Building 400 sqm with pool, 313 m from the sea - Siteia
€600,000
Description
Character building of 400 m² located in the heart of Siteia, just 313 meters from the sea. This traditional stone property features 9 fully furnished and equipped apartments spread across 2 levels with city views. Authentic Greek architecture perfectly preserved in one of the economic centers of the Lassithi region.
Features
Rental estimate
Estimated nightly rate
77 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
19,799 - 0 €
Estimated gross yield
Net after expenses & taxes: 2.5%*
* 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
At 1500 EUR/m², attractive pricing for an income-generating building in central Siteia. The 9 furnished apartments generate a median ADR of 160 EUR/night with an estimated gross yield of 3.9%. Prime location 10 minutes walk from the beach in this dynamic port town.
Building 400 sqm with pool, 313 m from the sea - Siteia
€600,000
5
bedrooms
1
bathroom
400
sqm