If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Assumptions: Closing Price: €59,000 Own Contribution (30%): €17,700 Loan Amount (70%): €41,300 Interest rate: 3.2% Years of repayment: 15 years
Plot/Land Size: 263sqm
This plot is a 1/2 share of a plot in Geroskipou, Paphos.
Located c. 300m southwest of Geroskipou A’ primary school and 1,4km north of the center of Geroskipou.
It has an area of 263sqm (1/2 share of 525sqm). The plot benefits from c. 38m road frontage along a registered road on its north and west border. No distribution agreement is in place. The asset is subject to a compulsory purchase.
The immediate area comprises of residential developments as well as some undeveloped parcels of land.
The asset falls within residential planning zone Κα5 with 100% building density, 50% coverage, 2 floors and a maximum height of 8,3m.