The house was developed approximately 15 years ago with the conventional type of construction, namely a reinforced concrete frame, masonry perforated brick walls and an inclined roof with tiles. Externally the house’s walling is widely covered in decorative stone and at some places with ‘grafiato’. According to the official measurements provided to us by the architect of the project, the house boasts a total internal surface of 370m2, 33m2 of maid / pool house, 37m2 of a covered verandas, 16m2 of ancillary spaces and 31m2 of covered parking spaces. The ground floor consists of a generous sitting/dining area, separate living room area, an office, separate kitchen with casual living room and dining area, auxiliary kitchen and laundry room, machine and boiler room, guest WC, as well as covered parking space with sperate access to the house and lastly a covered veranda accessible form the kitchen and the dining area.
The floor is accessible through internal staircase and comprises 5 bedrooms with the master bedroom enjoying an ensuite walk in closet and WC with bathroom and shower, 2 further WC with bathroom and an open space casual sitting area. On the outdoor area of the house, there is a 10×5 swimming pool with electronic pool cover functionality, large paved yard, a well maintained and mature landscaped garden on the southwest part of the plot, pergola on the northeast part of the house that houses the BBQ area and external WC and shower and finally covered and uncovered parking spaces for 4 cars. There is also peripheral fencing with landscaped mature trees providing privacy and security. The house has 2 large VRV airconditioning units (one for each floor), some additional air conditioning split units in some areas and ceiling fans throughout the house. Additionally, there is electrical underfloor central heating with water heat pump. The house also has a vast 10KW photovoltaic panel installation, solar panels and element for heating the water, water pressure system, water purifier, fire detection system and alarm. There are false ceiling installations throughout the house with hidden dimmable lighting, speakers and air-conditioning ventilation. There are also 2 fireplaces, one in the casual living room and one in the kitchen area. The flooring throughout the house is covered with top quality well maintained solid wood parquet, very good quality ceramic tiles in the WC and decorative marble was used on the internal walling of the bathrooms. The kitchen’s counters are of good quality off white granite, and the white goods are again of top quality. The windows are double glazed in aluminium frames and there are hidden curtain installations throughout. The wooden installations of the house such as the cupboards, closets and internal doors are again of top quality.
The property relates to a 5-bedroom luxurious house with an additional maid’s / pool house developed somewhat 15 years ago and was found in a very good condition and state of repair located in a prestigious residential micro location of the Egkomi municipality in Nicosia. It is a high-quality asset that appeals and is directed to higher income class investors, embassies or high net worth individuals. Albeit the limited availability of investors for such a property, traditionally it is observed that there is a steady demand with limited supply of such properties that are usually directed to foreign high net worth individuals. 4.2 Advantages / Disadvantages of the property Advantages ▪ Good residential micro-location ▪ Top quality materials were used ▪ Very good state of repair and maintenance ▪ Well maintained mature garden ▪ Has a pool ▪ Has a 10kw photovoltaic panel installation
Has VRV air conditioning and underfloor electrical central heating with heat pump ▪ Separate maid’s house ▪ Spacious parking places
The plot size is double 861m2 and the house boasts a total internal surface of 370m2, 33m2 of maid / pool house, 37m2 of a covered verandas, 16m2 of ancillary spaces and 31m2 of covered parking spaces.