Chloraka, Paphos

2-bedroom penthouse for sale

2 Bed 2 Bath 84 m² Ref. ER-PAF-2865

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AI Score

EstateRadar AI summary

This 2-bedroom, 84 m² penthouse in Chloraka is listed at €540,000 (€6,429/m²), approximately 26% above the area median of €5,105/m². Our analytics engine estimates a fair value range of €379,111–€488,308 based on 13 comparable sales, suggesting the asking price sits above the preliminary valuation range. Medium confidence rating reflects moderate comparables data.

Above area median (+26%)Medium confidenceCoastal proximityInvestment Grade D

Why EstateRadar AI picked this

Asking price exceeds computed valuation range by ~€52k–€161k, indicating premium positioning relative to recent comparable sales

Gross rental yield of 4.1% is modest for the risk profile; investment grade D signals limited upside potential

Area median €5,105/m² suggests Chloraka commands moderate pricing; this property's 26% premium warrants careful market validation

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

40,206 m²

Internal area

84 m²

Bedrooms

Bathrooms

Reference

ER-PAF-2865

Investment analysis

Monthly rent€1,845

Annual rent€22,140

Expenses (annual)€6,199

Net income€15,941

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

€379,111 – €488,308

Confidence: Medium · 68%13 comparables

Area median€5,105/m²

This property€6,429/m²

vs area median25.9% 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

€497,000

Deal probability

High 92%

2 days on market · asking is 25.9% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School470 m

Δημοτικό Σχολείο Πάφου Ε΄ - Αγίου Δημητρίου · ~6 min walk

Kindergarten910 m

Παιδικός Πλανήτης · ~11 min walk

Supermarket387 m

Melany's · ~5 min walk

Pharmacy633 m

~8 min walk

Hospital1506 m

St George Clinic · ~19 min walk

Beach1304 m

~16 min walk

Restaurant541 m

Cliff Social · ~7 min walk

Café855 m

Karma Café · ~11 min walk

Park230 m

~3 min walk · 5 within 500 m

Gym754 m

Aesthetics Fitness Club · ~9 min walk

Bus stop597 m

Akamandidos 2 · ~7 min walk

Approximate, straight-line distances from OpenStreetMap.

Description

This 2-bedroom penthouse is located in a hilltop residential community within walking distance of Paphos' coastline and Mediterranean waters. The property features contemporary design infused with Mediterranean character, including large verandas, terraces and gardens that flood interiors with natural light and airflow. The gated community offers communal green spaces, two swimming pools, a clubhouse and tennis court, combining traditional Cypriot architectural references—natural stone, timber, earthen tones and tiled roofs—with modern comfort and construction standards.

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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