3-Bedroom Apartment 88 m from the Sea, Ierapetra
€267,000
Description
On the first floor in central Ierapetra, this 107 sqm apartment provides three bedrooms, two bathrooms and a balcony just 88 metres from the sea. Built in 1989 and renovated, it features air conditioning, heating and private parking. The town centre is on the doorstep: shops, tavernas and the seafront promenade. At 88 metres from the sea, mornings start with coffee overlooking the waves from the balcony. The fish market is a five-minute walk, the seafront promenade just two. In the evening, dinner at the harbour tavernas requires no car. Ierapetra, the southernmost city in Europe, offers over 300 days of sunshine a year and a pace of life where the sea is part of the everyday, not the exception.
Features
Rental estimate
Estimated nightly rate
60 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
15,991 - 0 €
Estimated gross yield
Net after expenses & taxes: 3.8%*
Blended estimate: Kairos ADR model + 13 Airbnb comparables (EUR 116/night, ierapetra zone, 3 bedrooms). Excluding 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
Outstanding location at 88 metres from the sea in central Ierapetra. Three bedrooms at this price (EUR 267,000) is the right rental format for family stays. Town centre access on foot is a genuine advantage for guests without a car. Key check: 1989 construction requires a structural survey and co-ownership review. Estimated gross yield: 6 to 8% with a realistic occupancy rate of 40 to 50%. Ierapetra does not yet have Makrigialos-level visibility on platforms, but demand is growing each season.
3-Bedroom Apartment 88 m from the Sea, Ierapetra
€267,000
3
bedrooms
2
bathrooms
107
sqm