Description
In the picturesque village of Kissonerga, in the Pafos district, a resort is being built, designed so that every communal area offers a view of the sea. We offer the following there: A 3-bedroom terraced house with a floor area of 95 m², designed for those who value proximity to the coast and high investment potential.
A prestigious location with potential for growth
Located just 600 metres from the sea It offers the comforts of everyday life near the coast, and Pafos town centre is just 6 km away. The popular Coral Bay is about 4 km away, and there are shops, restaurants, wedding venues, cafés and chemists in the immediate vicinity.
An additional advantage of the investment is the high potential for the property’s value to increase – just 2 km away, there are plans to build Paphos Marina, a prestigious development comprising around 1,000 berths and a cruise ship terminal, which will boost demand for rentals in the area in the future.
Layout
The flat consists of:
- a kitchen with a kitchenette,
- 2 bedrooms,
- 2 bathrooms,
- terrace (22 m²),
- a private swimming pool.
Facilities that enhance the quality of life
- a swimming pool open to all residents of the development,
- parking space,
- gym,
- a restaurant and café on the development site.
The developer also offers properties of different sizes and layouts within the same development, allowing buyers to find a property that suits their individual needs.
Price and terms of purchase
The property has been valued at €450,000 net, the price includes a parking space (€4,736.84 per square metre). This attractive rate is due to the fact that it is a first-hand offer – the property comes directly from from the developer, rather than from the secondary market, which eliminates the additional mark-ups charged by intermediaries.
An investment with real potential
Kissonerga and the area around Paphos is one of the most promising investment regions in Cyprus, particularly in view of the planned marina. The average gross rate of return for this type of property is estimated at 4.5–6%, whilst for short-term rentals this ceiling can be as high as 10%. Added to this is the potential increase in property values, bolstered by the development of coastal infrastructure.
The Mediterranean lifestyle in Paphos
The Pafos region is full of traces of centuries past and beautiful views. It is well worth visiting the famous Aphrodite's Rock, a popular spot for taking photos by the water’s edge – the wreck of the Edro III, as well as wild boars The Akamas Peninsula with the Blue Lagoon. It is a place where nature, history and the Mediterranean way of life blend harmoniously.
Why choose Paphos?
Paphos is a popular tourist region offering both affordable apartments and luxury seaside developments. It is a location appreciated by both those looking for a permanent home and investors interested in letting properties.
Are you looking for other properties of a similar standard? Take a look at our the full range of apartments in Cyprus.
Are you interested in more options in this region? Take a look at property listings in Paphos.
