2 Bedroom House

An excellent opportunity to acquire an existing semi-detached house situated on a generous 461 m² plot in the highly sought-after area of Egkomi, Nicosia.

The property offers buyers the flexibility to choose between renovating the existing house and transforming it into a comfortable modern residence, or taking advantage of the substantial plot to demolish and develop a brand-new home, subject to the necessary planning and building approvals.

The location adds significant appeal, as the property is strategically positioned between two major universities, making it an interesting option not only for private residential use but also for investors exploring the potential of student accommodation, subject to planning permissions and applicable requirements. There may also be government subsidy opportunities for eligible student accommodation developments.

Surrounded by established homes and located close to a wide range of amenities, the property combines the established character of Egkomi with the flexibility to create something entirely new.

Property Highlights:
- Plot size: 461 m²
- Existing property: Semi-detached house
- Price: €450,000
- Option to renovate the existing residence
- Option to demolish and build a new property, subject to approvals
- Prime location between two universities
- Potential for private residential or investment development
- Potential student accommodation opportunity
- Established residential neighbourhood
- Close to shops, cafés, restaurants, schools and everyday amenities
- Easy access to central Nicosia and major road networks

Whether you are looking for a renovation project, a future family home, or an investment development opportunity, this property offers the flexibility to shape the site according to your vision.

Contact MPA Property today to arrange a viewing and explore the possibilities this unique property has to offer.