2-Bedroom Apartment with Pergola, Makrigialos
€265,000
Description
A 146 sqm apartment on the first floor in Makrigialos, 300 metres from the sea. Two bedrooms, a generous living room, a bathroom and a wooden pergola with views of the Lasithi mountains. South-facing orientation provides optimal sunlight year-round. The property is functional, clean and ready to move into. From the pergola, the view opens onto the Lasithi mountains, a different perspective from the sea-facing apartments. The south-facing orientation delivers sunshine year-round, including in low season when hikers and couples look for quiet retreats. At EUR 1,815/sqm, this is the most accessible entry point for habitable property in Makrigialos, with a price gap of over 35% compared to western Crete.
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: 3.2%*
Blended estimate: Kairos ADR model + 82 Airbnb comparables (EUR 103/night, makrigialos 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
The most accessible entry ticket in Makrigialos. EUR 265,000 for 146 sqm at EUR 1,815/sqm: below every comparable in the village. The pergola with mountain views adds photographic appeal. Two bedrooms limit rental potential to couples, but that is a stable segment. The single bathroom is a constraint for groups. Estimated gross yield: 6 to 8%. Well suited to a first investment or a budget-friendly holiday home.
2-Bedroom Apartment with Pergola, Makrigialos
€265,000
2
bedrooms
2
bathrooms
146
sqm