3-Bedroom Apartment in Makrigialos, 300 m from the Beach
€250,000
Description
On the first floor of a residential building in Makrigialos, this 154 sqm apartment offers three bedrooms, an open-plan living area with kitchen and two shower rooms. The front-facing layout ensures consistent natural light throughout. Set 300 metres from the pebble beach of Makrigialos, one of the most sought-after spots on the Lasithi coastline, the property sits within a lively village with year-round services. Double glazing and two separate WCs meet the standards expected by quality-conscious holidaymakers. Makrigialos runs on the rhythm of its long season, from April through October. Mornings start with fishermen selling the day's catch on the waterfront while taverna terraces set up facing the sea. Evenings mean dinner on the sand, two minutes from your front door. At EUR 1,623/sqm, the price sits well below the 2,200 EUR/sqm seen on the north coast, making this one of the most accessible entry points on the Cretan shoreline.
Features
Rental estimate
Estimated nightly rate
66 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
17,369 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.5%*
Blended estimate from Kairos ADR model + 9 Airbnb comparables (EUR 126/night effective, Makrigialos zone, 3 bedrooms, no pool). Costs deducted: ENFIA, maintenance, insurance, progressive Greek income tax. Excluding property management fees.
* Gross yield = annual rental income ÷ purchase price. Net yield deducts running costs (maintenance, insurance, ENFIA) and Greek income tax on rental revenue. Estimates based on local market data — results not guaranteed.
The Kairos take
Our unfiltered, on-the-ground analysis
At EUR 1,623/sqm, this property sits at the lower end of the Makrigialos market for a village with genuine rental demand and a long season. The 154 sqm layout across three bedrooms is a format that works well for short-term lets targeting family groups and couples travelling with children. The absence of a sea view and private pool limits premium pricing power, but the price-to-size ratio is sound. Key due diligence point: verify the general condition of the building and monthly service charges before making an offer. Gross rental income over a full season is realistically estimated between EUR 15,000 and 19,000 depending on occupancy rates. A credible entry-level investment for buyers who prioritise fundamentals over speculation.
3-Bedroom Apartment in Makrigialos, 300 m from the Beach
€250,000
3
bedrooms
2
bathrooms
154
sqm