Paralimni, Famagusta

1-bedroom apartment for sale

1 Bed 1 Bath 56 m² Ref. ER-FAM-3481

EstateRadar AI summary

This 1-bedroom apartment in Paralimni is asking €168,000 (€3,000/m²), approximately 17.5% below the area median of €3,638/m². The preliminary valuation estimate is €186,900–€207,721, based on 41 comparable transactions with High confidence. At the asking price, it appears well-positioned below local market rates, though the modest size and single bedroom may limit resale appeal.

Below area median (-17.5%)High confidence (41 comparables)6.7% gross yieldNear Protaras coast

Why EstateRadar AI picked this

Asking price €168,000 sits meaningfully below the computed valuation range of €186,900–€207,721, suggesting potential value entry

€/m² of €3,000 is 17.5% cheaper than the Paralimni area median (€3,638), supported by 41 comparable sales

Gross rental yield of 6.7% and Investment Grade B reflect reasonable income potential, though single-bedroom units typically carry higher vacancy risk

Cyprus residential market up 3.4% year-on-year (Eurostat, 2026-Q1), providing modest tailwind to valuations

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

864 m²

Internal area

56 m²

Bedrooms

Bathrooms

Reference

ER-FAM-3481

Investment analysis

Monthly rent€938

Annual rent€11,256

Expenses (annual)€3,152

Net income€8,104

ROI

6.7%

Yield

6.7%

Payback

20.7y

EstateRadar preliminary estimate

Estimated value range

€186,900 – €207,721

Confidence: High · 92%41 comparables

Area median€3,638/m²

This property€3,000/m²

vs area median17.5% 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

€165,000

Deal probability

Low 20%

1 days on market · asking is 17.5% 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

Located in the heart of Paralimni, just minutes from the stunning Protaras coastline, this modern 1-bedroom apartment perfectly balances convenience and Mediterranean tranquility. The residence features a contemporary design with premium materials, an expansive balcony offering uninterrupted sea views, and direct access to Paralimni's modern commercial centre and services. The award-winning seas and beach amenities of Protaras are within easy reach, making this an ideal base for those seeking both urban convenience and coastal lifestyle appeal.

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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