Apartment 3 bed 198 sqm with pool & sea view - Agios Nikolaos - Center
€427,000
Description
Brand new apartment of 198 sqm in Agios Nikolaos - Center, 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.
Apartment 3 bed 198 sqm with pool & sea view - Agios Nikolaos - Center
€427,000
3
bedrooms
1
bathroom
198
sqm