Located in a peaceful cul-de-sac in the desirable area of Chloraka, this 2-bedroom bungalow presents a rare opportunity for renovation or redevelopment. Just a short walk from Chloraka's main strip, residents will enjoy convenient access to an array of amenities including shops, cafeterias, kiosks, and more.
The existing property sits on a generous 650 sq.m. plot and falls within the Kα6α residential zone, offering substantial development flexibility with a 90% building density, 50% coverage, allowance for 2 floors, and a maximum building height of 10 meters.
The current structure, approximately 60 sq.m., comprises a lounge and dining area, separate kitchen, two bedrooms, and a family bathroom. While the bungalow requires complete renovation, it offers an excellent canvas for transformation.
Whether you are looking to fully refurbish, extend the existing layout, or demolish and rebuild, either as a modern home or a block of flats (subject to permits), this property has exceptional potential for both personal use and investment.
This is a prime opportunity to create your ideal home or a high-yield development project in one of Paphos’ most convenient and sought-after locations.
The property has Title Deeds.
Chloraka is located 3 km north of Paphos Town and borders the tourist area known as the Tomb of the Kings. It is also home to Akritas Chloraka, a Cypriot Second Division football team. There are many hotels, restaurants and bars in this village which runs along the coast road from Paphos Town to Coral Bay. Chloraka’s location was put on the map in March 1998 when the cargo shop Demetrios II ran aground in heavy seas, the vessel is easily visible and has now become quite a focal point.