Situated in a quiet residential area of Deryneia, this substantial property offers a wealth of possibilities for both residential living and investment.

Set on a generous 447m² plot, the property has a total covered area of 238m² and is arranged over two floors, with each floor offering an independent apartment and its own private entrance.

Ground Floor Apartment – 119m²

The ground floor apartment comprises two double bedrooms, with the possibility of utilising the spacious entrance hall as an additional third bedroom. It also features a large living room with access to a covered front veranda, a generously sized kitchen with direct access to the rear garden, fitted bedroom wardrobes, a family bathroom, separate WC and an additional shower.

The apartment would benefit from renovation and modernisation, giving the new owner the opportunity to redesign the space to suit their requirements.

First Floor Apartment – 119m²

Accessed via its own private entrance and internal staircase, the upper apartment is ready for immediate occupation.

It offers a spacious open-plan living, dining and kitchen area, with access to covered verandas at both the front and rear. There are three generously sized bedrooms, all with fitted wardrobes and veranda access. Two bedrooms have en-suite facilities, in addition to a separate family bathroom.

Outside

The property occupies a 447m² plot with established trees and plants, creating a pleasant outdoor setting. There is also a garage and additional off-street parking.

Investment Potential – More Than Just a Family Home

One of the most appealing aspects of this property is the flexibility it offers to investors.

The first-floor apartment could be retained as a spacious three-bedroom home, either for personal residential use or as a long-term or holiday rental.

The ground floor presents another interesting opportunity. With some redesign and renovation, the existing accommodation could potentially be converted into two or three individual letting rooms with a shared communal kitchen and facilities. This could offer an alternative rental concept for long-term accommodation or potentially short-term holiday lets, subject to the relevant planning, building and licensing requirements.

Alternatively, both apartments could be rented independently, providing two separate sources of rental income.

Whether you are looking for a substantial family home, accommodation for extended family, a property with rental potential or an investment project with scope for redevelopment, this property offers plenty of options.

Property Details

• Total covered area: 238m²

• Plot size: 447m²

• 5 bedrooms

• Ground floor 2 bathrooms / 1st floor 3 bathrooms

• Two independent apartments with separate entrances

• Ground floor built in 1965

• First floor added in 1987

• Covered verandas

• Established garden

• Garage and off-street parking

• Offered unfurnished

• Land Title deeds

A versatile property with space, flexibility and exciting possibilities for the right buyer.