Chloraka, Paphos

3-bedroom penthouse for sale

3 Bed 2 Bath 96 m² Ref. ER-PAF-8131

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AI Score

EstateRadar AI summary

This 3-bedroom, 96 m² penthouse in Chloraka, Paphos is asking €565,000, placing it 15.3% above the local area median of €5,105/m² (€5,885/m² here). Our analytics engine estimates a preliminary valuation range of €433,270–€558,066 based on 13 comparables, suggesting the asking price sits near the upper end; confidence is Medium. Against Cyprus's national market growth of 3.4% year-on-year (Q1 2026), this represents a modest premium positioning.

Above area median (+15%)Medium confidenceNear valuation ceilingMediterranean resort setting

Why EstateRadar AI picked this

Asking price of €565,000 exceeds computed valuation ceiling (€558,066) by roughly €7,000, indicating limited upside margin

At 15.3% above area median €/m², the property commands a premium tied to resort amenities (pools, clubhouse, gated community) rather than fundamental value

Investment grade D and gross yield of 4.5% reflect moderate rental prospects; not a strong income play

Medium confidence with 13 comparables suggests preliminary estimate; valuation may shift with additional market data

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

40,206 m²

Internal area

96 m²

Bedrooms

Bathrooms

Reference

ER-PAF-8131

Investment analysis

Monthly rent£1,813

Annual rent£21,757

Expenses (annual)£6,092

Net income£15,665

ROI

4.5%

Yield

4.5%

Payback

30.9y

EstateRadar preliminary estimate

Estimated value range

£370,762 – £477,554

Confidence: Medium · 68%13 comparables

Area median£4,369/m²

This property£5,036/m²

vs area median15.3% 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

£444,980

Deal probability

High 92%

2 days on market · asking is 15.3% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School465 m

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

Kindergarten889 m

Παιδικός Πλανήτης · ~11 min walk

Supermarket392 m

Melany's · ~5 min walk

Pharmacy612 m

~8 min walk

Hospital1486 m

St George Clinic · ~19 min walk

Beach1322 m

~17 min walk

Restaurant540 m

Cliff Social · ~7 min walk

Café843 m

Karma Café · ~11 min walk

Park213 m

~3 min walk · 5 within 500 m

Gym738 m

Aesthetics Fitness Club · ~9 min walk

Bus stop576 m

Akamandidos 2 · ~7 min walk

Approximate, straight-line distances from OpenStreetMap.

Description

This hilltop penthouse enjoys a relaxing contemporary design infused with distinct Mediterranean character, located within a short walk of Paphos coastline. All living areas open onto expansive verandas, terraces and gardens, with interiors designed to welcome natural light and air flow. Set within a luxury gated residential resort featuring communal greens, two swimming pools, a clubhouse and tennis court, the home reflects a refined blend of Cypriot stone-villa traditions—natural materials, generous covered outdoor spaces, warm earthy tones and pitched roofs—offering an authentic Mediterranean lifestyle experience.

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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