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