Residential Plot 640 m²
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
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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.
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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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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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