Apartment 2 bed 135 sqm with pool & sea view - Ierapetra
€470,000
Description
Brand new apartment of 135 sqm in Ierapetra, Ierapetra, recently completed or under construction. Features 2 bedrooms, 2 bathrooms, located on the 4th floor with elevator access. Key highlights: just 5m from the sea, sea views, swimming pool. High-end finishes and premium materials at €3481/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: 2.4%*
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
Five metres from the sea on the 4th floor with elevator: this is practically waterfront, a powerful selling point on booking platforms. At EUR 3,481/sqm, the price sits 74% above the Ierapetra average, positioning this property in the local high end. 135 sqm for 2 bedrooms offers a generous space-to-room ratio, but Ierapetra's median ADR remains modest (~EUR 114/night), capping gross yield at ~3.7%. This is more of a heritage seafront purchase than a high-yield investment. Ierapetra, the southernmost city in Europe, offers a mild microclimate and a tourist season that is progressively extending. One to consider for the long term.
Apartment 2 bed 135 sqm with pool & sea view - Ierapetra
€470,000
2
bedrooms
2
bathrooms
135
sqm