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
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.
Two Traditional bungalow
On 1750m² corner plot
In need of updating
Each bungalow 50m² living area
Plenty of room to extend
Quiet Village location
Marina 5 min away
Selection of sandy beaches close by
Buy to let
Buy to live in one
Buy to sell on
Great investment opportunity
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.
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 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.