Paphos, Geroskipou, Cyprus
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
4
- BATHROOMS
1
- SIZE
2,325 sq ft
216 sq m
Description
Property Overview
Location: Geroskipou, Paphos
Asking Price: €630,000
Property Type: Multi-unit residential building (4 times 1-bedroom apartments)
Construction Year: 2020
Plot Size: 456 SQM
Building Density: 120%
Current Financials: Generating a monthly income of €2,850 (€34,200 annually) with strong room for rental optimization based on current market rates.
Apartment Features
Each of the four practically designed, open-plan units offers contemporary comfort, abundant natural light, and high tenant appeal:
Spacious bedrooms with built-in wardrobes
Modern, fully-fitted kitchens and stylish bathrooms
Dedicated parking spaces and private storage units for each apartment
Communal roof terrace offering pleasant views, ideal for tenant relaxation
Location & Market Advantages
Situated in one of Paphos's most sought-after and thriving residential hubs, Geroskipou offers a perfect blend of traditional charm and modern convenience. With the local rental market experiencing sharp, sustained upward momentum driven by expat relocations, digital nomads, and high demand for long-term housing, this asset is perfectly positioned for capital appreciation and strong rental yields.
Value-Add & Development Potential
Set on a generous 456 SQM plot with a 120% building density allowance, the existing structure occupies a footprint of only 215.45 SQM. This leaves substantial untapped building density, offering investors a rare opportunity for future vertical expansion or structural additions to maximize long-term ROI.
An ideal, turnkey acquisition for savvy investors looking for immediate cash flow combined with long-term land banking value.
Paphos, Geroskipou, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Pafos(International)4.1 miles
- Ercan(Local)65.0 miles
- Larnaka(International)67.7 miles
Advice on buying Cypriot property
Learn everything you need to know to successfully find and buy a property in Cyprus.
Notes
This is a property advertisement provided and maintained by Fox Smart Estate, Limassol (reference 34611) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.