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Historic Ten-Bedroom House for Renovation in Giolou Village

€149,950

Paphos, Cyprus

  • 10

    bedrooms

  • 3

    bathrooms

  • 720 m²

    plot

  • House

    property type

  • 3 days ago

    listed

The Habio take

AI summary

This traditional stone villa in Giolou village features ten bedrooms and a spacious plot of 720 square metres, making it an excellent investment opportunity. Located near Paphos, it offers a blend of village charm and access to modern amenities.

  • village
  • investment
  • renovation
  • quiet

Highlights

  • Ten bedrooms with potential for transformation
  • Large plot with development permissions
  • Proximity to Paphos and local amenities
  • Potential financial aid for renovations
  • Rich local culture and active community

Worth knowing

  • Requires extensive renovation
  • Older property characteristics may not appeal to everyone

Good fit for: Ideal for investors or restoration enthusiasts seeking a project with historical charm.

Lifestyle scores

Beach
40
Walkable
60
Remote work
60
Family
50
Retirement
65
Airport access
70
Investment
70
Luxury
50
Value
80

About this place

This historic stone villa, built approximately 120 years ago, is located in the heart of Giolou village near Paphos, Cyprus. The property comprises ten bedrooms, three bathrooms, and is set on a generous plot of 720 square metres, providing ample space for development with permission for 120% additional build.

Currently, the dwelling includes three interconnected cottages retaining their original design elements, ideal for renovation enthusiasts looking to restore them to their former glory. The surrounding gardens boast fruit trees such as citrus, olive, and mulberry, offering peaceful shaded areas.

Situated in a developing suburb with a strong community presence, Giolou offers local amenities such as cafes, taverns, and regular cultural events. Moreover, the vibrant resort of Paphos, known for its stunning beaches and numerous attractions, is a short distance away. The property also has the compelling advantage of potential financial support from local authorities covering up to 70% of renovation costs, making it a worthwhile investment opportunity.

What this place offers

  • garden
  • parking
  • private garden
  • gated residence

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