Paralimni, Famagusta

2-bedroom apartment for sale

2 Bed 2 Bath 80 m² Ref. ER-FAM-2310

EstateRadar AI summary

This 2-bedroom apartment in Paralimni is asking €267,000, placing it approximately 8% below the area median of €3,638/m² (this property: €3,338/m²). Our preliminary estimate ranges €267,000–€296,744 with high confidence based on 41 comparable sales, against a backdrop of Cyprus's 3.4% year-on-year market growth (Eurostat, Q1 2026).

Below area medianHigh confidenceStrong rental yield

Why EstateRadar AI picked this

Asking price sits 8% below area median €/m², suggesting potential value

6.0% gross rental yield indicates solid investment returns for portfolio diversification

High-confidence valuation grounded in 41 local comparables; preliminary range supports asking price at lower end

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

3,588 m²

Internal area

80 m²

Bedrooms

Bathrooms

Reference

ER-FAM-2310

Investment analysis

Monthly rent€1,335

Annual rent€16,020

Expenses (annual)€4,486

Net income€11,534

ROI

6.0%

Yield

6.0%

Payback

23.1y

EstateRadar preliminary estimate

Estimated value range

€267,000 – €296,744

Confidence: High · 92%41 comparables

Area median€3,638/m²

This property€3,338/m²

vs area median8.3% below

Cyprus market +3.4% YoYnational house-price index · Eurostat · 2026-Q1

EstateRadar preliminary estimate · sources: EstateRadar listings, Eurostat HPI · 2026-08-01. Based on comparable asking prices, not official transaction data. Not a valuation by a licensed surveyor.

Negotiation insight

Room to negotiate

~2.0%

Recommended offer

€262,000

Deal probability

Low 21%

1 days on market · asking is 8.3% below our AI valuation. Estimate only — not financial advice.

Neighborhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Distances from OpenStreetMap · approximate.

Description

Contemporary property in Paralimni, Famagusta. Modern architecture with quality finishes, energy-efficient construction and well-planned living space — a strong choice for both living and buy-to-let. Contact 1 Island Estates for full details, floor plans and current availability.

Marketed by 1 Island Estates

EstateRadar is a technology platform, not an agency. This listing is handled by 1 Island Estates.

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