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Residential Plot 640 m²

Larnaca, Oroklini
Posted: Today 08:56 Ad ID: 6311441
Residential Plot 640 m²
  • Share: No
  • Density: 90%
  • Coverage: 50%
  • Land type: Plot
  • Plot area: 640 m²
  • Plot Type: Residential
  • Postal code: 7040
  • Planning zone: H2
  • Online viewing: Yes
  • Square meter price: €305 /m²
Location: Larnaca — Oroklini

Residential Plot in Voroklini, Larnaca

Asking Price: €195,000

Plot Size: 640 sqm

Planning Zone: H2 (100%)

Building Density: 90%

Coverage Ratio: 50%

Floors Allowed: 2

Maximum Height: 8.3 m

1) Planning & Development Analysis

• Maximum Buildable Area:

636 sqm × 90% ≈ 572 sqm

• Maximum Ground Coverage:

636 sqm × 50% ≈ 318 sqm per floor

• Land Use: Residential

• Location: Established residential neighborhood in Voroklini, close to amenities and main road access.

The area is considered a desirable residential suburb with steady demand from both local buyers and foreign residents.

2) Development Options

Option 1: Luxury Detached Villa

• Build size: 250–320 sqm

• Private swimming pool & landscaped garden

• Target market: families / foreign buyers

Advantages:

• Lower risk

• Easier project management

• Stable market demand

⸻

Option 2: Two Semi-Detached Houses

• Each unit: 170–200 sqm

• Total build area: approx. 360–400 sqm

This option provides a balanced approach between profitability and sales speed.

⸻

Option 3: Small Apartment Building (4–6 Units)

• Unit size: 85–110 sqm

• Total build area: up to 500–570 sqm

3) Investment Assessment

✅ Competitive land price for the area

✅ Strong residential zoning (90% density)

✅ Good development flexibility

⚠️ Profitability depends heavily on construction cost control

⚠️ Market validation required before final development decision.

4) Professional Recommendation

For a balanced investment strategy with controlled risk, developing two semi-detached houses is the most practical option:

• Faster sales cycle

• Easier financing

• Lower exposure risk

If the objective is to maximize profit and you have strong project management capability, the apartment building option offers higher upside.

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Views: 6
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Posting since jun, 2018

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