Paralimni, Famagusta

Apartment for sale

2 Bath 82 m² Ref. ER-FAM-1541

Rossi your property expert

I already analyzed this property — here's what stands out.

Take: Solid all-round option.

“Rental demand here is solid — I'd expect it to let quickly.”

AI Score

EstateRadar AI summary

This studio apartment in Paralimni is asking €285,000, positioned 4.5% below the area median of €3,638/m². Our analysis of 41 comparable sales estimates fair value at €273,675–€304,163, placing the asking price within the likely range with high confidence. Against the Cyprus market's 3.4% year-on-year growth (Eurostat, Q1 2026), this represents a stable entry point rather than a standout opportunity.

Below area medianHigh confidence41 comparablesInvestment grade C

Why EstateRadar AI picked this

Asking price of €3,476/m² sits 4.5% below area median, offering modest value alignment in a slow-moving market

Gross yield of 5.8% and AI score of 6.9 reflect moderate rental demand and location appeal typical of secondary Cypriot coastal towns

Investment grade C signals acceptable but not exceptional fundamentals; suitable for conservative portfolios seeking steady returns over capital appreciation

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

970 m²

Internal area

82 m²

Bathrooms

Reference

ER-FAM-1541

Investment analysis

Monthly rent€1,378

Annual rent€16,530

Expenses (annual)€4,628

Net income€11,902

ROI

5.8%

Yield

5.8%

Payback

23.9y

EstateRadar preliminary estimate

Estimated value range

€273,675 – €304,163

Confidence: High · 92%41 comparables

Area median€3,638/m²

This property€3,476/m²

vs area median4.5% 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

€279,000

Deal probability

Low 32%

1 days on market · asking is 4.5% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School306 m

Γʹ Δημοτικό Σχολείο Παραλιμνίου · ~4 min walk

Kindergarten2357 m

Public Nursery School Sotiras · ~29 min walk

Supermarket241 m

Smart · ~3 min walk · 2 within 500 m

Pharmacy57 m

Stelios · ~1 min walk · 4 within 500 m

Hospital111 m

Lito Private Hospital · ~1 min walk

Beach4056 m

Firemans Beach · ~51 min walk

Restaurant434 m

Ταβέρνα Ρόπας · ~5 min walk · 3 within 500 m

Café105 m

Fabricca Coffee n' Bites · ~1 min walk · 2 within 500 m

Park864 m

~11 min walk

Gym98 m

Be fit · ~1 min walk

Bus stop150 m

1 Apriliou Ave. - Agiou Nektariou · ~2 min walk · 4 within 500 m

Approximate, straight-line distances from OpenStreetMap.

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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