€ 150,000

Residential land in Phini village with Plans for 3 Houses – Excellent Investment Opportunity

For Sale or Exchange

A residential land located in the beautiful and lush surroundings of Phini village, offering an excellent opportunity for residential development or investment. The property is situated relatively close to the centre of the community, with access to a main registered road within approximately 1 minute.

The property offers the potential to develop 3 residential units, as the owners have already proceeded with architectural planning . The existing plans provide for three single-storey, 2-bedroom houses. However, the design has not finalised, giving the new owner the flexibility to modify the architectural plans and layout according to their own needs and preferences.

Planning Zone & Development Potential

The property falls within Residential Planning Zone H6α, with:

Building Density: 25%

Coverage: 15%

Maximum Height: 8.30 m

Maximum Floors: 2

The land provides approximately 22 m frontage and 68 m depth and abuts a registered asphalt road. Water and electricity services are available adjacent to the property.

Important Information Regarding the Land extent

Following a recent survey and land measurement, the actual area of the property has been established at approximately 1,800 m², rather than the area currently stated on the title deed and in the original property description.

The title deed may need to be updated to reflect the actual measured area prior to the sale. Interested parties can be provided with further information regarding the matter and the relevant procedure.

Although the level of the land is considerably lower than the level of the registered road, there is already a house built at the level of the property, with access from the same road. There are also existing residential properties in the wider surrounding area.

Natural Environment

One of the property's greatest advantages is its beautiful natural setting. It is situated in a peaceful and exceptionally green area, surrounded by attractive natural scenery and offering a relaxing atmosphere and a sense of tranquillity.

The location is suitable for those looking for a permanent residence, holiday home, or residential investment development in a traditional mountain environment.

Sale or Exchange

The property is available either for sale or exchange.

The owners are considering an exchange for either:

A residential land or plot in Agros, of approximately similar value, suitable for the construction of one house; or

An older house in Agros, which, following restoration, could potentially qualify to be declared a listed property, subject to the relevant authorities and applicable regulations.

Location – Phini

Phini is located approximately 44 km northwest of Limassol, with a driving distance of approximately 45 minutes from Limassol. The village borders Platres to the east.

A bus stop is located very close to the property, while small traditional tavernas, the community's cultural centre and essential local services are all easily accessible by car.

No VAT is applicable to this property.

An Opportunity with Multiple Possibilities

An interesting proposition for buyers looking for a residential property in one of the area's most beautiful and naturally scenic locations, offering existing architectural planning for 3 houses, flexibility for further design, and significant development potential.

Contact us for further information, whether you are interested in purchasing the property or discussing a possible exchange.