€75,000
BANK OWNED APARTMENT – CHLORAKA, PAPHOS
Condition
Resale
Energy
C
Year built
140
Floor
Ground floor
Features
- Parking
Property description
Two-bedroom ground-floor apartment with 77m² internal area, 11m² covered veranda and 7m² uncovered veranda, located in Melania Gardens E, built in 2009. The property consists of an open-plan living, dining and kitchen area, two bedrooms, one bathroom, verandas and a private yard. The apartment is vacant and suitable for private use or rental investment. Located in Chloraka with very good access to supermarkets, schools, shops and other essential amenities, as well as easy access to Paphos. IMPORTANT – TITLE DEED STATUS TO BE CONFIRMED. The listing contains conflicting information regarding the title deed. The stated method of transfer is assignment of contract, while the legal information states that there is no separate title deed and its future issuance is not guaranteed. Bank financing may therefore be difficult. Buyers are advised to obtain independent legal advice before proceeding. Offers submitted every Tuesday at 9:30 AM. P.G.A. PROPERTY MASTERS LTD Reg. No. 1140 | Licence No. 580
Location
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Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Beta feature — indicative estimates only, not financial or legal advice.
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.