Crete, Greece

1-bedroom penthouse for sale

1 Bed 1 Bath 40 m² Ref. ER-GRC-3749

EstateRadar KI-Zusammenfassung

This 1-bedroom penthouse in Crete is asking €198,000 (€4,950/m²), which is 6.2% below the local area median of €5,280/m². The AI estimates a valuation range of €190,127–€252,536 based on 12 comparables, indicating Medium confidence. At this asking price, it represents a preliminary modest discount to area market rates, though the wide valuation range reflects moderate certainty.

Below area median (−6.2%)Medium confidenceBeachfront locationInvestment Grade C

Why EstateRadar AI picked this

Asking price sits 6.2% below the local €/m² median, suggesting relative value in the Chania coastal market

Gross yield of 5.5% and investment grade C indicate moderate rental potential but higher risk profile

12 comparable sales provide a reasonable data foundation, though confidence remains Medium rather than high

Überblick

Innenfläche

40 m²

Schlafzimmer

Badezimmer

Referenz

ER-GRC-3749

Investitionsanalyse

Miete/Monat€908

Miete/Jahr€10,890

Expenses (annual)€3,049

Nettoeinkommen€7,841

ROI

5.5%

Rendite

5.5%

Amortisation

25.3y

EstateRadar vorläufige Schätzung

Estimated value range

€190,127 – €252,536

Confidence: Medium · 68%12 comparables

Median der Gegend€5,280/m²

Diese Immobilie€4,950/m²

vs area median6.2% below

EstateRadar preliminary estimate · sources: EstateRadar listings · 2026-08-01. Based on comparable asking prices, not official transaction data. Not a valuation by a licensed surveyor.

Verhandlungsanalyse

Room to negotiate

~2.0%

Recommended offer

€194,000

Deal probability

Low 27%

1 days on market · asking is 6.2% below our AI valuation. Estimate only — not financial advice.

Umgebung

· AI area estimate

Walk

Schools

Quiet

Sea

Lage

· approximate area

Distances from OpenStreetMap · approximate.

Beschreibung

This 1-bedroom penthouse is situated west of Crete in the Chania region, just 15 minutes from the city centre. Set on a beachfront location with direct beach access, it offers magnificent views of the Mediterranean Sea and surrounding mountains. The development features luxury finishes, lush landscaped gardens of local character, and comprehensive communal amenities including a large themed pool, all designed to blend seamlessly with the natural environment.

Angeboten von 1 Island Estates

EstateRadar is a technology platform, not an agency. This listing is handled by 1 Island Estates.