Egkomi - Makedonitissa, Nicosia

1-bedroom apartment for sale

1 Bed 1 Bath 50 m² Ref. ER-NIC-8107

EstateRadar AI summary

This 1-bedroom, 50 m² apartment is listed at €175,000 (€3,500/m²), significantly above the Egkomi-Makedonitissa area median of €2,596/m². Our analytics engine estimates a fair value range of €118,072–€148,148 based on 141 comparable sales, suggesting the asking price exceeds the preliminary estimate by roughly 18–48%. Despite high confidence in our comparables sample, this represents a premium positioning in a market growing 3.4% year-on-year at national level.

Above area median (+35%)Premium asking priceHigh confidence estimateSingle-unit project

Why EstateRadar AI picked this

Asking price €27k–€57k above estimated fair value range, indicating significant premium to recent comparable transactions

Property cost per m² is 35% higher than median €2,596/m² for the neighbourhood, despite stable area fundamentals

Gross yield of 4.1% and investment grade D suggest limited rental upside relative to purchase price

High confidence sourced from 141 comparable sales provides robust market context for valuation estimate

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

527 m²

Internal area

50 m²

Bedrooms

Bathrooms

Reference

ER-NIC-8107

Investment analysis

Monthly rent€598

Annual rent€7,175

Expenses (annual)€2,009

Net income€5,166

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

€118,072 – €148,148

Confidence: High · 88%141 comparables

Area median€2,596/m²

This property€3,500/m²

vs area median34.8% 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

€161,000

Deal probability

High 92%

1 days on market · asking is 34.8% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Distances from OpenStreetMap · approximate.

Description

Nestled in the heart of Nicosia's sought-after Egkomi and Makedonitissa area, this modern apartment offers a carefully designed living space that balances simplicity, elegance and natural light. The thoughtfully appointed residence provides a contemporary sanctuary ideal for professionals or investors seeking a prime location in the capital's established residential quarter.

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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