Three Bedroom Apartment in Lapta
Lapta, Kyrenia West, North Cyprus
£165,000
Price verified 1 day ago- Property Ref: 372
- Common swimming pool.
- Gated community.
- Great investment opportunity.
- Flexible payment plan.
Facilities
Property Location
The project is located in a quiet picturesque area of Lapta.
- Supermarket 1 min
- Sea 2 mins
- Lapta Elementary School 2 mins
- Restaurants and Bars 3 mins
- Suna`s Beach Club 3 mins
- 5 Star Hotels and Casinos 5 mins
- Lapta Coastal Walking Path 6 mins
- Kyrenia Town Center 20 mins
- Ercan Airport 50 mins
- Larnaca Airport 90 mins
Payment Plan
- 40% Down payment
- 60% 0% Interest installments after key delivery for 12 months
Payment Breakdown
- Down payment (40%) £66,000
- Installments after key delivery (60%) £99,000
- Show 12 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
£268,129 in 5 years
Investment
£165,000
Total rental income
£43,312
Value appreciation
£59,817
About the Project
The project consists of seven three-storey buildings. Each of which has 9 apartments 2+1 or 3+1.
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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