3-Bed Apartment 198 sqm with Pool - Agios Nikolaos
€427,000
Description
Brand new apartment of 198 sqm in Agios Nikolaos, Agios Nikolaos, recently completed or under construction. Features 3 bedrooms, 1 bathroom, located on the 1st floor. Key highlights: 448m from the sea, sea views, swimming pool, fireplace. High-end finishes and premium materials at €2157/sqm. Ideal short-term rental configuration with pool and sea views, the two most sought-after features by holidaymakers.
Features
Rental estimate
Estimated nightly rate
205 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
37,412 - 0 €
Estimated gross yield
Net after expenses & taxes: 5.2%*
Estimate based on 36 Airbnb comparables in the Agios Nikolaos area (3±1 bedrooms). Adjusted median rate: €342/night. Conservative 50% occupancy (Lassithi). Net yield deducts: ~20% property management, ENFIA, maintenance, insurance, Greek income tax.
* 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
198 sqm for EUR 427,000, or EUR 2,157/sqm: this is the lowest price per sqm in Agios Nikolaos in this batch, 33% below the city average. The explanation: the property is on the 1st floor (no private garden), and 448m from the sea. But the floor area is exceptional for a 3-bedroom, with fireplace and shared pool. This spacious format can command premium Airbnb rates if the interior is well appointed. Median ADR for the area for 3-bedroom apartments hovers around EUR 200-280/night. Estimated gross yield around 8% assumes 50% occupancy. A strong case for a buyer seeking space at a controlled price in an established tourist town.
3-Bed Apartment 198 sqm with Pool - Agios Nikolaos
€427,000
3
bedrooms
1
bathroom
198
sqm