Lakatameia - Agia Paraskevi, Nicosia

2-bedroom apartment for sale

2 Bed 2 Bath 81 m² Ref. ER-NIC-8807

EstateRadar AI summary

This 2-bedroom apartment in Lakatameia - Agia Paraskevi, Nicosia is offered at €185,000 (€2,284/m²), approximately 12% below the area median of €2,596/m². Our analytics engine, based on 141 comparable sales, estimates a value range of €191,277–€240,000 with high confidence, suggesting the asking price sits at the lower end of that range.

Below area medianHigh confidence valuationSteady rental yield potentialCyprus market +3.4% YoY

Why EstateRadar AI picked this

Asking price is 12% below the local area median €/m², indicating potential upside if the property meets its estimated value range

Gross rental yield of 6.3% and investment grade B signal reasonable income potential for a buy-to-let strategy

High-confidence estimate based on 141 comparable transactions in the area provides credible support for valuation

Cyprus residential market is appreciating at 3.4% annually (Eurostat, Q1 2026), supporting medium-term stability

Overview

Internal area

81 m²

Bedrooms

Bathrooms

Reference

ER-NIC-8807

Investment analysis

Monthly rent£831

Annual rent£9,974

Expenses (annual)£2,792

Net income£7,181

ROI

6.3%

Yield

6.3%

Payback

22.0y

EstateRadar preliminary estimate

Estimated value range

£163,681 – £205,375

Confidence: High · 88%141 comparables

Area median£2,221/m²

This property£1,954/m²

vs area median12.0% 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

£154,887

Deal probability

Low 20%

1 days on market · asking is 12.0% 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

Contemporary property in Lakatameia - Agia Paraskevi, Nicosia. Modern architecture with quality finishes, energy-efficient construction and well-planned living space — a strong choice for both living and buy-to-let. Contact 1 Island Estates for full details, floor plans and current availability.

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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