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: €445,000
Own Contribution (25%): €111,250
Loan Amount (75%): €333,750
Interest rate: 2%
Years of repayment: 30 years
Bungalow (ground floor) villa in Strovolos that needs renovation. Located at the area behind Agrotis Bookshop, only at 130m distance from the famous Pedieos River Park and just on the entrance of Nicosia city center. Spacious plot with 651m² area, 20m street frontage and east orientation. The house has 217m² internal area, plus 27m² the auxiliary building and 14m² covered verandas. It is all ground floor and consists of a living and dining room as an open space, another sitting room, separate kitchen with eating area, a storage, a guest WC, a full bathroom, 3 bedrooms, 3 covered verandas and a covered parking. It needs renovation and a pool can be made in the yard since there is a lot of unused land. Build initially in 1966 and renovated in 1997. It is in zone with 100%, so another 2 floors can be added to the building and there is another 400m² unused building coefficient.