Paphos, Paphos, Cyprus

4896 SQM RESIDENTIAL LAND FOR SALE IN PANAGIA

PRICE REDUCED FROM 103K TO 72K

This residential field is a promising investment opportunity, spanning approximately 4.896 sq.m. in total. Its advantageous location, only 500 meters north-west of the vibrant Pano Panagia community center and conveniently situated around 20km from the motorway, ensures easy accessibility and potential for development.

The property falls within Zone H2, a highly favorable zoning classification, with attractive building regulations. With a generous building coefficient of 90%, there is significant potential for substantial construction on the land. Additionally, a coverage allowance of 50% offers ample space for open areas and landscaping, enhancing the overall appeal of the development.

Investors can capitalize on the approved permission for constructing up to two floors, reaching a height of 8.3 meters. This not only ensures a spacious development but also provides a chance to capture scenic views and create a striking architectural design.

With its prime location and favorable zoning, this residential field offers an excellent canvas for a profitable and well-designed residential project, attracting potential buyers seeking a convenient yet serene living environment. Don't miss this golden opportunity to make a mark in the real estate market with this exceptional property.

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

Panagia is a mountainous picturesque village in Cyprus, located at an altitude of 900m in the Paphos mountain range, at the outskirts of Paphos forest and just 35 minutes from Paphos International Airport. Archbishop Makarios III, the first president of the Republic of Cyprus, was born in Panagia.

Panagia owes its name to the many churches and monasteries, which are in the village or close to it and which are dedicated to our Blessed Virgin Mary. In the centre of the village there is the ancient church of Panagia Eleousa. One mile east of the village is the chapel of Panagia of Sarkas. Half a mile beyond that was another chapel of Panagia of Karyon. One and a half miles southwest of the village is the famous and picturesque monastery of Panagia Chrysorroyiatissa. Fifteen miles east of the village, through the dense forest of Paphos, is the historic and famous Byzantine Monastery of Panagia of Kykkos. So the village of Panagia village is among five churches dedicated to Saint Mary, from which the village took the name. Many times we can find it by the name "Pano Panagia", as it’s one of the tallest areas of the Paphos district.

Buy Cyprus LTD a leading and esteemed fully accredited Estate Agent, proudly holding registration number 1014 with the Cyprus Real Estate Agents Association and license number 477/E. With nearly three decades of unwavering commitment in the Cyprus and UK real estate markets, Buy Cyprus stands as the epitome of trustworthiness, offering top-tier expert services.

Paphosproperties has seamlessly integrated with Buy Cyprus LTD, becoming an integral part of our number one leading agency. Together, we share in this legacy of excellence, with our unwavering focus on exceeding customer expectations. We ensure that both buyers and sellers receive unparalleled care and dedication, drawing upon our profound understanding of the Cyprus Real Estate Market to provide objective and impartial advice to our esteemed clientele. With utmost transparency, we deliver honest and precise property information, empowering you to make well-informed decisions with absolute confidence.