Residential Land For Sale In Tsada, Paphos, Cyprus(2054 Sq.m) 2054m²

Residential Land for Sale in Tsada, Paphos, Cyprus(2054 Sq.m) Location and Surrounding Area: Tsada is a highly sought-after village located in the Paphos District, a region renowned for its natural beauty, rich history, and vibrant culture. Positioned just a short drive from Paphos city center and the coastline, the plot offers the perfect balance between rural tranquility and easy access to urban amenities. Distance to Paphos Town: Approximately 15 minutes by car Distance to Paphos International Airport: Approximately 25 minutes by car Distance to the nearest beach: Approximately 15-20 minutes by car Tsada is well-known for its cooler climate due to its elevation, making it a particularly desirable location for those wishing to escape the hotter coastal areas during the summer months. The area also offers a relaxed village atmosphere, making it perfect for those seeking a peaceful retreat while still being close to the action. Introduction to the Land: We are delighted to present an excellent opportunity to acquire a prime residential plot of land located in the peaceful village of Tsada, Paphos. This property, set within a serene and natural environment, is an ideal choice for those seeking to build a family home or invest in Cyprus’s flourishing real estate market. Property Overview: Location: Tsada, Paphos District, Cyprus Plot Registration Number: 0/11379 Property Type: Residential Land with various mature trees Planning Zone: Η3 (Residential Zone) Affected Percentage: 100% Building Density: 60% Coverage Ratio: 35% Maximum Number of Floors: 2 Maximum Building Height: 8.3 meters Land Features: This residential plot offers a range of benefits, with its mature trees providing an inviting natural environment. The land is set in a tranquil area, ensuring privacy while also being conveniently close to the amenities of the larger Paphos area. The plot enjoys full development rights within the Η3 residential zone, allowing for the construction of residential properties tailored to individual preferences. Key features of the plot include: Full utilization rights: The 100% affected percentage means the entire plot is available for development under the Η3 planning regulations. Building Density of 60% and a coverage ratio of 35% allow for substantial development, making this land ideal for both single-family homes or larger residential projects. The maximum height of 8.3 meters and the allowance for two floors provide a range of design options for future development, from luxurious villas to multi-unit housing. The plot is currently adorned with various trees, contributing to its natural beauty and ensuring an established, green environment. With some careful planning, it can be developed into a beautiful residential property or holiday retreat. Investment Opportunity: Cyprus’s real estate market has been gaining momentum, driven by increased demand for both residential properties and holiday homes. The country’s attractive tax incentives, combined with its strategic location in the Mediterranean, make it an appealing destination for both local and international buyers. Investing in Tsada presents several compelling opportunities: Strong Growth Potential: Paphos is seeing continued development, particularly in its residential sectors. As demand for properties in the area increases, owning land in Tsada places you at the heart of this growing market. High Rental Yield Potential: With Paphos being a major tourist destination, properties in the region offer strong rental yields, particularly from holiday homes. This land could be developed into a boutique villa or apartment complex, catering to both tourists and long-term residents. Quality of Life: The combination of a rural setting with proximity to urban amenities makes Tsada a highly attractive area for expatriates and retirees looking for a peaceful, high-quality lifestyle. This makes the property not only an excellent development opportunity but also a location with long-term residential appeal. Cypriot Residency Programs: Cyprus offers attractive residency programs, including Cyprus Permanent Residency for property buyers, which could appeal to international buyers looking for an EU-based residence. Valuation & Financials: Government Assessed Value (as of 01/01/2021): €153,800 Government Assessed Value (as of 01/01/2018): €153,800 Current Asking Price: €220,000 The plot's current valuation reflects its prime location and the potential for significant development. Given its growing demand and excellent location, this is a solid investment opportunity in the Cypriot real estate market. For more information, to schedule a site visit, or to discuss how this property could fit into your investment portfolio, please do not hesitate to contact us.