Description
We are pleased to present a modern bungalow measuring 58 m², situated in Chloraka, near Paphos. This property is ideal for those who value privacy, comfort and direct access to relaxation by the pool.
Location
The property is situated just 800 metres from the sea. The location combines an intimate atmosphere with quick access to the beaches, shops and restaurants, as well as the centre of Paphos.
Coral Bay, Pafos Harbour, the Kings Avenue Mall, international schools, medical facilities and Pafos Airport are also nearby – making it the ideal location for both a holiday home and a short-term rental investment.
Property layout
The bungalow comprises:
- a spacious living room with a kitchenette,
- bedrooms,
- bathrooms,
- a covered veranda measuring (4 m²),
- a semi-covered veranda with an area of (14 m²),
- an open-air veranda measuring (4 m²),
- a private garden measuring (266 m²).
Benefits and facilities
The bungalow has private, heated swimming pool and a parking space. The property is being sold on a turnkey basis – the price includes air conditioning, household appliances and a full set of furniture.
The development is a gated community with a reception area, which further enhances residents’ sense of security and privacy.
First-hand price
The price of the bungalow is €450,000 + VAT and includes a private heated swimming pool, a parking space, air conditioning, household appliances and a full range of furniture. This is an offer directly from the developer, which means we avoid the mark-ups typical of the secondary market. We also have other layouts and floor areas available in this development.
Property as an investment
The average gross rate of return for flats and apartments in Cyprus is estimated at 4.5–6%, whilst for short-term rentals they can reach as much as 10%. Added to this is the potential increase in the property’s capital value.
Chloraka and the surrounding area of Paphos
The Pafos region is one of the most popular holiday destinations in Cyprus, prized for its tranquillity, proximity to nature and a wealth of cultural and tourist attractions all year round.
Leisure and the Mediterranean lifestyle
It’s well worth a visit to the historic Nea Pafos Archaeological Park, the charming harbour and promenade in Paphos, and the famous Aphrodite's Rock, some 25 km away. It is a place where a private swimming pool and terrace blend with the carefree, Mediterranean rhythm of the day.
We invite you to take a look at the rest property in Cyprus in our range, as well as with others property in Paphos.
