3-Bedroom Apartment in Makrigialos with Terrace
€290,000
Description
On the first floor of a residence in Makrigialos, this 140 sqm apartment offers three bedrooms, two bathrooms and a bougainvillea-lined balcony. Set 300 metres from the beach, the L-shaped layout provides natural light and cross-ventilation. Double glazing, air conditioning and heating throughout. The flat is ready to move into or rent out. The bougainvillea-lined balcony is the first thing travellers see in the listing photos. That kind of image drives clicks. Three bedrooms is the sweet spot for families and multi-generational trips, a fast-growing segment on the south coast. South-east Crete runs a long rental season from April through October, with steady family demand. At EUR 2,071/sqm, the value-for-space ratio remains among the best in the village.
Features
Rental estimate
Estimated nightly rate
66 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
17,369 - 0 €
Estimated gross yield
Net after expenses & taxes: 3.7%*
Blended estimate: Kairos ADR model + 9 Airbnb comparables (EUR 126/night, makrigialos zone, 3 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
Strong value for space in Makrigialos. 140 sqm for EUR 290,000 works out at EUR 2,071/sqm, below the local median. The bougainvillea-lined terrace is a real asset for listing photography. Three bedrooms 300 metres from the beach: the rental format is clear. No pool limits nightly rates to EUR 80 to 150 depending on season, but booking volume compensates. Estimated gross yield: 7 to 9%. Straightforward rental investment, low-risk profile.
3-Bedroom Apartment in Makrigialos with Terrace
€290,000
3
bedrooms
2
bathrooms
140
sqm