Latsia - Archangelos Michail, Nicosia

3-bedroom apartment for sale

3 Bed 3 Bath 174 m² Ref. ER-NIC-7348

Rossi your AI assistant

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

Take: Strong 6.9% projected yield · room for a family.

“If you're buying to invest, this is one I'd move on — the numbers stack up.”

AI Score

EstateRadar AI summary

This 3-bedroom apartment in Latsia, Nicosia is asking €360,000 (€2,069/m²), approximately 20% below the area's median of €2,596/m². AI analytics estimate a value range of €410,892–€515,556, suggesting the asking price is notably lower than comparable recent sales in the neighbourhood. With high confidence based on 141 comparables, this presents a preliminary opportunity, though the below-median pricing warrants verification of condition and specific property characteristics.

20% below area medianHigh confidence valuationStrong rental yield potential (6.9%)Investment Grade A

Why EstateRadar AI picked this

Asking price of €2,069/m² is significantly below the area's €2,596/m² median, creating a gap relative to comparable sales

Computed valuation range (€410,892–€515,556) sits substantially above the €360,000 asking price, based on analysis of 141 recent transactions

Gross rental yield of 6.9% with A-grade investment rating indicates strong income potential relative to purchase price

Cyprus residential market has grown 3.4% year-on-year (Eurostat HPI, Q1 2026), supporting valuation stability in the wider market

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

528 m²

Internal area

174 m²

Bedrooms

Bathrooms

Reference

ER-NIC-7348

Investment analysis

Monthly rent€2,070

Annual rent€24,840

Expenses (annual)€6,955

Net income€17,885

ROI

6.9%

Yield

6.9%

Payback

20.1y

EstateRadar preliminary estimate

Estimated value range

€410,892 – €515,556

Confidence: High · 88%141 comparables

Area median€2,596/m²

This property€2,069/m²

vs area median20.3% 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

~2.1%

Recommended offer

€353,000

Deal probability

Low 20%

2 days on market · asking is 20.3% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School1006 m

Β Δημοτικό Σχολείο Λατσιών · ~13 min walk

Kindergarten919 m

ΝΗΠΙΑΓΩΓΕΙΟ ΛΑΤΣΙΩΝ Β΄ · ~11 min walk

Supermarket688 m

Ακης · ~9 min walk

Pharmacy1150 m

~14 min walk

Hospital1251 m

Κέντρο Υγείας Λατσιών · ~16 min walk

Restaurant1056 m

Bona Vita Restaurant · ~13 min walk

Café824 m

Xapfiari · ~10 min walk

Park241 m

~3 min walk

Gym1252 m

Fitness Lim · ~16 min walk

Bus stop601 m

Ave. Geriou - Mazeron · ~8 min walk

Approximate, straight-line distances from OpenStreetMap.

Description

Contemporary property in Latsia - Archangelos Michail, 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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