Set in the tranquil village of Siphai, this bungalow sits on a generous plot measuring just over 1,000 square metres and is just minutes away from the beach and the new Karpaz Gate Marina. It comprises of 4 rooms in the main building and 2 further rooms as outbuildings in the back garden. There is plenty of scope to turn this into a good sized family bungalow. Being located in the Karpaz area means that you are in easy reach of some of the most stunning beaches in the whole of the Mediterranean. In need of a makeover but what potential !
The Property This interesting traditionally designed property is ripe for modernization and could be converted into beautiful family bungalow for holidays or full time living. Located in a private position, one of the best features from the bungalow is the stunning sea views. Front entrance door into main salon Salon Access to bedroom 1 and kitchen. Back door to large terrace area and bathroom. Bedroom 1 Large double room with window to front and side Bedroom 2 Large double room with window to rear boasting amazing sea views Kitchen Accessed from the salon, in need of modernization. Very spacious with traditional open fireplace feature. Bathroom Accessed at the rear of the property. Rear Terrace A good sized area with excellent views of the sea
total square metres 120
A good sized plot measuring 1000 square metres . One of the best features from this property is the stunning sea views.
The Region The Turkish Republic of Northern Cyprus is one of the few remaining “undiscovered” places of the Mediterranean. It has a diverse abundance of outstanding and unspoilt natural beauty from the crystal clear waters and golden sandy beaches to the heights of the pine clad mountains and Crusader Castles. With exemptions on income tax, import duties, corporation tax and very low council tax North Cyprus is a property investors’ haven. The past three to four years has seen an increase in foreign investment where we have seen investors from Russia, Israel, Turkey and the UK buying into land and large scale developments such as the new Karpaz Gate Marina that opened in summer 2011. Although there is an increase in the amount of development going on it is being strictly regulated by the government. Developers are being forced to take the natural surroundings into consideration in order to maintain the integrity of the natural setting. Despite the recent price hikes in the North Cyprus property market, it still offers investors great opportunities to buy real estate at very competitive prices. One such area is the Karpaz region. The Karpaz Peninsular is at the northern most tip of Cyprus, pointing out towards Syria and Turkey. The region has strict regulations on development and is a protected wildlife sanctuary where rare turtles lay their eggs on the golden sandy beaches, in excess of 300 species of birds pass through every year as they fly along one of the main migratory routes. Wild flowers are in abundance and the landscape is distinct from the rest of the island. It offers a haven of tranquillity for those who wish to explore the ancient monuments, walk or cycle on the mountain tracks or just relax on the beautiful beaches. The Village of Sipahi The small village of Sipahi is set above the coast road that runs down the Karpaz panhandle and has the usual coffee shop and convenience store. The position of the village ensures that almost all the well spaced houses have delightful sea views. Sipahi is also home to the well preserved mosaics in the ruins of Basilica Agia Triada that dates back to the 5th century. Although little of the main structure remains the extensive flooring is intricately pattern with abstract mosaics.
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