Newly Renovated 3-Story Property With Three Independent Studios, For Sale, In Kritsa
€114,000
Description
Each unit comes fully furnished and equipped with top-of-the-line amenities, including an induction cooktop, microwave, washing machine, sofa bed, A/C inverter for heating and cooling, bathroom heater with towel rack, and high-speed Wi-Fi. The water is efficiently heated either via a central solar panel or electric backup, ensuring convenience year-round.
Features
Rental estimate
Estimated nightly rate
86 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
28,836 - 0 €
Estimated gross yield
Net after expenses & taxes: 10%*
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: €2235/sqm, competitive for the Lassithi region. Estimated post-renovation net yield: 10.0% (gross 15.0%), attractive yield for Kritsa. Excluding renovation costs.
Newly Renovated 3-Story Property With Three Independent Studios, For Sale, In Kritsa
€114,000
3
bedrooms
3
bathrooms
51
sqm