3 bedroom villa for sale in Peyia, Paphos, Cyprus.
A 3 bedroom villa with adjoining annexe (4 bedrooms) in Peyia. This well maintained detached villa is located on the lower side of the Peyia neighborhood. The location of this property is close to various amenities such as restaurants, bars, banks and tavernas. Among others, it is just a 5-minute drive from the sea and the city center. You can enjoy the sandy beaches, which have been awarded the EU blue flag for clean waters. Peyia is just a stone's throw away from famous areas such as Coral Bay, which means you can enjoy the traditional culture of Cyprus while enjoying modern amenities. This property has a double garage and has a low class garden which is carefully planted around the pool. Externally, the property has a large private pool where you can enjoy sunbathing in particular while enjoying pool days. The pool area is spacious and has the potential to install a pergola to enjoy this outdoor space. There is also an outdoor shower. Entering the detached villa, you enter into the living room which flows into the dining room and then into the separate kitchen. The separate kitchen which has storage and space for a fridge freezer. There is a guest toilet with shower room on this level. The living areas open out onto the outside veranda, where you have space to host guests or use this space for relaxing. Walking up the stairs you enter the 3 spacious bedrooms. As you enter the master bedroom, there is an en-suite bathroom with a walk-in shower to the left and further on are the door-entrance to the balcony. The master bedroom shares a balcony with the second bedroom. The spacious balcony is a place where you can share a cup of coffee with loved ones while watching the sun sink into the ocean. The second and third bedrooms share a family bathroom. Going down to the basement, you enter the utility room, which has space for appliances such as a washing machine and dishwasher. There is also a separate room that can be used as a fourth bedroom. There is a door leading to a spacious double garage which can park two cars. The driveway is gated and has room to park additional cars. There is also a separate mechanical room with additional storage space. This property is an investment opportunity - its location is ideal, the property and lot are spacious, plus with some effort this could become an immaculate villa. The main features of this property include a large plot of land, largePrivate pool, large balcony with partial sea view, air conditioning, private parking/double garage, fully furnished'.
Characteristics
Property type
All Types
Object type
House
Price
515 266 $
FAQ
How can I get a residence permit by buying property in Cyprus?
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Peyia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Cyprus?
Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in Cyprus?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in Cyprus?
A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in Cyprus?
Yes. Rental income tax is 5–25% depending on the regime. In Peyia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (515 266 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Cyprus?
A typical transaction runs 30–90 days, averaging 45 in Peyia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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