Nicosia - Lykabittos, Nicosia

2-bedroom apartment for sale

2 Bed 2 Bath 75 m² Ref. ER-NIC-3854

EstateRadar AI summary

This 2-bedroom apartment in Nicosia's Lykabittos area carries an asking price of €265,000 (€3,533/m²), significantly 36% above the area's median of €2,596/m². Our analytics engine estimates a fair value range of €177,108–€222,222 based on 141 comparable sales, suggesting the asking price substantially exceeds current market conditions. This preliminary estimate carries high confidence, though the premium valuation warrants careful consideration.

36% above area medianHigh confidence estimateWeak investment gradeD-rated property

Why EstateRadar AI picked this

Asking price of €3,533/m² significantly exceeds the area median of €2,596/m², indicating overvaluation relative to comparable sales

AI investment score of 5.0 and 'D' grade reflect poor fundamentals, with only 4.1% gross yield return

141 comparable sales provide robust statistical foundation, but high confidence underscores that the property is priced well above fair-market range

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

1,388 m²

Internal area

75 m²

Bedrooms

Bathrooms

Reference

ER-NIC-3854

Investment analysis

Monthly rent€905

Annual rent€10,865

Expenses (annual)€3,042

Net income€7,823

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

€177,108 – €222,222

Confidence: High · 88%141 comparables

Area median€2,596/m²

This property€3,533/m²

vs area median36.1% above

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

~8.0%

Recommended offer

€244,000

Deal probability

High 92%

1 days on market · asking is 36.1% above 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 Nicosia - Lykabittos, Nicosia. 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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