Apartment 2 bed 81 sqm with pool & sea view - Ierapetra
€195,000
Description
Brand new apartment of 81 sqm in Ierapetra, Ierapetra, recently completed or under construction. Features 2 bedrooms, 1 bathroom, located on the 3rd floor with elevator access. Key highlights: just 10m from the sea, sea views, swimming pool. Modern construction with quality materials at €2407/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
68 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
12,410 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.6%*
Estimate based on 145 Airbnb comparables in the Ierapetra area (2±1 bedrooms). Adjusted median rate: €114/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
Ten metres from the sea in central Ierapetra is rare for a new build at this price point. At EUR 2,407/sqm, the property sits 20% above the local average, but the location justifies the premium: this is an urban seafront with shops and restaurants on foot. The 2-bedroom layout with shared pool and elevator targets couples and small groups well during the season. Key consideration: at this price per sqm, local Airbnb comparables (median ADR ~EUR 114/night) cap the gross yield around 7%. The new-build co-ownership also means shared charges that should be verified before making an offer.
Apartment 2 bed 81 sqm with pool & sea view - Ierapetra
€195,000
2
bedrooms
1
bathroom
81
sqm