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Global Properties

3 bedrooms Penthouse in Limassol, Cyprus No. 13305

$ 618 818
19.12.2024 $ 618 817
$ 5 114 per m²
3 Bedrooms
2 Bathrooms
121 Living space, m²
Limassol, Cyprus
Parameters
Bedrooms
3
Bathrooms
2
Living space, m²
121
ID
13305
Type
Penthouse
Property description
Reference ID: #SA34908Price details: €578,000 +VATBuilding is situated in Limassol's city center, just a 15-minute walk from the beach.The development includes one, two, and three-bedroom units, as well as stylish penthouses.This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.Market Insights:Open Market Rentals:* 1-Bedrooms: €2,000 - €2,200 per month.* 2-Bedrooms: €2,700 - €2,900 per month.* Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth.* Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.Location Benefits:* Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links.* Accessibility: Easy access to the motorway Investment Highlights:* High Demand: Central location ensures high demand for both long-term and short-term rentals.
* Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.Covered area: 96 sq.m.Covered veranda: 25 sq.m.Roof garden: 36 sq.m.PLUS V.A.T

Reference number: SA34908
Property area: 121 m2
Type: Penthouse
Floor: 3rd
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Storage room, Balcony
Air conditioning: No
Energy Efficiency: N/A
Bedrooms: 3
Square meter price: €4.777 /m2
Bathrooms: 2:
Features
Features
  • Air Conditioners
  • Unfurnished
Statistics Limassol
$ 5 593
Price per m²
161
Quality of Life Index
64
Cost of living Index
Parameters
[:second_city:]
Limassol
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 625
2-Room Apartment
$ 1 345
Apartment Purchase Price per m²
In the City Center
$ 5 593
Outside the City Center
$ 4 486
Crime Index
39
Cost of Living and Rent Index
53
Purchasing Power Index
111
Property Price to Income Ratio
9
Safety Index
61
Traffic CO₂ Index
3676
Traffic Inefficiency Index
116
Rent Index
38
Health Care Index
51
Groceries Index
57
Pollution Index
60
Traffic Commute Time Index
23
Restaurant Price Index
71
Climate Index
96
Cost of Living Index
64
Quality of Life Index
161
Traffic Index
99
Restaurants
Meal, Inexpensive Restaurant
$ 23.55
Meal for 2 People, Mid-range Restaurant, Three-course
$ 82.41
McMeal at McDonalds (or Equivalent Combo Meal)
$ 9.42
Domestic Beer (0.5 liter draught)
$ 4.71
Imported Beer (0.33 liter bottle)
$ 5.89
Coke/Pepsi (0.33 liter bottle)
$ 2.12
Water (0.33 liter bottle)
$ 1.22
Cappuccino (regular)
$ 4.18
Markets
Milk (regular), (1 liter)
$ 2.04
Loaf of Fresh White Bread (500g)
$ 2.23
Eggs (regular) (12)
$ 4.37
Local Cheese (1kg)
$ 13.43
Water (1.5 liter bottle)
$ 1.14
Bottle of Wine (Mid-Range)
$ 9.42
Domestic Beer (0.5 liter bottle)
$ 1.80
Imported Beer (0.33 liter bottle)
$ 2.85
Cigarettes 20 Pack (Marlboro)
$ 6.21
Apples (1kg)
$ 3.48
Chicken Fillets (1kg)
$ 9.27
Oranges (1kg)
$ 2.79
Potato (1kg)
$ 1.92
Lettuce (1 head)
$ 1.21
Rice (white), (1kg)
$ 3.20
Tomato (1kg)
$ 3.38
Banana (1kg)
$ 2.34
Onion (1kg)
$ 1.77
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 14.52
Transportation
One-way Ticket (Local Transport)
$ 2.35
Monthly Pass (Regular Price)
$ 47.09
Gasoline (1 liter)
$ 1.69
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 29 434
Taxi Start (Normal Tariff)
$ 8.24
Taxi 1km (Normal Tariff)
$ 2.27
Taxi 1hour Waiting (Normal Tariff)
$ 35.32
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 32 514
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 231
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.15
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 24.96
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 2 964
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
4%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 96.27
Tennis Court Rent (1 Hour on Weekend)
$ 32.15
Cinema, International Release, 1 Seat
$ 11.77
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 99.64
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 56.05
1 Pair of Nike Running Shoes (Mid-Range)
$ 115
1 Pair of Men Leather Business Shoes
$ 134
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 694
International Primary School, Yearly for 1 Child
$ 10 207
John Lewis
Bezino Trading Ltd
Contact seller
John Lewis
Bezino Trading Ltd
Contact seller

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