2 Bedroom Penthouse, Atlantis, Küçük Erenköy

Set on the top floor of Atlantis, this £459,950 two-bedroom penthouse in Küçük Erenköy gives 80 m² of living space and a wide 35 m² terrace. It is finished and ready to occupy, looking out over the bay and the Beşparmak ridge behind the village.

What does this 2-bedroom penthouse include?

Two double bedrooms and two bathrooms fill the 80 m² interior, which flows out to the 35 m² terrace. The bathrooms run on underfloor heating, and air conditioning keeps the living space cool through the summer months.

A pergola-shaded sun deck wraps the top floor, plumbed for a jacuzzi and set up for al-fresco meals, one of the larger outdoor areas among the top-floor penthouses in Küçük Erenköy.

• Internal area: 80 m²
• Terrace: 35 m²
• Bedrooms: 2
• Bathrooms: 2
• Terrace fittings: pergola, barbecue area, sink, shower, jacuzzi-ready plumbing
• Climate control: air conditioning, underfloor heating in bathrooms
• Shared facilities: communal pool, café/bar, yoga area, tennis court, private beach access

Where is Atlantis in Küçük Erenköy?

The development stands on the Küçük Erenköy seafront in the Famagusta district, a low-density stretch of coast on the road out to the Karpaz peninsula. The drive to Kyrenia runs about 31 km to the west.

A private beach sits below the development, one of the draws of the low-density coast at Küçük Erenköy, with clear, sheltered water off the sandy bay.

• Kyrenia (Girne): about 31 km, a 35 to 40 minute drive west
• Famagusta (Gazimağusa) town: about 45 minutes south
• Ercan International Airport: about 45 to 50 minutes south
• Beach: private beach access below the development
• Setting: seafront, low-density coastal village
• Views: sea and mountains

What does it cost, and how does it let?

At £459,950 the penthouse is finished and ready to occupy. A two-bed with a sea-facing terrace lets well over the summer season, when gross returns on this stretch of coast run 5% to 7%.

Ready to furnish and let straight away, it suits a lock-up-and-leave owner weighing rental yields across the Famagusta coast against a low winter season.

• Price: £459,950
• Status: completed, ready to move in
• Purchase costs: about 8 to 20% overall
• Transfer fee: 9%
• VAT: 5% on a new build
• Stamp duty: 0.5%
• Rental income tax: flat 10%
• Gross rental yield: 5% to 7%

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