Chloraka, Paphos

2-bedroom penthouse for sale

2 Bed 2 Bath 91 m² Ref. ER-PAF-1440

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AI Score

EstateRadar AI summary

This 2-bedroom, 91 m² penthouse in Chloraka is asking €529,000, placing it 13.9% above the area median of €5,105/m² (at €5,813/m²). The AI preliminary estimate ranges €410,704–€529,000 with medium confidence based on 13 comparables; Cyprus's national market has risen 3.4% year-on-year as of Q1 2026, but the property's D-grade investment outlook and modest 4.5% gross yield suggest caution before purchase.

Above area medianMedium confidenceNear coastlineInvestment grade D

Why EstateRadar AI picked this

Asking price sits at the top of the valuation range (€529k), indicating limited upside if market comparables hold

13.9% premium to area €/m² median signals above-market pricing; 13 comparable sales provide moderate confidence but not certainty

Gross rental yield of 4.5% and D-grade investment rating reflect modest return potential relative to acquisition cost

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

40,206 m²

Internal area

91 m²

Bedrooms

Bathrooms

Reference

ER-PAF-1440

Investment analysis

Monthly rent€1,984

Annual rent€23,805

Expenses (annual)€6,665

Net income€17,140

ROI

4.5%

Yield

4.5%

Payback

30.9y

EstateRadar preliminary estimate

Estimated value range

€410,704 – €529,000

Confidence: Medium · 68%13 comparables

Area median€5,105/m²

This property€5,813/m²

vs area median13.9% 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

€487,000

Deal probability

High 92%

1 days on market · asking is 13.9% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School537 m

Δημοτικό Σχολείο Πάφου Ε΄ - Αγίου Δημητρίου · ~7 min walk

Kindergarten722 m

Παιδικός Πλανήτης · ~9 min walk

Supermarket523 m

Melany's · ~7 min walk

Pharmacy476 m

~6 min walk · 2 within 500 m

Hospital1365 m

St George Clinic · ~17 min walk

Beach1493 m

~19 min walk

Restaurant477 m

Pasalimani · ~6 min walk

Café776 m

Coffee Island · ~10 min walk

Park56 m

~1 min walk · 4 within 500 m

Gym572 m

Aesthetics Fitness Club · ~7 min walk

Bus stop441 m

Akamandidos 2 · ~6 min walk · 2 within 500 m

Approximate, straight-line distances from OpenStreetMap.

Description

This penthouse is located within a contemporary residential resort, a short walk from Paphos's coastline and Mediterranean waters. Hilltop homes in Chloraka feature relaxed contemporary design with Mediterranean character, including large verandas, terraces and gardens with abundant natural light and ventilation. The luxury gated community offers extensive landscaped grounds, two communal swimming pools, a clubhouse and tennis court. The collection blends modern architecture with traditional Cypriot references—stone villas, covered outdoor spaces, natural materials, tiled roofs and earthy tones—creating a refined Mediterranean living experience.

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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