Crete, Greece

1-bedroom penthouse for sale

1 Bed 1 Bath 52 m² Ref. ER-GRC-2118

EstateRadar AI summary

This 1-bedroom penthouse is estimated at €247,000–€328,000 based on 12 comparables with medium confidence. The asking price of €235,000 sits 14.4% below the local median of €5,280/m² (this property at €4,519/m²), suggesting potential value, though the preliminary estimate should be verified with further market data.

Below area medianMedium confidenceBeachfront locationRental-focused

Why EstateRadar AI picked this

Asking price is €4,519/m², significantly lower than the area median €5,280/m², indicating price advantage

Gross yield ROI of 6.0% and investment grade B suggest moderate income-generating potential for rental investors

Valuation range €247k–€328k reflects 12 comparable sales; medium confidence means the estimate is reasonable but not definitive

Overview

Internal area

52 m²

Bedrooms

Bathrooms

Reference

ER-GRC-2118

Investment analysis

Monthly rent€1,175

Annual rent€14,100

Expenses (annual)€3,948

Net income€10,152

ROI

6.0%

Yield

6.0%

Payback

23.1y

EstateRadar preliminary estimate

Estimated value range

€247,165 – €328,297

Confidence: Medium · 68%12 comparables

Area median€5,280/m²

This property€4,519/m²

vs area median14.4% 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.

Negotiation insight

Room to negotiate

~2.0%

Recommended offer

€230,000

Deal probability

Low 20%

1 days on market · asking is 14.4% below our AI valuation. Estimate only — not financial advice.

Neighborhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Distances from OpenStreetMap · approximate.

Description

A charming 1-bedroom penthouse located in a serene beachfront setting on a well-known beach. This fully furnished apartment centres on a large communal pool, perfect for relaxing and enjoying sunny days. The unit comes equipped with built-in appliances, providing comfortable and convenient living for both permanent residence and holiday rental appeal.

Marketed by 1 Island Estates

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

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