Description
In the Universal district of Paphos, a new development has been launched that combines usable floor area: 85.58 m² in a location that ensures every comfort of everyday life. This development is aimed both at those looking for a place of their own and at investors seeking a stable return on their property.
A neighbourhood prized for its convenience and tranquillity
Universal is one of some of the most renowned parts of Paphos, where low-rise housing stands alongside a full range of urban amenities.
The hospital is located just 650 metres just a short walk from the building, with shops, cafés, restaurants, pharmacies, gyms and educational facilities for children all within walking distance.
It’s less than 2.5 km, and the town centre is about 2 km away, meaning residents have both the beach and town life on their doorstep.
An interior designed with comfort in mind
Layout:
The flat consists of:
- living room with kitchenette,
- 2 bedrooms,
- 2 bathrooms,
- balcony.
Amenities that enhance the standard of the offering
The flat includes a parking space, including a storage cupboard, which makes day-to-day life much easier.
Residents can also make use of swimming pool on the development site, and the building itself is already ready to move into, without having to wait for the finishing work to be completed.
- Parking space included in the price
- Swimming pool open to residents
- Full internet and telephone coverage
Price direct from the developer
The total purchase cost is €340,000 net and includes both the flat itself and a parking space with a storage cupboard.
Such favourable conditions are possible because this is a property on the primary market, direct from the developer, without the involvement of intermediaries who drive up the cost of the transaction.
Financial arguments in favour of the purchase
The rental market in Cyprus offers the prospect of an average gross rate of return of 4.5–6% on an annual basis.
In the case of short-term rentals, this figure may rise to as much as 10%, and the prospect of the property’s value increasing remains an additional advantage.
Everyday life to the rhythm of a Mediterranean summer
Being so close to the sea is perfect for morning swims, afternoon strolls along the promenade and evenings spent in seaside tavernas.
It is also a convenient base for those planning a short-term holiday rental, as the Paphos region attracts tourists for most of the year.
Paphos – a city steeped in history and with a unique atmosphere
The town itself is famous for the Nea Pafos Archaeological Park and the mysterious Royal Tombs, whilst history enthusiasts also enjoy visiting the medieval Pafos Castle.
Its extensive tourist infrastructure, proximity to the airport and a constantly growing property market mean that Paphos remains one of the most sought-after destinations in Cyprus.
See also other flats available in our portfolio and other properties located in the Pafos region.
