Residential Field 2950 m²
Project Description
The project consists of a single land parcel with an approved license for subdivision into three residential plots. The property is located in a residential development zone under the jurisdiction of Dromolaxia–Meneou Municipality (Tersefanou area). All relevant planning approvals have been granted, significantly reducing development time and regulatory risk for the buyer.
Unique Value Proposition
Approved subdivision license for 3 plots, eliminating lengthy approval procedures.
Located in a residential planning zone (H3 – 100%), suitable for housing development.
Strong development parameters, including high building density and coverage, allowing efficient land utilization.
Ideal for small-scale residential development, detached houses, or future resale of individual plots.
Suitable for both local and international investors seeking ready-to-develop land.
Planning & Development Highlights
Zoning: Residential (H3 – 100%)
Permitted Development:
Building Density: up to 60%
Coverage: up to 35%
Floors: up to 2
Maximum Height: approx. 8.3 meters
Subdivision: Approved for 3 separate plots
Infrastructure: Water connection fees assessed and approved
Financial Feasibility
The land benefits from pre-approved subdivision, reducing upfront costs, uncertainty, and development timelines.
The buyer can:
Develop three residential units for sale or rental, or
Sell the individual plots separately, maximizing return on investment.
The project offers clear exit strategies with strong resale potential due to zoning and location.
Suitable for investors seeking medium-risk, high-efficiency residential development opportunities.
Investment Appeal
This project represents a ready-to-execute investment opportunity with minimal administrative barriers. The approved subdivision, residential zoning, and strong development parameters make it an attractive option for developers, investors, or end-users seeking flexibility, security, and solid future returns.
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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