Description
We invite you to discover this modern 52 m² flat, situated in Chloraka, near Paphos. This property is ideal for those seeking a functional interior within an intimate, designer complex.
Location
The development is situated just 1 km from the sea. This intimate project comprises just 20 designer flats, ensuring residents enjoy privacy and a high standard of living.
The location offers quick access to the city’s main attractions: the beach is about 5 minutes away, Pafos town centre about 6 minutes, the harbour about 10 minutes, and Pafos Airport about 22 minutes’ drive.
Property layout
The flat consists of:
- living room with kitchenette,
- bedrooms,
- bathrooms,
- balcony (10 m²).
Benefits and facilities
On the roof of the building there is infinity pool with panoramic sea views, a relaxation area and a co-working space. A covered parking space and air conditioning are included in the price.
The building is fitted out for the installation of solar panels, and buyers can purchase a storage cubicle and a furniture package.
First-hand price
The price of the flat is €245,000 net and includes a covered parking space. This is an offer directly from the developer, rather than on the secondary market, which makes it exceptionally competitively priced. Other floor areas and layouts are also available within the same development.
Property as an investment
According to estimates, the project offers a potential annual net rental yield of at least 6%, and the property’s value could rise by as much as 20% once construction is complete. The average gross rate of return for flats in Cyprus is estimated at 4.5–6%, and for short-term rentals, even for as long as 10%.
Chloraka and the surrounding area of Paphos
The Pafos region is one of the most popular destinations for investors in Cyprus, prized for its tranquillity, picturesque landscapes and convenient location close to the beaches and the airport.
Leisure and the Mediterranean lifestyle
It’s well worth a visit to the historic Nea Pafos Archaeological Park, the charming harbour in Paphos and the shipwreck Edro III near Pegeia, a favourite spot amongst photography enthusiasts. It is a place where you can spend every day in tune with the sun, the sea and the tranquillity of the Mediterranean.
We invite you to take a look at the rest apartments in Cyprus in our range, as well as with others property in Paphos.
