Appartement rénové à 100 mètres de la mer, Ierapetra
€156,000
Description
On the third floor of a building in central Ierapetra, this renovated 80 sqm apartment comprises two bedrooms, a living room, a separate kitchen and a bathroom. Located 100 metres from the sea, the flat sits at height, benefits from double glazing and is within walking distance of all town-centre amenities. Renovated in 2020, it is in move-in condition and ready for the rental market. Ierapetra is the southernmost city in Europe. The Venetian fortress, the old town alleyways, the Saturday market: everything is on foot from this apartment. Walk out in the morning, reach the beach in five minutes. Head back in the evening and dine by the harbour. Over 300 days of sunshine a year give this coastline a rental season that stretches well into spring and autumn. At 1,950 EUR/sqm, the property sits in a coherent range for the town centre.
Features
Rental estimate
Estimated nightly rate
54 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
14,198 - 0 €
Estimated gross yield
Net after expenses & taxes: 6.4%*
Blended estimate: Kairos ADR model + 120 Airbnb comparables (EUR 103/night, ierapetra zone, 2 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
At 1,950 EUR per sqm, this property sits at the lower end of the Ierapetra town-centre market, which leaves limited room for negotiation but also limited risk of overpaying. The 2020 renovation removes the need for immediate works. Two bedrooms, 100 metres from the sea: the rental profile is straightforward, couples and small families on 7 to 14-night stays. Estimated gross yield ranges between 5 and 7% depending on occupancy rate achieved. Key point to check: the 1977 construction date requires a structural assessment and a review of the co-ownership accounts. No pool, no sea view: the price reflects that. This is a solid yield-focused asset, less suited to a short-term capital gain strategy.
Appartement rénové à 100 mètres de la mer, Ierapetra
€156,000
2
bedrooms
2
bathrooms
80
sqm