Geroskipou, Paphos

Commercial for sale

72 m² Ref. ER-PAF-3846

EstateRadar AI summary

This 72 m² commercial unit in Geroskipou is listed at €119,000 (€1,653/m²), which sits 41% below the local median of €2,811/m². Our preliminary estimate ranges €130,269–€273,317 based on 8 comparables, though Low confidence means this is indicative rather than definitive. The asking price appears significantly undervalued relative to the area, though Cyprus's housing market has risen 3.4% year-on-year (Eurostat, Q1 2026).

Below area median by 41%Low confidence estimateStrong gross yield at 10.6%Commercial micro-unit

Why EstateRadar AI picked this

Asking price €1,653/m² vs. area median €2,811/m² suggests potential discount, but Low confidence in valuation range requires caution

Gross yield of 10.6% and A+ investment grade indicate attractive income profile if rental demand materializes

Small unit size (72 m²) and limited comparable pool mean market absorption and true pricing power remain uncertain

Overview

Internal area

72 m²

Reference

ER-PAF-3846

Investment analysis

Monthly rent£899

Annual rent£10,794

Expenses (annual)£3,022

Net income£7,772

ROI

10.6%

Yield

10.6%

Payback

13.1y

EstateRadar preliminary estimate

Estimated value range

£111,475 – £233,886

Confidence: Low · 50%8 comparables

Area median£2,405/m²

This property£1,415/m²

vs area median41.2% 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

~2.0%

Recommended offer

£100,120

Deal probability

Low 20%

1 days on market · asking is 41.2% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Distances from OpenStreetMap · approximate.

Description

A compact 72 m² commercial space ideally suited for retail, office or food-and-beverage use, nestled in a hillside development near the town centre and historic spring. The location benefits from nearby transport links, a communal swimming pool, landscaped grounds and ample parking. Strong foot traffic and proximity to regional growth hubs make it promising for leasing or business operations seeking an established commercial setting.

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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