Home.Why North Cyprus. Buying in North Cyprus.F.A.Q.s.The North Cyprus property Centre .Contact Us.

A RESTORATION PROJECT IN NORTH CYPRUS. TWO BUNGALOWS FOR SALE ON THE KARPAZ PENINSULA

If you are looking for the quiet way of life or a project with great potential, then these original village houses set in the heart of the tranquil village of Yenierenkoy are just what you are looking for. Set on a large corner plot with distant sea views the two bungalows are ripe for modernization and both could easily be extended to make two pretty village bungalows, as holiday lets or for full time living.  The properties are just minutes away the new Karpaz Gate Marina or step back in time and visit the many ancient sites in the area. Being located in the Karpaz area means that you are in easy reach of some of the most stunning beaches and spectacular scenery in the whole of the Mediterranean. Just a 40 minute drive back along the coast road will bring you to Bogaz with its Quaint fishing harbour and fish restaurants and the large village of Iskele with all the amenities you may need. The historic city of Famagusta is a further 20 minutes away and with both Larnaca and Ercan airports within easy reach, The Karpaz is haven of peace and tranquility without being totally isolated.  

 

This opportunity presents a number of possible outcomes. A holiday home or residence with one to let. Two homes to let as a business. Restore and sell one or both. The choice is yours. The proximity of the marina is an added bonus.

Only £65,000 (GBP)

The Property

 

The two bungalows are set on a slightly elevated corner plot measuring approximately one and a half donums. The bungalows had been rented until recently and are in need of complete modernization. The bungalow are constructed from stone, the walls have been skimmed with mortar. The internal floors are laid with ceramic tiles and the bathrooms have been added recently. There is mains water connected and a private well and electricity.

 

Bungalow one - 55m²

Consisting of a kitchen/ living room, two bedrooms and a shower room.

 

Bungalow two – 53m²

Consisting of a kitchen, lounge, two bedrooms and a shower room.

 

Exterior

The two bungalows sit towards the back of the corner plot and there is access from both sides via the steps up from the road side or drive in from the other side. At the back of bungalow two is a concrete water tank and a small stone built storeroom, at the front of bungalow one is the well. The large area at the front of the bungalow is undeveloped so a blank canvas waiting to be transformed into a Mediterranean garden and could easily accommodate a swimming pool.

 

 

 

The Area

 

The Village of Yeni Erenkoy

In Turkish, the word Yeni means new, so this village is New Erenkoy. Once the centre of the thriving and lucrative tobacco industry but after partition the tobacco conglomerates left the island and the industry was finished. However still very evident are the factories, packing houses and smokeries once associated with the business. Starting during the Middle Ages with most tobacco being produced in the Larnaca area, in the 20th century production moved to the Karpaz and The Tobacco Cooperative Society built the vast warehouse close to the village. Within the last decade the industry has undergone a revival and tobacco can once again be seen growing in the Karpaz landscape. With its narrow winding streets dotted with coffee shops and markets Yenierenkoy is a pleasant rambling village, the small tourist office is open in the summer months. In stark contrast a few kilometers along the coast is the recently opened brand new state of the art Karpaz Gate Marina with berthing for 350 yachts and all the facilities that the yachting fraternity require. When completed the development will include shops, apartments and a hotel and casino. This, and other developments, confirm the confidence of the big investors in this region of Northern Cyprus. These people rarely get it wrong and we believe that property buyers here will see the benefits in the value of their own investments as time goes on.

 

 

 

 

 

Please CONTACT US quoting reference HP1154