Apartment 2 bed 135 sqm with pool & sea view - Ierapetra - Center
€470,000
Description
Brand new apartment of 135 sqm in Ierapetra - Center, 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 - Center
€470,000
2
bedrooms
2
bathrooms
135
sqm