3 bedrooms Apartment in Paphos, Cyprus No. 65105
ID65105
$ 638 476
Property description
Three Bedroom Penthouse For Sale in Kato Paphos, Paphos - Title Deeds (New Build Process)This is a new luxurious contemporary designed complex, consisting of one & two-bedroom apartments on the 1st and 2nd levels and a spacious three bedroom penthouse apartment occupying the top 3rd level, all serviced by an elevator, communal pool with changing facilities and a designated on-site private parking & lock-up storage area.
The development is conveniently located downtown Kato Paphos, the heart of the Paphos touristic area, minutes walk to all major amenities such as the Paphos harbour, restaurants, coffee shops, bars, and the Kings Avenue Mall, whilst only 500m walking distance stroll to the sea.
The flexible, open plan layouts and wide surfaces make the spaces feel vast and hospitable, with the large openings, blending the interior with the outside. Simple clean lines with a luxurious finish creating a welcoming modern interior.
The unbeatable location makes this an ideal investment for either buy to let or permanent living.
- Three bedrooms with fitted wardrobes
- Open plan living - dining area
- Modern kitchen
- One family bathroom and master bedroom with ensuite
- Guest WC
- High-quality ceramic tiles
- Provisions for air-conditioning
- Unfurnished
- Storage room
- Allocated parking space
- Communal swimming pool
- Walking distance to amenities
- Sea view
- Internal area 119 m2
- Covered veranda 29 m2
- Uncovered veranda 10 m2
- 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
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)
* Communal Swimming Pool
* Luxurious Contemporary Designed Complex
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* Off Plan - Completion 18 Months
* Energy Efficiency TBC
Kato Paphos
Kato Paphos
County: Paphos
Sale Type: For Sale
Ref #: MSP063N3P
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 924.39 |
| Apartment (1 bedroom) Outside of Centre | $ 751.54 |
| Apartment (3 bedrooms) in City Centre | $ 1 775.94 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 468.71 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 2 593.68 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 1 533.13 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 31.94 |
| Cost of Living and Rent Index | 37.33 |
| Purchasing Power Index | 81.64 |
| Property Price to Income Ratio | 6.37 |
| Safety Index | 68.06 |
| Traffic CO₂ Index | 3952.00 |
| Traffic Inefficiency Index | 114.19 |
| Rent Index | 23.77 |
| Health Care Index | 70.76 |
| Groceries Index | 47.54 |
| Pollution Index | 31.54 |
| Traffic Commute Time Index | 20.29 |
| Restaurant Price Index | 50.36 |
| Climate Index | 96.66 |
| Cost of Living Index | 48.03 |
| Quality of Life Index | 184.87 |
| Traffic Index | 98.34 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.46 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 61.84 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 7.47 |
| Domestic Beer (0.5 liter draught) | $ 3.30 |
| Imported Beer (0.33 liter bottle) | $ 3.61 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.07 |
| Water (0.33 liter bottle) | $ 1.20 |
| Cappuccino (regular) | $ 3.40 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.52 |
| Loaf of Fresh White Bread (500g) | $ 1.55 |
| Eggs (regular) (12) | $ 3.81 |
| Local Cheese (1kg) | $ 15.07 |
| Water (1.5 liter bottle) | $ 0.93 |
| Bottle of Wine (Mid-Range) | $ 6.70 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 2.11 |
| Cigarettes 20 Pack (Marlboro) | $ 5.15 |
| Apples (1kg) | $ 2.57 |
| Chicken Fillets (1kg) | $ 8.04 |
| Oranges (1kg) | $ 2.24 |
| Potato (1kg) | $ 1.30 |
| Lettuce (1 head) | $ 0.79 |
| Rice (white), (1kg) | $ 2.13 |
| Tomato (1kg) | $ 3.50 |
| Banana (1kg) | $ 1.56 |
| Onion (1kg) | $ 0.99 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.99 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.06 |
| Monthly Pass (Regular Price) | $ 51.53 |
| Gasoline (1 liter) | $ 1.45 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 22 932.56 |
| Taxi Start (Normal Tariff) | $ 5.15 |
| Taxi 1km (Normal Tariff) | $ 1.96 |
| Taxi 1hour Waiting (Normal Tariff) | $ 18.96 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 31 779.21 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 181.64 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 34.70 |
| $ 21.08 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 619.58 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.01 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 59.63 |
| Tennis Court Rent (1 Hour on Weekend) | $ 19.33 |
| Cinema, International Release, 1 Seat | $ 10.31 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 81.17 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 51.53 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 102.81 |
| 1 Pair of Men Leather Business Shoes | $ 87.61 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 396.81 |
| International Primary School, Yearly for 1 Child | $ 6 982.84 |
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.