Hidden Gem of the Mediterranean
Address: North Cyprus / Kyrenia / Karsiyaka - 175,000 - 249,000 GBP
North Cyprus / Kyrenia / Karsiyaka
175,000 - 249,000 GBP
Nestled in the scenic mountainside of Kyrenia, Karsiyaka, Aura Residence seamlessly blends natural beauty with contemporary design.
This exquisite collection of 88 one and two-bedroom apartments offers spacious garden and penthouse units with breathtaking views of the Mediterranean Sea, all framed by the lush greenery of Kyrenia’s mountains.
While enjoying the tranquility of mountainside living, Aura Residence is ideally located, with easy access to local beach clubs, restaurants, hotels, and supermarkets within a 10-minute drive, and just 20 minutes from the vibrant tourist hub of Kyrenia. Aura Residence provides an exclusive, high-end resort lifestyle in a boutique setting. On-site amenities include a Mediterranean grill restaurant, an Olympic-sized communal pool, a gym, a hammam, spa, and a heated swimming pool for year-round enjoyment.
1+1
Purchase Price £175,000
Total Square Meterage 70
Price per square metre £2,500
Price per square metre based on comparables^ £2,800
Projected Market Value based on comparables^ £196,000
Discount to market comparables 12%
Reservation Deposit £2,000
35% deposit on exchange of contracts (minus reservation deposit) £59,250
65% payable across 24-month construction period (Quarterly) £113,750
Gross Rent Monthly £2,160
Gross Rent Annually £25,920
Utility Fees £100
Maintenance Fee £100
Full Management Fee (25%) £540
Holiday Rental Income Tax (13%) £281
Net income Monthly £1,139
Net Income Annually** £13,670
Net Yield** 8%
2+1
Purchase Price £249,000
Total Square Meterage 90
Price per square metre £2,767
Price per square metre based on comparables^ £3,160
Projected Market Value based on comparables^ £284,400
Discount to market comparables 14%
Reservation Deposit £2,000
35% deposit on exchange of contracts (minus reservation deposit) £85,150
65% payable across 24-month construction period (Quarterly) £161,850
Gross Rent Monthly £2,970
Gross Rent Annually £35,640
Utility Fees £100
Maintenance Fee £120
Full Management Fee (25%) £743
Holiday Rental Income Tax (13%) £386
Net income Monthly £1,621
Net Income Annually** £19,457
Net Yield** 8%
Türkçe
Russian