3-Bed House 155 sqm with Pool - Kato Pines
€370,000
Description
Brand new house of 155 sqm in Kato Pines, Agios Nikolaos, recently completed or under construction. Features 3 bedrooms, 2 bathrooms, spread over 3 levels. Key highlights: sea views, swimming pool, fireplace. Modern construction with quality materials at €2387/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
205 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
37,412 - 0 €
Estimated gross yield
Net after expenses & taxes: 5.2%*
Estimate based on 36 Airbnb comparables in the Agios Nikolaos area (3±1 bedrooms). Adjusted median rate: €342/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
Kato Pines sits north of Agios Nikolaos, in a hilly area with open views over Mirabello Bay. At EUR 2,387/sqm, the price is 25% below the Agios Nikolaos average, and the 2,000 sqm plot provides real land value. The 155 sqm house across 3 levels with fireplace and pool has the ideal format for premium family rentals. Diesel heating and 3 floors mean higher maintenance costs than a single-storey property. The distance to the sea (~800m) absolutely requires a vehicle. Gross yield around 8% is realistic for this property type, but it is the quality of life and land appreciation potential that make this file most interesting.
3-Bed House 155 sqm with Pool - Kato Pines
€370,000
3
bedrooms
2
bathrooms
155
sqm