Crete, Greece

1-bedroom penthouse for sale

1 Bed 1 Bath 51 m² Ref. ER-GRC-8583

EstateRadar KI-Zusammenfassung

This 1-bedroom penthouse is estimated at €242k–€322k, sitting 12.7% below the area median of €5,280/m² (asking €4,608/m²). With medium confidence based on 12 comparables, this represents a preliminary estimate rather than a definite valuation—the asking price of €235k is slightly below the lower bound of the range.

Below area medianMedium confidenceBeachfront locationFurnished & equipped

Why EstateRadar AI picked this

Asking price €235k trails the estimated range floor (€242k) by ~€7k, suggesting modest upside or fair positioning

Per-m² rate of €4,608 undercuts area median by 12.7%, typical of smaller units or less-prime micro-locations

Gross yield of 5.9% and investment grade B indicate reasonable rental potential, though not a high-return outlier

12 comparables provide moderate conviction; confidence level explicitly marked Medium

Überblick

Internal area

51 m²

Bedrooms

Bathrooms

Reference

ER-GRC-8583

Investitionsanalyse

Monthly rent€1,155

Annual rent€13,865

Expenses (annual)€3,882

Net income€9,983

ROI

5.9%

Yield

5.9%

Payback

23.5y

EstateRadar vorläufige Schätzung

Estimated value range

€242,412 – €321,984

Confidence: Medium · 68%12 comparables

Area median€5,280/m²

This property€4,608/m²

vs area median12.7% 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

€230,000

Deal probability

Low 20%

1 days on market · asking is 12.7% 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

A charming 1-bedroom penthouse situated in a serene beachfront location on Crete's renowned Maleme Beach. This unit offers a peaceful retreat in a popular tourist area, centred around a large communal pool ideal for relaxation. Fully furnished with built-in appliances, it provides a comfortable and convenient living experience in a prime coastal setting.

Marketed by 1 Island Estates

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