New-Build 2-Bedroom Maisonette with Pool, 300 m from the Sea
€155,000
Description
Small new-build residential complex in Lagkada, a coastal hamlet 300 metres from Lagoufa beach and 2 km from the village of Makrigialos. Several units available, each maisonette covers 75 sqm over two levels. The semi-basement houses two bedrooms, two shower rooms and a storage room. The ground floor opens onto a bright living area with open kitchen facing the garden and the shared pool. Sea views from the terrace. Solar panels, air conditioning, sold furnished and equipped. The Lagkada area is developing steadily, with limited rental competition and direct access to one of Lasithi's top-rated beaches. At EUR 2,067/sqm, this is one of the most accessible entry points for a new-build property with pool access in southeast Crete.
Features
Rental estimate
Estimated nightly rate
45 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
8,213 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.9%*
Blended estimate from Kairos ADR model + 12 Airbnb comparables (EUR 71/night median, Makrigialos zone, 2 bedrooms). Adjusted -15% for shared pool (vs private). Occupancy aligned with Lasithi average (~50%). Net yield deducts: ENFIA, maintenance, insurance, progressive Greek income tax. Excluding property 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
At EUR 155,000 for a new-build furnished property with pool access 300 m from the sea, the price per sqm (EUR 2,067) sits well below the north coast average (EUR 2,800-3,200/sqm). This is the type of property that rents easily on platforms: 2 bedrooms, pool, beach within walking distance. The maisonette format (2 levels) appeals to couples and small families. Key strength: the complex is brand new, so no renovation costs for the first decade. Key consideration: the shared pool limits premium pricing power. Airbnb comparables in Makrigialos for 2 bedrooms without a private pool sit around EUR 70/night. With the shared pool and new-build condition, EUR 75-85/night in season is a realistic target. At this purchase price, the estimated 7.6% gross yield is among the highest in the area. Lagkada is in an early development phase: few active rentals, which is both a risk (demand still building) and an opportunity (no saturation).
New-Build 2-Bedroom Maisonette with Pool, 300 m from the Sea
€155,000
2
bedrooms
2
bathrooms
75
sqm