Chloraka, Paphos

2-bedroom penthouse for sale

2 Bed 2 Bath 82 m² Ref. ER-PAF-3975

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AI Score

EstateRadar AI summary

This 2-bedroom, 82 m² penthouse in Chloraka is valued at €370,085–€476,681 (medium confidence, 13 comparables). The asking price of €403,000 sits 3.7% below the area median of €5,105/m² — a modest discount that reflects solid market positioning. Against Cyprus's 3.4% year-on-year housing growth, this preliminary estimate suggests fair relative value, though the below-area-median pricing warrants caution before treating it as a clear bargain.

Below area median (−3.7%)Medium confidence valuationSea-adjacent locationInvestment Grade C

Why EstateRadar AI picked this

Asking price €403,000 sits within the computed range (€370k–€477k) and 3.7% below area median per m², offering modest downside protection.

Gross yield of 5.4% and Investment Grade C reflect moderate rental income potential, suitable for conservative income-focused investors.

Penthouse in gated Mediterranean resort with communal pools, clubhouse and direct coastal proximity appeals to holiday rental and lifestyle buyers.

Below-area-median per-m² pricing aligns with Cyprus's steady 3.4% HPI growth, supporting medium-term stabilization.

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

40,206 m²

Internal area

82 m²

Bedrooms

Bathrooms

Reference

ER-PAF-3975

Investment analysis

Monthly rent€1,814

Annual rent€21,762

Expenses (annual)€6,093

Net income€15,669

ROI

5.4%

Yield

5.4%

Payback

25.7y

EstateRadar preliminary estimate

Estimated value range

€370,085 – €476,681

Confidence: Medium · 68%13 comparables

Area median€5,105/m²

This property€4,915/m²

vs area median3.7% 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

€395,000

Deal probability

Low 35%

2 days on market · asking is 3.7% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School642 m

Δημοτικό Σχολείο Χλώρακα - Αγίου Νικολάου · ~8 min walk

Kindergarten914 m

Παιδικός Πλανήτης · ~11 min walk

Supermarket362 m

Mini Supermarket · ~5 min walk · 3 within 500 m

Pharmacy457 m

Eleni & Rafaela Pharmacy · ~6 min walk · 2 within 500 m

Hospital1675 m

St George Clinic · ~21 min walk

Beach1466 m

Vrexi Beach · ~18 min walk

Restaurant401 m

Lava Tavern · ~5 min walk

Café516 m

Coffee Island · ~6 min walk

Park162 m

~2 min walk · 3 within 500 m

Gym603 m

Aesthetics Fitness Club · ~8 min walk

Bus stop350 m

Οδ Ελευθερίας 7(Χλώρακα) · ~4 min walk · 8 within 500 m

Approximate, straight-line distances from OpenStreetMap.

Description

This 2-bedroom penthouse is located within a hilltop residential resort, just a short walk from the Paphos coastline and Mediterranean Sea. The homes feature contemporary design infused with Mediterranean character, with all living areas opening onto large verandas, terraces and surrounding gardens. The gated community offers expansive communal green spaces, two swimming pools, a clubhouse and tennis court. The property exemplifies Mediterranean architecture—drawing on traditional Cypriot stone villa references, natural materials, generous covered outdoor spaces and earthy tones—combined with modern comfort and quality construction.

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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