Traditional Cretan Home for Renovation in Milatos Village
€150,000
Description
Located in the traditional village of Milatos in Crete, this detached property offers a total living area of 130 sqm, spread over two floors. It consists of two independent houses, each with its own private entrance, making it ideal for extended families, guest accommodation, or rental investment.
Features
Rental estimate
Estimated nightly rate
67 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
22,611 - 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: €1154/sqm, competitive for the Lassithi region. Estimated post-renovation net yield: 10.0% (gross 15.0%), attractive yield for Milatos. Excluding renovation costs.
Traditional Cretan Home for Renovation in Milatos Village
€150,000
2
bedrooms
1
bathroom
130
sqm