3 bedrooms Apartment in Paphos, Cyprus No. 36708
ID36708
$ 664 377
Property description
Three Bedroom Penthouse For Sale in Universal, Paphos - Title Deeds (New Build Process)This beautiful three bedroom penthouse is located in Universal, a superb choice for real estate investment, near the centre of Paphos and the main tourist cluster. Having an excellent location, with just a short walk to amenities such as supermarkets and shops, this project has everything needed for an unparalleled living experience.
The project has a modern design, with high technical characteristics and high quality finishes.
Other than its contemporary and functional design, the other major advantage of this development is only a few minutes drive to the beach and two upcoming universities that will open up in Paphos - the American University of Beirut and the Cyprus University of Technology.
- Three bedrooms with fitted wardrobes
- Bright and spacious open plan living - dining area
- Fully fitted kitchen
- Two bathrooms
- Bathrooms finished with high quality marble effect porcelain tiles and high-quality vanity units, sanitary ware, accessories and mixers
- Provision for VRV concealed air-conditioning
- Provision for central heating system
- Water solar heater
- Water pressurizing system
- Provision for Smart Home
- Unfurnished
- Large covered balconies with sea views
- Covered area 120 m2
- Covered veranda 80 m2
- Walking distance to local amenities
- Walking distance to the nearest beach
- Communal Fee TBC
- 4 minutes to the nearest beach
- 6 minutes to Paphos Harbour with its wide selection of restaurants, bars and amenities
- 16 minutes to the nearest golf course
- 23 minutes to Paphos International Airport
- Suitable for Cyprus Permanent Residency - Fast Track
- Subject to VAT
- Energy Efficiency TBC
Universal/Kato Paphos
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)
* Sea Views
* Amazing Location
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* New Build
* Energy Efficiency TBC
Universal
Universal
County: Paphos
Sale Type: For Sale
Ref #: HAD061N3P
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 1 008.00 |
| Apartment (1 bedroom) Outside of Centre | $ 753.54 |
| Apartment (3 bedrooms) in City Centre | $ 1 877.92 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 491.29 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 340.19 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 139.18 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 31.94 |
| Cost of Living and Rent Index | 40.59 |
| Purchasing Power Index | 82.39 |
| Property Price to Income Ratio | 7.41 |
| Safety Index | 68.06 |
| Traffic CO₂ Index | 3990.00 |
| Traffic Inefficiency Index | 108.55 |
| Rent Index | 24.18 |
| Health Care Index | 70.76 |
| Groceries Index | 54.98 |
| Pollution Index | 31.54 |
| Traffic Commute Time Index | 19.38 |
| Restaurant Price Index | 55.10 |
| Climate Index | 96.66 |
| Cost of Living Index | 54.41 |
| Quality of Life Index | 183.95 |
| Traffic Index | 97.36 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 16.57 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 66.28 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.01 |
| Domestic Beer (0.5 liter draught) | $ 3.31 |
| Imported Beer (0.33 liter bottle) | $ 3.59 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.57 |
| Water (0.33 liter bottle) | $ 0.76 |
| Cappuccino (regular) | $ 3.54 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.63 |
| Loaf of Fresh White Bread (500g) | $ 1.66 |
| Eggs (regular) (12) | $ 3.69 |
| Local Cheese (1kg) | $ 13.36 |
| Water (1.5 liter bottle) | $ 0.91 |
| Bottle of Wine (Mid-Range) | $ 7.46 |
| Domestic Beer (0.5 liter bottle) | $ 1.79 |
| Imported Beer (0.33 liter bottle) | $ 2.50 |
| Cigarettes 20 Pack (Marlboro) | $ 5.52 |
| Apples (1kg) | $ 2.69 |
| Chicken Fillets (1kg) | $ 8.35 |
| Oranges (1kg) | $ 1.86 |
| Potato (1kg) | $ 1.29 |
| Lettuce (1 head) | $ 0.55 |
| Rice (white), (1kg) | $ 2.13 |
| Tomato (1kg) | $ 2.55 |
| Banana (1kg) | $ 1.57 |
| Onion (1kg) | $ 1.06 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.24 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.21 |
| Monthly Pass (Regular Price) | $ 55.23 |
| Gasoline (1 liter) | $ 1.54 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 24 578.71 |
| Taxi Start (Normal Tariff) | $ 8.28 |
| Taxi 1km (Normal Tariff) | $ 2.10 |
| Taxi 1hour Waiting (Normal Tariff) | $ 22.09 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 34 060.38 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 181.86 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 29.35 |
| $ 23.05 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 849.82 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.80 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 63.52 |
| Tennis Court Rent (1 Hour on Weekend) | $ 20.71 |
| Cinema, International Release, 1 Seat | $ 11.05 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 75.49 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 34.15 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 85.92 |
| 1 Pair of Men Leather Business Shoes | $ 94.82 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 400.13 |
| International Primary School, Yearly for 1 Child | $ 7 431.37 |
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.