2 bedrooms Apartment in Paphos, Cyprus No. 36620
ID36620
$ 549 224
Property description
Two Bedroom Penthouse For Sale In Tomb of the Kings, Paphos - Title Deeds (New Build Process)This development is a brand-new gated apartment project consisting of 20 luxury apartments and located in the popular tourist area of Tombs of the Kings in Paphos. Situated in very close proximity to British Aspire School, Capital Coast Hotel, and the historic Tomb of the Kings, this prime location offers convenience and accessibility, as well as offers the potential for great return on investment as a rental property.
Beaches, the harbour, hotels and King's Avenue Shopping Mall are all less than a 10 minutes' walk, and essential amenities just 3 minutes away.
Each luxury apartment provides a spacious layout with premium quality finishes, large balcony spaces, and high-end features. The apartment project also offers a range of shared amenities including a 5x16m swimming pool, a lobby area, communal office space and meeting room, an outdoor gym area and an outdoor children's playground.
- Two bedrooms with fitted wardrobes
- Open plan living - lounge - dining area
- Built-in kitchen
- Bathroom with walk-in shower and wall mounted toilet
- Concealed VRV system for cooling
- Underfloor heating with water
- Slim Line technology thermal aluminum
- Unfurnished
- Allocated parking
- Communal swimming pool
- Children's playground
- Outdoor gym area
- Electric car gates and provision for electric car charger
- Alarm system in each property and intercom at entrance door
- Gated project
- Internal area 81 - 83 m2
- Covered veranda 16 - 24 m2
- Storage 2.5 - 3.2 m2
- Parking 11 m2
- Roof garden 34 - 76 m2
- Communal Fee TBC
- 4 minutes to Lighthouse (Faros) beach
- 8 minutes to Paphos Harbour with its wide selection of restaurants, bars and amenities
- 18 minutes to the nearest golf course
- 25 minutes to Paphos International Airport
- Suitable for Cyprus Permanent Residency - Fast Track
- Subject to VAT
- Energy Efficiency A
Tomb of the Kings
Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the areas government institutions.
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* Title Deeds (New Build Process)
* Amazing Location
* Communal Swimming Pool
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* Under Construction - Completion December 2025
* Energy Efficiency A
Tomb of the Kings
Tomb of the Kings
County: Paphos
Sale Type: For Sale
Ref #: OLI023N2P
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 944.50 |
| Apartment (1 bedroom) Outside of Centre | $ 758.12 |
| Apartment (3 bedrooms) in City Centre | $ 1 814.61 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 480.98 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 198.63 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 048.51 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 31.94 |
| Cost of Living and Rent Index | 38.96 |
| Purchasing Power Index | 86.47 |
| Property Price to Income Ratio | 7.41 |
| Safety Index | 68.06 |
| Traffic CO₂ Index | 4473.64 |
| Traffic Inefficiency Index | 127.03 |
| Rent Index | 24.05 |
| Health Care Index | 70.76 |
| Groceries Index | 52.48 |
| Pollution Index | 31.54 |
| Traffic Commute Time Index | 21.00 |
| Restaurant Price Index | 51.76 |
| Climate Index | 96.66 |
| Cost of Living Index | 50.93 |
| Quality of Life Index | 185.12 |
| Traffic Index | 103.74 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.87 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 63.47 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 7.40 |
| Domestic Beer (0.5 liter draught) | $ 3.17 |
| Imported Beer (0.33 liter bottle) | $ 3.44 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.10 |
| Water (0.33 liter bottle) | $ 1.07 |
| Cappuccino (regular) | $ 3.50 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.56 |
| Loaf of Fresh White Bread (500g) | $ 1.58 |
| Eggs (regular) (12) | $ 4.26 |
| Local Cheese (1kg) | $ 17.05 |
| Water (1.5 liter bottle) | $ 1.04 |
| Bottle of Wine (Mid-Range) | $ 7.14 |
| Domestic Beer (0.5 liter bottle) | $ 1.64 |
| Imported Beer (0.33 liter bottle) | $ 2.39 |
| Cigarettes 20 Pack (Marlboro) | $ 5.29 |
| Apples (1kg) | $ 2.58 |
| Chicken Fillets (1kg) | $ 8.46 |
| Oranges (1kg) | $ 2.38 |
| Potato (1kg) | $ 1.23 |
| Lettuce (1 head) | $ 0.92 |
| Rice (white), (1kg) | $ 2.04 |
| Tomato (1kg) | $ 3.30 |
| Banana (1kg) | $ 1.50 |
| Onion (1kg) | $ 1.02 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 14.15 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.12 |
| Monthly Pass (Regular Price) | $ 52.89 |
| Gasoline (1 liter) | $ 1.49 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 23 536.98 |
| Taxi Start (Normal Tariff) | $ 7.93 |
| Taxi 1km (Normal Tariff) | $ 2.01 |
| Taxi 1hour Waiting (Normal Tariff) | $ 21.16 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 32 616.79 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 170.56 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 36.10 |
| $ 22.32 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 771.41 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.01 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 59.69 |
| Tennis Court Rent (1 Hour on Weekend) | $ 19.83 |
| Cinema, International Release, 1 Seat | $ 10.58 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 96.53 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 63.47 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 116.10 |
| 1 Pair of Men Leather Business Shoes | $ 103.13 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 390.74 |
| International Primary School, Yearly for 1 Child | $ 7 166.88 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:
- The purchase is made by an individual, not a legal entity.
- The buyer is not going to rent out the acquired property.
- This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.