EstateRadar
SMART SEARCH · RIGHT PROPERTY
Paralimni, Famagusta

1-bedroom apartment for sale

1 Bed 1 Bath 56 Ref. ER-FAM-3481
Rossi your AI assistant
I already analyzed this property — here's what stands out.
Take: Strong 6.7% projected yield.

If you're buying to invest, this is one I'd move on — the numbers stack up.

AI Score
EstateRadar AI summary
🧠 Analyzing this property…

Why EstateRadar AI picked this

Overview

· plot from Cyprus Land Registry (DLS)
Plot area
864 m²
Internal area
56 m²
Bedrooms
1
Bathrooms
1
Reference
ER-FAM-3481

Investment analysis

Monthly rent£803
Annual rent£9,632
Expenses (annual)£2,697
Net income£6,935
ROI
6.7%
Yield
6.7%
Payback
20.7y

EstateRadar preliminary estimate

Estimated value range
£159,936£177,753
Confidence: High · 92%41 comparables
Area median£3,113/m²
This property£2,567/m²
vs area median17.5% 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
£141,195
Deal probability
Low 20%

2 days on market · asking is 17.5% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· estimate
Walk
70
Schools
75
Quiet
72
Sea
60

Location

· approximate area
Approximate location
Around this property
School592 m
~7 min walk
Kindergarten1780 m
Honey Baby kids club · ~22 min walk
Supermarket772 m
Euromarket · ~10 min walk
Pharmacy899 m
Elena Michael · ~11 min walk
Hospital1647 m
Lito Private Hospital · ~21 min walk
Beach2789 m
Skoutari Beach · ~35 min walk
Restaurant909 m
Mister Food · ~11 min walk
Café1090 m
Coffee Lab · ~14 min walk
Park1194 m
~15 min walk
Gym759 m
Ask me:) · ~9 min walk
Bus stop424 m
Αγίου Παντελεήμονος - 1η Στάση · ~5 min walk

Approximate, straight-line distances from OpenStreetMap.

Description

Located in the heart of the Free Famagusta Region, Niero City Apartments is where modern urban living meets the tranquility of the Mediterranean. Perfectly positioned in Paralimni, just minutes from the stunning Protaras coastline, this exclusive development offers residents the best of both worlds - convenience, luxury, and breathtaking sea views. The amenities and direct access to the services and the commercial centre of Paralimni which has evolved into a modern city and the ability to enjoy the award-winning seas of Protaras, makes every day here feel like a holiday. Niero City Apartments features 16 high-end residences, ranging from one- two and three-bedroom layouts, all designed to maximise space, comfort, and natural light. Expansive balconies offer uninterrupted views of the Mediterranean, while the sleek, contemporary design and premium materials ensure a sophisticated living experience. Thoughtfully positioned for privacy, each apartment caters to the demands of modern living while embracing the essence of the Mediterranean aesthetic. Step inside and experience a world of effortless elegance. Interiors are defined by earthy tones, natural materials, and minimalist design, creating a serene, welcoming atmosphere. The seamless transition between indoor and outdoor spaces invites you to relax and immerse yourself in the beauty of the surroundings - no matter the season. Beyond the luxurious interiors, Niero City Apartments offers unmatched accessibility to some of Cyprus’ most sought after locations. Just seven minutes away, the charming beaches of Kapparis and the up-and-coming New Paralimni Marina promise world-class restaurants, boutiques, and entertainment venues. In just ten minutes, residents can reach the lively centre of Protaras and the iconic Fig Tree Bay, one of the island’s most awarded beach. Moments away, Paralimni itself offers the perfect blend of modern convenience and traditional charm, making it an ideal place to call home. Whether you are searching for a permanent residence or a vacation home, Niero City Apartments presents an unparalleled opportunity. With strong investment potential, year-round appeal, and an exceptional quality of life, this is more than just a home - it’s a lifestyle. Indulge in the luxury of coastal living while enjoying the comforts of a modern city. At Niero City Apartments, every day feels like a dream getaway.

1 Island Estates
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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