House, For Sale, Nicosia, Strovolos - Chryseleousa

A truly rare investment opportunity in the historic core of Strovolos (Chryseleousa Parish). This protected historic property, approximately 100 sq.m., was built in 1915 and sits on a 124 sq.m. plot in one of the area’s most culturally rich and architecturally significant neighborhoods.
Located within a 100% residential planning zone (Pa-9), with 120% building density, 70% coverage, and allowance for two floors, the property offers excellent redevelopment potential, subject to preservation regulations. Whether envisioned as a character-filled private residence, boutique rental, artist’s home, or heritage-focused investment, it presents a unique opportunity to create a high-end, story-driven project.
️ Important Note:
The property requires full renovation. This is not a cosmetic upgrade—it is a project suited to buyers who understand restoration, heritage value, and long-term potential.
What truly sets this property apart is:
• Its historic character and protected status
• Its prime location in Old Strovolos
• The rarity of comparable properties coming to market
• Strong and growing demand for restored heritage homes in Nicosia
Properties of this nature are increasingly scarce and, once restored, tend to offer exceptional cultural and investment value.
As a listed building, the property benefits from significant incentives, including special grants, the ability to sell building density (including bonus/transferable density), as well as tax incentives.
Asking Price: €97,000
Ideal for:
• Visionary investors
• Architects & developers specializing in heritage projects
• Buyers seeking a one-of-a-kind property with character and history
Serious enquiries only. This opportunity is best suited for those who can recognize potential where others see renovation.