Villa 3 bed 192 sqm with pool & sea view - Agia Varvara
€379,000
Description
New-build villa of 192 sqm in Agia Varvara, Vrachasi, completed in 2010. Features 3 bedrooms, 3 bathrooms, spread over 2 levels. Key highlights: sea views, swimming pool. High-end finishes and premium materials at €1974/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
338 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
61,685 - 0 €
Estimated gross yield
Net after expenses & taxes: 5.2%*
Estimate based on 13 Airbnb comparables in the Lasithi East area (3±1 bedrooms). Adjusted median rate: €564/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
At EUR 1,974/sqm for a 192 sqm villa with pool and sea views, the price is aggressive for Lassithi. Built in 2010, the villa is not new: 16 years mean budgeting for refurbishment (pool, facade, possibly roof). The Agia Varvara/Vrachasi area is rural and set back from the coast (650m from the sea), which explains the low price but also limits rental demand compared to central Agios Nikolaos. Three bedrooms and three bathrooms across 2 levels: the format works well for families. The energy certificate exemption is a point of attention. Realistic gross yield runs around 8% after adjusting the ADR to the rural context.
Villa 3 bed 192 sqm with pool & sea view - Agia Varvara
€379,000
3
bedrooms
3
bathrooms
192
sqm