The Property House presents a prime investment opportunity in the sought-after area of Peyia, Paphos—just moments from the coastline and offering panoramic views of the sea from most units.
This well-maintained apartment building consists out of 16 spacious units, where out of 10 apartments are for sale ideal for both short-term holiday rentals and long-term investment. The layout includes seven one-bedroom apartments, each offering 53 m² of internal space and 7 m² verandas, and three two-bedroom apartments with 74 m² interiors and 8 m² verandas. Two of the apartments, situated on the ground floor, enjoy private gardens of 22 m², providing additional outdoor space that enhances their rental appeal.
The property features a communal swimming pool, a sought-after amenity in the area, increasing its value and desirability for tenants and holiday makers alike.
While the building itself is structurally in good condition, the apartments would benefit from a light renovation, estimated at approximately €8,000 per unit—an affordable upgrade that would significantly increase both the rental yield and resale value. Two of the ten units are already rented, offering immediate income and investment security from day one.
Located in the charming and vibrant village of Peyia, residents benefit from proximity to local shops, restaurants, beaches, and amenities, all while enjoying peaceful surroundings and scenic sea views.
Whether you're looking to renovate and resell, lease as holiday rentals, or maintain a steady long-term rental income, this property presents exceptional potential and versatility for investors seeking returns in one of Paphos’ most in-demand areas.
For more information or to schedule a viewing, please contact The Property House.