Property 4716 Lofou, Limassol / LIM-PAF-15545
Traditional Stone-built Village Cottage Located In Lofou, Limassol. It Features Two Entrances And A Large Courtyard. Ideal For Renovation Projects.
-83%
Opportunity!
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Limassol Indicative Price
4,571.25 €This Property
759.88 €For Sale • Deal
250,000€
Estimated Mortgage
/month
329
m2
Property Description
On offer is a unique, traditional stone-built village cottage located in the tranquil village of Lofou, which is 20 minutes away from Limassol. The property is situated in a quiet area, providing peaceful living and an authentic taste of Cypriot village life. The house is distinctive, having two entrances and a big courtyard with an original stone arch. The property exudes character and charm, making it ideally suited for those who appreciate the rustic appeal of traditional Cypriot structures.
The house presents a unique investment opportunity. It could be rebuilt into two separate houses, making it perfect for families or for rental income. Alternatively, its unique features and location make it suitable for conversion into a small traditional hotel, adding to the charm of the village. Other potential uses include a library or a tavern, which would certainly enhance the cultural life of the community.
To further enhance its appeal, the government is offering to pay half of the cost for the rebuilding. This house represents a unique opportunity to own a piece of Cypriot history, while also offering significant potential for a variety of uses.
Sustainability
Energy Efficency Rating
No Required/ Pending
Location
43.91 kms
81.75 kms
3.44 kms
3.97 kms
6.95 kms
8.43 kms
8.73 kms
9.48 kms
9.83 kms
2.62 kms
5.70 kms
6.63 kms
7.16 kms
8.49 kms
9.24 kms
Transfer Fees
Transfer Fees Individual
6,600 €
Transfer Fees Joint Names
4,550 €
Stamp Duty
408 €