Two Bedroom Apartment on The Hills of Alsancak
Alsancak, Kyrenia West, North Cyprus
£185,000
Price verified 2 days ago- Property Ref: 269
- 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
- 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
- 50% Down payment
- 50% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (50%) £92,500
- Installments until key delivery (50%) £92,500
- Show 12 months installment plan
- Total amount £185,000
Additional Fees Calculator
- Property price £185,000
- VAT (5%) + £9,250
- Stamp duty (0.5%) + £925
- Title deed transfer + £16,650
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £216,325
Return on Investment (ROI)
Projected investment return of
£340,867 in 5 years
Investment
£185,000
Total rental income
£88,800
Value appreciation
£67,067
About the Project
Similar 2 Bedroom Apartments in Kyrenia
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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