3-bedroom flat | Paphos | Tombs of the Kings | Pool | South Cyprus

Description

In the prestigious Tombs of the Kings district in Paphos, an intimate complex comprising just eight apartments has been built, including this one A 3-room flat with a floor area of 76 m². This is an ideal choice for those who value peace and quiet, privacy and being close to the sea, whilst not wanting to compromise on the comforts of everyday life.

A location that instils a sense of security

The neighbourhood is renowned for its intimate atmosphere and carefully planned layout, allowing residents to enjoy peace and privacy. The beach is situated up to 1 km, and within a radius of just 500 metres there is a British private school, a spa and a supermarket. The shopping centre is 2.7 km away, the town centre 2 km, whilst the harbour is 4 km away – all within easy reach, without having to sacrifice the neighbourhood’s tranquillity.

Layout of the flat

The flat consists of:

• living room with kitchenette,
• 2 bedrooms,
• 2 bathrooms,
• balcony (20 m²).

Facilities at the development

The developer has incorporated a range of features designed to enhance the comfort of everyday life:

• shared swimming pool,
• covered parking space,
• a private alarm system and video intercom,
• electric entrance gates,
• a storage room and a playground.

Residents also have access to a fixed-line internet connection and a telephone, which will be appreciated by anyone planning to work remotely or stay for a longer period.

Price and attractiveness of the offer

The property has been valued at €405,000 net (the price includes a storage cubicle and a parking space), which, given the floor area of 76 m², works out at €5,328.95 per square metre. This favourable valuation is due to the fact that it is an offer directly from the developer, on the primary market – with no middlemen and no extra mark-ups.

Investment potential

Property in Cyprus has long been popular with investors seeking a stable passive income. The average gross return on letting flats and apartments is estimated at 4.5–6%, whilst for short-term rentals it can be as high as 10%. Added to this is the prospect of the property’s capital value increasing in the coming years.

Leisure and the Mediterranean lifestyle

Its proximity to the coast makes the flat ideal both as a permanent home and as a holiday base. The region offers a wide range of restaurants, cafés and beaches, and when let out on short-term holiday lets, it generates a substantial additional income throughout the season.

Paphos – a city steeped in history

The district itself takes its name from the Royal Tombs, one of the island’s most important archaeological sites. Other places worth visiting in the area include the medieval Pafos Castle and the picturesque Blue Lagoon on the Akamas Peninsula – the perfect spot to relax by crystal-clear waters.

Are you looking for similar suggestions? Take a look other flats in our portfolio or check more properties in Paphos.