2-Bed Villa 70 sqm with Pool - Kouremenos
€350,000
Description
New-build villa of 70 sqm in Kouremenos, Itanos, completed in 2024. Features 2 bedrooms, 1 bathroom. Key highlights: 500m from the sea, sea views, swimming pool, fireplace, garden. High-end finishes and premium materials at €5000/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
71 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
12,958 - 0 €
Estimated gross yield
Net after expenses & taxes: 3.4%*
Estimate based on 113 Airbnb comparables in the Sitia area (2±1 bedrooms). Adjusted median rate: €119/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
Kouremenos is eastern Crete's most renowned kitesurfing spot, attracting a niche of sports travellers willing to pay for the setting. An independent villa with private pool and sea views, 500m from the beach: the positioning is clear. At EUR 5,000/sqm for 70 sqm, the price is high relative to the Sitia area average (~EUR 2,500/sqm), but the scarcity of this product on this micro-market partly justifies it. Median ADR in the Sitia area is around EUR 119/night for 2-bedroom properties, giving a modest gross yield of ~5.3%. The fireplace and wheelchair access are additional assets for broadening the off-season clientele. Best considered as a holiday home with supplementary income rather than a pure rental investment.
2-Bed Villa 70 sqm with Pool - Kouremenos
€350,000
2
bedrooms
1
bathroom
70
sqm