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