€130,000
2 Bedroom Apartment , Latsia, Nicosia
Condition
Resale
Energy
NA
Features
- Elevator
- Parking
Property description
Location • Situated in a highly desirable and active neighbourhood within the Archangel Michael Quarter of Latsia, providing a dynamic urban living experience for its residents. • Positioned along a major thoroughfare, the property benefits from immediate access to a wide array of local shops, cafes, and essential services just steps from your door. • The apartment is conveniently located a short distance from the Latsia Town Hall, placing it at the heart of the municipality's administrative and commercial centre. • Enjoy superb connectivity with excellent access to the main highway network, making commutes to Limassol or into the capital's city centre exceptionally quick and easy. • This prime address offers a fantastic combination of residential comfort and city convenience, appealing to those who appreciate a well-connected and vibrant lifestyle. External Features • Forming part of an established residential and commercial building, this property benefits from the convenience and security of a well-maintained, multi-level development. • The apartment is conveniently accessed via an elevator, ensuring easy and comfortable entry to the third floor for all residents and their guests. • A generous covered veranda extends from the living area, offering a private outdoor space for relaxation or al fresco dining regardless of the weather. • Residents will benefit from an exclusive-use uncovered parking space located on the ground floor, providing a dedicated and convenient solution for vehicle storage. • The building's mature construction from 1979 showcases a classic architectural style, offering a solid foundation in a prime and sought-after Nicosia suburb. Internal Characteristics • The residence features a well-proportioned internal area of 92 square metres, thoughtfully arranged to create a comfortable and functional living environment for individuals or couples. • An expansive open-plan layout seamlessly integrates the living room, dining area, and kitchen, promoting a sense of spaciousness and facilitating modern social living. • This comfortable apartment comprises two well-sized bedrooms, including a master bedroom, which provide quiet and private retreats for rest and relaxation. • The functional layout includes a main bathroom complete with a bathtub and toilet, complemented by the convenience of a separate guest toilet for visitors. • Large windows and veranda doors allow for an abundance of natural light to fill the interiors, creating a bright and welcoming atmosphere throughout the home. Advantages - Special Features • This property is presented with a separate title deed already issued, ensuring a secure investment and a straightforward, unencumbered transfer of ownership for the new buyer. • Representing an outstanding investment opportunity, the apartment is perfectly suited for either private ownership or for generating a healthy rental income due to its prime location. • Being offered vacant, the residence provides immediate availability for owner-occupancy or for investors wishing to place a tenant without any delay. • The strategic location with its exceptional highway access makes this an ideal home for professionals commuting daily to Nicosia's central business district or to other cities. • Its close proximity to all necessary amenities, including supermarkets and schools, makes it an exceptionally practical choice for long-term permanent living.
Location
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Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
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Beta — mortgage estimates only
Mortgage calculator for this property
Estimate the loan, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Recommended max LTV: 80%. Cyprus banks commonly finance up to 80% of the property value for an owner-occupied primary residence.
Resale property selected. VAT is estimated at €0 and transfer fees may apply because VAT is generally not payable on resale properties.
First-time buyer status is informational only here; it does not change the payment, transfer fees, stamp duty, or mortgage registration estimate.
Reduced 5% VAT depends on a main-residence declaration, property size/value limits, and Tax Department eligibility.
Use only if the planning-permit and declaration deadlines apply.
- Transfer fees are estimated at 3%, 5%, 8% bands, then 50% reduced when VAT is not paid.
- Transfer fees are estimated from purchase price and VAT treatment only; buyer ownership status does not change them here.
- No transfer fee is estimated when VAT applies to the transaction under current Land Registry practice.
- Mortgage registration is estimated at 1% of the mortgage amount.
- Stamp duty is shown as €0 because stamp duty was abolished for agreements from 1 January 2026.
- ID/passport, proof of address, tax details, and source-of-funds evidence.
- Recent payslips, employment contract, accounts for self-employed buyers, and bank statements.
- Sales agreement, valuation, title deed or planning documents, insurance, and deposit proof.
- Ask the bank which first-home products and documents apply.
Estimates are indicative only and do not constitute financial advice or a lending offer. Actual lending decisions, fees, VAT treatment, and affordability assessments depend on the individual bank, the Tax Department, the Department of Lands and Surveys, and the buyer's personal circumstances.