mins
- Ercan Airport 95 mins
- Larnaca Airport 105 mins
Payment Plan
- 30% Down payment
- 30% 0% Interest installments till key delivery
- 40% 0% Interest installments after key delivery for 36 months
Payment Breakdown
- Down payment (30%) £32,850
- Installments until key delivery (30%) £32,865
- Show 21 months installment plan
- Installments after key delivery (40%) £43,785
- Show 36 months installment plan
- Total amount £109,500
Additional Fees Calculator
- Property price £109,500
- VAT (5%) + £5,475
- Stamp duty (0.5%) + £548
- Title deed transfer + £13,140
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £133,163
Return on Investment (ROI)
Projected investment return of
£169,727 in 5 years
Investment
£109,500
Total rental income
£20,531
Value appreciation
£39,696
About the Project
A new project with rich facilities and management in a quiet area of Erenkei near the sandy beach.
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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