€178,000
Apartment, Famagusta, Frenaros
Condition
Under Construction
Energy
NA
Year built
2025
Features
- Parking
- Garden
Property description
Location • Situated in the tranquil and traditional village of Frenaros, this property provides a peaceful retreat from the bustling tourist centres while remaining conveniently close to them. • Residents will find all essential services nearby, including a selection of supermarkets, local restaurants, reputable banks, and schools, ensuring a comfortable daily life. • The vibrant resort town of Ayia Napa, with its renowned sandy beaches and lively entertainment options, is easily accessible within a short seven-minute drive. • This appealing location offers a perfect balance of serene village living and quick access to the coastal attractions of the wider Famagusta district. • The area is part of a growing residential community, presenting a pleasant and welcoming environment for families and individuals seeking permanent or holiday living. External Features • This ground-floor apartment is distinguished by its expansive private garden, providing a rare and valuable outdoor space for relaxation, gardening, and recreation. • An integrated barbecue area within the garden is perfect for hosting gatherings with friends and family, offering an ideal setting for alfresco dining and entertaining. • The property includes a generous uncovered veranda of over thirty-six square metres, extending the living space outwards and capturing abundant sunlight throughout the day. • A dedicated covered parking space is provided, protecting your vehicle from the elements and ensuring convenient, secure parking right at your doorstep. • Forming part of a modern three-storey building scheduled for completion in 2027, the residence will showcase a clean, contemporary architectural style with quality finishes. Internal Characteristics • The heart of the home is a bright and airy open-plan area that seamlessly combines the living, dining, and kitchen spaces into one sociable and functional hub. • Accommodation comprises two generously sized bedrooms, thoughtfully designed to offer comfort and privacy, with the master bedroom benefiting from its own exclusive ensuite bathroom. • Large double-glazed windows are fitted throughout the apartment, enhancing thermal efficiency while providing excellent sound insulation and allowing natural light to flood the interiors. • A complete provision for air conditioning units ensures that you can easily maintain a comfortable and pleasant indoor climate during both the warm summers and cooler months. • The intuitive layout maximises the use of space, creating a practical and inviting home that feels both spacious and easy to manage for modern living. Advantages - Special Features • As a brand-new construction completed in 2027, this apartment represents a superb investment opportunity, promising significant capital appreciation potential in a developing area. • The building incorporates modern energy-efficient design, featuring a photovoltaic solar panel system for common areas which helps to lower shared utility expenses for all residents. • The unique combination of a ground-floor position with a substantial private garden and barbecue area makes this a highly sought-after property type. • Its versatile nature makes it an excellent choice for a variety of owners, whether as a permanent family home, a lock-up-and-leave holiday retreat, or a high-demand rental property. • Enjoying a private and secure setting within a small, modern development, the residence offers peace of mind while still being just minutes from essential amenities and coastal destinations.
Location
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Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
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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.
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- 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.
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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.