Two Bedroom Apartment in Alsancak
Alsancak, Kyrenia West, North Cyprus
From £130,000
Price verified 1 day ago- Property Ref: 370
- Two balconies
- Excellent location in the center of Alsancak
- Close to the sea
- Close to all city facilities
- Great investment
Facilities
Property Location
The project is located in the lively center of Alsancak.
- Supermarket 1 min
- Alsancak Municipality 1 min
- Bank and ATM 2 mins
- Petrol Station 2 mins
- Beach Camelot 3 mins
- Necat British College 5 mins
- Merit Roya Hotel Premium Casino & Spa 5 mins
- Kyrenia 15 mins
- Ercan Airport 45 mins
- Larnaca Airport 95 mins
Payment Plan
- 40% Down payment
- 60% 0% Interest installments after key delivery for 12 months
Payment Breakdown
- Down payment (40%) £52,000
- Installments after key delivery (60%) £78,000
- Show 12 months installment plan
- Total amount £130,000
Additional Fees Calculator
- Property price £130,000
- VAT (5%) + £6,500
- Stamp duty (0.5%) + £650
- Title deed transfer + £15,600
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £157,250
Return on Investment (ROI)
Projected investment return of
£215,586 in 5 years
Investment
£130,000
Total rental income
£38,458
Value appreciation
£47,128
About the Project
The project consists of four three-storey buildings. Each of which has 9 apartments 2+1.
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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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