Three Bedroom House in Kaimakli, Nicosia
| House | DP-CY18353
Not Subject to Vat
Not Subject to Vat
Not Subject to Vat
Description
The property is an income-generating three-bedroom semi-detached house located in the quiet residential area of Kaimakli, Nicosia, offering a stable investment opportunity in a well-established neighborhood close to schools, parks, and local amenities.
The house is set on a 298 sq.m. plot and features 89 sq.m. of internal living space, complemented by 41 sq.m. of covered verandas and a 57 sq.m. ancillary building. It also benefits from covered parking for one car.
The internal layout comprises an open-plan living and dining area, a kitchen with a dining space, three bedrooms, and a main bathroom.
Externally, the property offers a landscaped yard, a covered veranda with a wooden pergola, a private outdoor area, and an auxiliary storage room, enhancing its overall usability and appeal.
The property is currently rented, generating a monthly income of €600, with an estimated annual return of 5.1% ROI and a projected rental increase of 5% every two years, making it an attractive investment opportunity.
A separate title deed is available for the property.