Investment House with Development Potential in Larnaca
€650,000
Cyprus
3
bedrooms
2
bathrooms
576 m²
plot
House
property type
1 week ago
listed
The Habio take
AI summaryThis 3-bedroom house in Agios Nikolaos, Larnaca, presents a prime investment opportunity, thanks to its expansive 576sqm plot with a building density of 120%. Just a short drive from Finikoudes Beach and major amenities, this property is ideal for development.
- investment
- beach
- city
Highlights
- Prime location in Agios Nikolaos
- Investment opportunity with development potential
- Short drive to Finikoudes Beach
- Close to amenities including shopping and schools
- Scenic views of Larnaca Salt Lake
Worth knowing
- Existing house may require updates or renovations
- Investment potential depends on local development regulations
Good fit for: Ideal for investors looking for a property with development potential in a prime location.
Lifestyle scores
- Beach
- 80
- Walkable
- 60
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 75
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
Located in the highly desirable area of Agios Nikolaos, Larnaca, this 3-bedroom, 2-bathroom house offers a unique investment opportunity. The property features a generous internal area of 206sqm, set within a sizeable 576sqm plot that boasts a building density of 120%. This enables buyers the opportunity to construct a multi-level apartment building of up to three floors, allowing for significant development potential.
The house is in a livable condition, making it comfortable to reside in while planning future developments. Its excellent location provides convenient access to a variety of amenities—just a five-minute drive away is the new Metropolis Mall, as well as major supermarkets and schools. Furthermore, the renowned Finikoudes Beach is only five minutes by car, and Larnaca International Airport can be reached in just 15 minutes. A stunning view of the Larnaca Salt Lake adds further appeal to this property, making it an opportunity not to be missed.
Where you’ll be
Cyprus
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
