If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €149,950
Own Contribution (25%): €37,488
Loan Amount (75%): €112,463
Interest rate: 2.2%
Years of repayment: 30 years
The Property is a semi-detached bungalow property, in a cul de sac area with ten other dwellings. It was completed in December 2007 and the plot measures some 300 metre squared.
There is a large patio area surrounding an 8x4m swimming pool which had a new liner fitted in March 2017. The large patio has plenty of space for a barbecue and sunbathing areas. The back of the property looks out over an olive grove and this land cannot be built on. There is a large glass topped table, chairs and sun brolly. Sun loungers also available for enjoyment around the pool.
There is a large shed for storage and the pool pump housing is in one corner of the patio.
Walls and fencing surrounding the whole of the property and a side entry gate from the driveway where a car can be parked off road.
The front of the property is also walled and fenced and has electric lamps over the entry gates along with the mail box.
The inside of the house has a lounge, leading to a dining area and open plan kitchen with all utilities.
There are two double bedrooms from which the pool side bedroom has an en-suite shower room and toilet, built in wardrobes, and patio doors leading to the pool. The other double bedroom has built in wardrobes and two windows looking out onto the olive grove. There is another shower room and toilet just outside the second bedroom in a small vestibule area which leads back to the lounge. This shower room therefore provides toilet facilities for any day time visitors.
The lounge has patio doors leading onto a small patio area,with table, sun shade and chairs ideal for morning coffee.
There is air conditioning which can be used as heating during the cooler months and facility for the internet service at the property.
It will be sold with “Contents as seen” inside and outside.
A detailed ‘inventory of contents’ and a full ten year ‘history of all repairs’ is carried out.
This property has proved to be a very good investment regarding ‘rentals’ and is also pleasantly situated with regard to residential living and a friendly neighbourhood.
Skarinou is situated at junction 13 on the new motorway and is equi-distance between Larnaca and Limassol.
From Larnaca airport and from Limassol, the drive is approximately 25 minutes.
Skarinou is a small village but has good amenities, including a supermarket, bank and restaurant.