An Exceptional Luxury Residence With Investment Potential In Agios Nikolaos
€950,000
Description
The landscaped outdoor space, rich with mature trees and Mediterranean vegetation, offers sufficient room for the construction of a swimming pool, significantly enhancing rental appeal and overall asset value. Parking space and storage facilities complete the property’s functional excellence.
Features
Rental estimate
Estimated nightly rate
173 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
58,176 - 0 €
Estimated gross yield
Net after expenses & taxes: 4%*
Estimate based on Kairos ADR model. May-October season, 65% occupancy. Net after expenses (15%) and progressive 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
Price per sqm: €3167/sqm, average for the Lassithi region. 400 m from the sea, good balance between beach access and tranquility. Private pool is a significant revenue driver on the Cretan market (+€25-40/night on average). Estimated net yield: 4.0% (gross 7.2%), attractive yield for Agios Nikolaos. Based on Kairos ADR model, May-October season, 65% occupancy.
An Exceptional Luxury Residence With Investment Potential In Agios Nikolaos
€950,000
7
bedrooms
5
bathrooms
300
sqm