Egkomi - Makedonitissa, Nicosia

1-bedroom apartment for sale

1 Bed 1 Bath 50 m² Ref. ER-NIC-8107

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AI Score

EstateRadar AI summary

This 1-bedroom, 50 m² apartment is priced at €175,000 (€3,500/m²), significantly above the Egkomi–Makedonitssa area median of €2,596/m². Our analytics engine estimates a fair value range of €118,072–€148,148 based on 141 comparable sales—meaning the asking price is roughly 35% above typical values. This is a preliminary estimate reflecting high-confidence comparables; the premium positioning suggests either exceptional features or overpricing relative to the local market.

Well above area median (+35%)High confidence (141 comparables)Poor investment grade (D)Weak gross yield (4.1%)

Why EstateRadar AI picked this

Asking price of €175,000 sits 35% above the area's €2,596/m² median, pushing this property to the upper end of valuation risk.

Gross rental yield of 4.1% and investment grade D indicate modest income potential relative to purchase cost.

High-confidence valuation is anchored to 141 local comparables; Cyprus's housing market rose 3.4% year-on-year (Eurostat, Q1 2026), offering modest structural support but insufficient to bridge the current premium.

EstateRadar AI summary

🧠 Analyzing this property…

Why EstateRadar AI picked this

Overview

· plot from Cyprus Land Registry (DLS)

Plot area

527 m²

Internal area

50 m²

Bedrooms

Bathrooms

Reference

ER-NIC-8107

Investment analysis

Monthly rent€598

Annual rent€7,175

Expenses (annual)€2,009

Net income€5,166

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

€118,072 – €148,148

Confidence: High · 88%141 comparables

Area median€2,596/m²

This property€3,500/m²

vs area median34.8% 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

€161,000

Deal probability

High 92%

2 days on market · asking is 34.8% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School418 m

Makedonitissa Middle School · ~5 min walk

Kindergarten257 m

Συστημικó Σχολειó · ~3 min walk

Supermarket599 m

foodhaus · ~7 min walk

Pharmacy591 m

Hlias Daskalakis · ~7 min walk

Hospital926 m

Ophthalmos Eye and Laser Centre · ~12 min walk

Restaurant261 m

Grill & Fill · ~3 min walk

Café598 m

A Kxoffee Project · ~7 min walk

Park701 m

~9 min walk

Gym418 m

Training · ~5 min walk

Bus stop152 m

Makedonitissas Tomb 2 · ~2 min walk · 6 within 500 m

Approximate, straight-line distances from OpenStreetMap.

Description

Nestled in the heart of Nicosia’s sought-after Egkomi / Makedonitissa area, Haimera Apartments offer a modern sanctuary designed to elevate your lifestyle. Inspired by Hemera, the Greek goddess of light, and the French word aimer (to love), Haimera embodies a perfect harmony of simplicity, elegance, and illumination.

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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