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Property for sale information

 
Cyprus Villas & Townhouses  
Reference nr: UP276101
Description:

• Finance is available (subject to staus)
• 5% rental guarantee for first year after completion

Property Summary

Each villa will have private parking and the option of a private pool, whilst the Apartments and Townhouses will enjoy the use of a spacious communal pool. Externally, the attractive arches and external stonework makes them both distinctive and visually admirable. Generous sized gardens and verandas are also features of these stunning properties which adds to their individuality. As always, each purchaser will have the option of choosing from a wide range of high quality internal finishes to complete their dream home. Tranquil and picturesque best describes the location of property. The village of Avgorou combines old Cypriot charm with the modern day culture of the island.

Quality, affordable homes in an ideal location are the best way to describe these developments, so for those seeking a more traditional setting for their future home in the sun this resort is the perfect choice.

Financing your Property

Finance is available (subject to status)

Location

Avgorou is a country village with some interesting modern and medieval churches. To the west of the village stands the domed church of Ayios Yeoryios Teratsiotis, which dates from the 16th c. To the north of the village, the monastery of Ayios Kendeas stands near the old Nicosia - Famagusta road.

The Eastern Coast of Cyprus is still increasing in popularity for both homebuyers and investors. Until now the majority of property development has been based within the resort areas but scenic surroundings and superb value for money are qualities that are attracting would-be homebuyers to nearby towns and villages as they have so much more to offer.

















Cyprus is the third largest island in the Mediterranean and is the legendary birthplace of Aphrodite; it is very diverse, where European culture effortlessly meets ancient enchantment.

Because of the excellent weather and the fact that property represents good value for money, in Southern Cyprus home ownership by the British has grown steadily in recent years particularly around Paphos, Agia Napa and Limassol.

Due to the ongoing political situation in the north of the island this area is not particularly favoured by the British. Things do not get done as quickly in Cyprus as you would expect them to at home, so avoid living like a tourist or it can become expensive. However in general the cost of living is around 30% cheaper than in the UK.

Attractions

Cyprus has a dry climate and is hot for much of the year with temperatures often reaching 40°C in the summer months. Being an island the majority of coastal resorts are cooled by a sea breeze. Wintertime is generally held to be December – February when 8-10°C is the norm although it can be colder inland.

As w

Bedrooms: Bathrooms: Price (€):
1 1 118,000
3 3 254,000
Features:
Beach
Golf
Spa
Submission Date:
05-23-2007
Last Update:
06-05-2007
Advertiser Details:


Name:
Utopia Property Investments

Company:
Independent Property Advisors

Phone:
000000000000
Fax:

Mobile:

 
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Calculators

 
Property price: €118,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations