Residential Plot With Existing Bungalow For Sale In Chloraka, Paphos, Cyprus(650 Sq.m) 650m²

Residential Plot with Existing Bungalow for Sale in Chloraka, Paphos, Cyprus(650 Sq.m) Location: Situated in a quiet cul-de-sac in the sought-after area of Chloraka, Paphos, the property offers a peaceful residential setting while being conveniently close to all essential amenities. Within walking distance, you’ll find a bus stop, pharmacy, bakery, supermarket, and other everyday services. The beach is just 2.8 km away, making it easy to enjoy the coastal lifestyle, whether for permanent living, holiday use, or rental potential. Chloraka’s strategic location between Paphos town and Coral Bay adds further value, offering both tranquility and accessibility. Property Overview: An excellent development opportunity in one of Paphos’ most desirable residential areas. This 650 sq.m residential plot is located in a quiet cul-de-sac in Chloraka, offering privacy and easy access to essential services. The plot falls entirely within the Κα6α residential planning zone, allowing a building density of 90%, a coverage ratio of 50%, and construction up to 2 floors or 10 meters in height – suitable for maisonettes, apartments, or detached houses. The property includes an existing 2-bedroom bungalow (approx. 60 sq.m) with clear title deeds, valid building permits, and approved architectural plans. It is a rare find that combines existing structure and full development flexibility. Price: €265,000 (Negotiable) Location: Chloraka, Paphos, Cyprus Plot Area: 650 sq.m Planning Zone: Κα6α Affected Percentage: 100% Building Density: 90% Coverage Ratio: 50% Maximum Floors: 2 Maximum Height: 10 meters Total Buildable Area: 585 sq.m Key Features: ✅ 100% of the plot falls under Κα6α planning zone ✅ Build up to 585 sq.m over 2 floors ✅ Existing 2-bed bungalow (~60 sq.m) with permits and plans ✅ Located in a peaceful cul-de-sac in Chloraka ✅ Close to all amenities: bus stop, pharmacy, bakery, supermarket ✅ Only 2.8 km to the beach – ideal for residential or tourist use ✅ 83 sq.m green area within the plot, with water supply from the local council for irrigation ✅ Underground water source available via perforation – ideal for garden or pool use ✅ Professionally valued by two independent valuation firms (documents available) Development Options: Renovate the existing bungalow for long-term rental or Airbnb. Demolish and build new – ideal for a new housing or apartment project. Extend the current property to create a larger private residence. Investment Potential: This plot presents a highly versatile investment opportunity with strong potential for capital appreciation and income generation. Whether you are looking to renovate, build, or develop multiple units, the flexible zoning and superb location make it an ideal choice. Contact us today for more details, to request the valuation reports or building plans, or to schedule a site visit.