One Bedroom Apartment on The Hills of Alsancak
Alsancak, Kyrenia West, North Cyprus
£165,000
Price verified 8 hours ago- Property Ref: 268
- Only 5 minutes drive to the beach
- A large communal area, facilities including swimming pool, playgrounds and much more
- Expected capital appreciation 30% in 2 years.
- Close to all necessities, including supermarkets and pharmacies
Facilities
Property Location
Project is located on the hills of Alsancak, in North Cyprus.
- Necat British School 2 mins
- Supermarket 3 mins
- Pharmacy 3 mins
- 5 Star Hotel and Casino 5 mins
- Beach Club 5 mins
- Cafes and Restaurants 6 mins
- Ercan Airport 35 mins
- Larnaca Airport 60 mins
Payment Plan
- 30% Down payment
- 70% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (30%) £49,500
- Installments until key delivery (70%) £115,500
- Show 7 months installment plan
- Total amount £165,000
Additional Fees Calculator
- Property price £165,000
- VAT (5%) + £8,250
- Stamp duty (0.5%) + £825
- Title deed transfer + £19,800
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £198,375
Return on Investment (ROI)
Projected investment return of
£266,067 in 5 years
About the Project
The new Residential Complex will be located in the picturesque foothills of Alsancak.
The complex will consist of two two-storey houses.
Block A - 12 apartments and Block B - 8 apartments.
Apartments 1+1 (41-49 m2) and 2+1 (74m2), with 1 bathroom and 1 balcony in each apartment.
Apartments on the 2nd floor will have their own private roof terrace with a built-in barbecue system and outlets for taps and jacuzzies.
The apartments on the 1st floor will have their own plot for a garden or a recreation area from 8 m2 to 34 m2
The apartments will be rented out in a fine finish with built-in cabinet furniture in the kitchen, built-in wardrobes in the rooms and a fully finished bathroom.
On the territory of the Complex there is a communal swimming pool and an equipped Park with walking paths, places for recreation, a playground and landscaping. And also next to the Complex there is also a large municipal playground with a mini-zoo.
Within walking distance from the Complex is the Necat British College (from 2 to 17 years old) and this is especially true for families with children who want to give their children a decent English education.
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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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