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Studio Flat, Malibu Phase 5, Tatlisu

£169,950

For Sale

Famagusta, Tatlisu

WhatsApp Pinterest Facebook Twitter Linkedin Email

For Sale

Studio Flat, Malibu Phase 5, Tatlisu

Famagusta, Tatlisu

£169,950

Overview

Off-Plan, Studio
Property Type

1
Bedroom

1
Bathroom

35m²

7m²
Lot

Description

This studio flat forms part of Malibu Phase 5 in Tatlısu, a Cittaslow fishing village on the Famagusta coast. It offers 35 m² of internal space with a 7 m² balcony, sea and mountain views, and sits 200 to 300 metres from the shore, priced at £169,950 for 2026 completion.

What does this Malibu Phase 5 studio include?

The studio provides 35 m² of internal space and one bathroom, with a 7 m² balcony framing sea and mountain views. The open-plan layout is designed for compact, functional living, suited to a single occupant or a couple.

Underfloor heating warms the bathroom, the kitchen can be tailored to taste, and owners share the development’s swimming pools, gardens and wellness centre, common ground across the studio apartments for sale in Tatlısu.

Internal area: 35 m²
Balcony: 7 m²
Bathrooms: 1
Layout: open-plan studio
Aspect: sea and mountain views
Kitchen: customisable finish
Climate control: air conditioning, underfloor heating to the bathroom
Shared facilities: swimming pools, gardens, wellness centre

Where is Tatlısu, and how far is the coast?

The studio sits in Tatlısu, a coastal village in the Famagusta district beneath the Beşparmak mountains, 200 to 300 metres from the sea. Kyrenia is a 40 to 45 minute drive west along the coast road.

Tatlısu holds Cittaslow status and a calm pace, a contrast with life across the wider Famagusta district and its busier towns.

Coast: 200 to 300 metres away
Kyrenia town: 40 to 45 minutes west by car
Ercan International Airport: about 45 to 50 minutes south
İskele: about 35 to 40 minutes east
Famagusta town: under an hour southeast

What is the price, and how is it paid?

The studio is priced at £169,950, with completion estimated in 2026. Buyers pay a 35% deposit and clear the balance of 65% interest-free over three years, making it the lowest entry point in Malibu Phase 5.

At this price it works as a lock-up-and-leave or a rental unit, worth measuring against letting income along the east coast.

Price: £169,950
Status: for sale, off-plan
Estimated delivery: 2026
Deposit: 35% down payment
Payment plan: 65% balance interest-free over 3 years

FAQ

Can foreign buyers purchase a studio in Tatlısu?

Yes. Purchase is open to foreign nationals buying in the TRNC once a permit is approved, subject to the ownership caps in place since 2024.

How far is the studio from Kyrenia and the beach?

The sea is 200 to 300 metres away, and Kyrenia town is a 40 to 45 minute drive west along the coast road.

What are the purchase costs in the TRNC?

On top of the £169,950 you meet a 9% transfer fee, 5% VAT on a new build and 0.5% stamp duty, with rental income taxed at a flat 10%.

What is there to do around Tatlısu?

Waterfront fish restaurants sit by the harbour, alongside the Minia Kıbrıs miniature museum, the Panagia Pergaminiotissa church and hiking in the Beşparmak range.