5 bedrooms House for sale in Nicosia, Cyprus by Bezino Trading Ltd No. 72588

Property description

Prime Plot for Sale in Nicosia's Most Vibrant and Upcoming Residential Area:

Discover the unparalleled opportunity to own a prime piece of real estate in the heart of Nicosia! Located at the serene end of Kyriakou Matsi Street, this 523 sqm plot is perfectly situated in a quiet, tree-lined area just steps away from the Presidential Palace, prestigious international schools, and all essential amenities.

*Endless Possibilities for Development:

This plot boasts a charming 380 sqm residence that offers limitless potential. Renovate the existing structure into a luxurious private home, or take advantage of its exceptional zoning and permits to develop modern residential apartments tailored to Nicosia's growing community of vibrant young professionals. With 160% building density and the rare privilege of six floors high (thanks to an approved Transfer of Development Rights from an old city property), this plot allows for a maximum development size of 826 sqm—ideal for innovative urban living spaces.

*A Boulevard Transformed:

Kyriacos Matsi Street has recently undergone a remarkable transformation into a picturesque boulevard. Enjoy wide sidewalks, modern light poles, underground electric cables, and an array of wooden benches that invite relaxation and community engagement. This beautifully planned street embodies the future of Nicosia's prime residential neighborhoods, offering the perfect blend of tranquility and urban convenience.

*Strategic Location, Unmatched Appeal:

This property is strategically positioned for easy access to Nicosia's commercial core, making it an ideal investment for both residents and developers. Surrounded by modern urban planning and a thriving community, it offers a peaceful escape without compromising connectivity.

*Why This Plot?

Rare permit for increased build density and extra floors

Exceptional location near international schools and the Presidential Palace

A revitalized street reflecting the future of prime Nicosia living

Ideal for luxurious private living or modern apartment development

This is an opportunity to secure a plot with exceptional potential in Nicosia's most desirable up-and-coming area. Whether you're a developer or looking to create your dream home, this property offers the canvas for endless possibilities.

Contact us today to schedule a viewing and take the first step toward transforming this unique property into a thriving urban masterpiece!

Location:

Coordinates

Property area: 390 m2
Type: Detached house
Parking: Covered
Condition: Under construction
Plot area: 523 m2
Furnishing: Unfurnished
Included: Garden, Storage room
Postal code: 1025
Construction year: Older
Online viewing: Yes
Air conditioning: No
Energy Efficiency: A
Bedrooms: 5
Square meter price: €1.538 /m2
Bathrooms: 3:

Parameters	Nicosia
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 672.91
Apartment (1 bedroom) Outside of Centre	$ 553.51
Apartment (3 bedrooms) in City Centre	$ 1 314.78
Apartment (3 bedrooms) Outside of Centre	$ 1 052.59
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 2 661.47
Price per Square Meter to Buy Apartment Outside of Centre	$ 1 954.31

Parameters	Nicosia
Crime Index	30.96
Cost of Living and Rent Index	33.97
Purchasing Power Index	84.27
Property Price to Income Ratio	7.62
Safety Index	69.04
Traffic CO₂ Index	4596.94
Traffic Inefficiency Index	117.15
Rent Index	17.37
Health Care Index	56.55
Groceries Index	45.18
Pollution Index	59.30
Traffic Commute Time Index	24.38
Restaurant Price Index	45.20
Climate Index	86.01
Cost of Living Index	47.05
Quality of Life Index	155.48
Traffic Index	107.94

Parameters	Nicosia
Restaurants
Meal, Inexpensive Restaurant	$ 11.31
Meal for 2 People, Mid-range Restaurant, Three-course	$ 61.72
McMeal at McDonalds (or Equivalent Combo Meal)	$ 7.59
Domestic Beer (0.5 liter draught)	$ 4.11
Imported Beer (0.33 liter bottle)	$ 5.14
Coke/Pepsi (0.33 liter bottle)	$ 1.40
Water (0.33 liter bottle)	$ 0.66
Cappuccino (regular)	$ 3.37
Markets
Milk (regular), (1 liter)	$ 1.80
Loaf of Fresh White Bread (500g)	$ 1.70
Eggs (regular) (12)	$ 3.70
Local Cheese (1kg)	$ 11.43
Water (1.5 liter bottle)	$ 0.88
Bottle of Wine (Mid-Range)	$ 8.23
Domestic Beer (0.5 liter bottle)	$ 1.70
Imported Beer (0.33 liter bottle)	$ 2.82
Cigarettes 20 Pack (Marlboro)	$ 5.14
Apples (1kg)	$ 2.61
Chicken Fillets (1kg)	$ 8.40
Oranges (1kg)	$ 1.75
Potato (1kg)	$ 1.18
Lettuce (1 head)	$ 0.62
Rice (white), (1kg)	$ 2.52
Tomato (1kg)	$ 2.78
Banana (1kg)	$ 1.85
Onion (1kg)	$ 1.26
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 11.79
Transportation
One-way Ticket (Local Transport)	$ 2.47
Monthly Pass (Regular Price)	$ 51.43
Gasoline (1 liter)	$ 1.43
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 26 743.25
Taxi Start (Normal Tariff)	$ 4.37
Taxi 1km (Normal Tariff)	$ 1.54
Taxi 1hour Waiting (Normal Tariff)	$ 51.43
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 27 987.84
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 187.12
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 28.56
	$ 20.89
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 1 515.30
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.53
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 64.72
Tennis Court Rent (1 Hour on Weekend)	$ 29.14
Cinema, International Release, 1 Seat	$ 10.29
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 80.57
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 44.08
1 Pair of Nike Running Shoes (Mid-Range)	$ 75.50
1 Pair of Men Leather Business Shoes	$ 100.93
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 410.29
International Primary School, Yearly for 1 Child	$ 6 826.09

5 bedrooms House in Nicosia, Cyprus No. 72588

Property description

Features