4 Bedroom Villa on Double Plot in Oroklini with Title Deeds
Our villa in Cyprus is for sale! It is on a large plot in a prime location overlooking Oroklini Lake. 500m from the beach and close to the highway. The cosmopolitan city of Larnaca is only 5km away and Larnaca international airport is just 15 minutes drive along the highway.
- 830m2 plot
- 159m2 covered area
- 9m x 4.5m swimming pool
- 5KW Solar electricity (PV) grid connected system (FREE electricity!)
- Lake, mountain and sea views
- 500m to the beach, 1km to the highway
- With full title deeds for the plot and property
- FREE High Speed 50Mb Internet (optional, see below)**
Offers in the region of €430,000*
The property is being advertised with local agents for €430,000. The price is negotiable.
*The exterior of the villa requires some repair work and painting which is reflected in the asking price.
This 17 year old property has great potential as it is located on a very large plot. It is halfway between the village of Oroklini and the sea front on the outskirts of the Oroklini Tourist Area (view location on Google Maps). The villa has raised views across Oroklini lake towards the mountains to the west and a sea view to the east. The beach is just a 500 metre walk away.
Double Plot – 830m2
The developers original plans for this double plot included another property next to this one as can be seen in the artists rendering below. The build density for the plot is 35%. This means the current property could be extended to 290m2 or another building up to 130m2 could be built.
Transfer Fees & Stamp Duty
The buyer will be responsible for paying the Stamp Duty and Transfer Fees in order for the title deeds to be transferred into their name. Based on a selling price of €430K this will be approximately €14,500 for an individual or €11,000 in joint names. Details of costs can be found here: Cyprus Property Purchase Tax Calculator.
Downstairs consists of large open plan living, dining and reception areas and a large kitchen with an adjoining utility room and cloakroom/WC. Upstairs are four double bedrooms, three of which have built in wardrobes and aluminium blackout shutters. There is a family bathroom and an en-suite shower room to the master bedroom. Enclosed storage areas are located above the bathroom and en-suite.
Location on Google Maps
The exterior of the property currently requires repair work as follows and this is reflected in the asking price.
- Cracks in the rendering on the front and north side
- Roof soffits/fascias require re-plastering
- Repainting of external wall surfaces
- Some of the double glazed windows have internal misting from condensation
The cost of the work has been estimated as €5K-10K depending on the style of rendering and finishing
** Free High Speed Broadband Internet
The property currently hosts a substation for a wireless internet service provider. This consists of a number of antennas on a mast on the roof. In return for providing the minimal electricity for this they provide a completely free unlimited high speed internet connection (50Mb download, 10Mb upload) valued at over €600 a year. However, should the buyer not wish to have this the antennas are easily removed.