EstateRadar
SMART SEARCH · RIGHT PROPERTY
Crete, Greece

1-bedroom penthouse for sale

1 Bed 1 Bath 40 Ref. ER-GRC-3749
Σύνοψη AI EstateRadar

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

Επισκόπηση

Internal area
40 m²
Bedrooms
1
Bathrooms
1
Reference
ER-GRC-3749

Επενδυτική ανάλυση

Monthly rent€908
Annual rent€10,890
Expenses (annual)€3,049
Net income€7,841
ROI
5.5%
Yield
5.5%
Payback
25.3y

Προκαταρκτική εκτίμηση EstateRadar

Estimated value range
€190,127€252,536
Confidence: Medium · 68%12 comparables
Area median€5,280/m²
This property€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.

Ανάλυση διαπραγμάτευσης

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.

Γειτονιά

· AI area estimate
Walk
62
Schools
50
Quiet
72
Sea
88

Τοποθεσία

· approximate area
Approximate location

Distances from OpenStreetMap · approximate.

Περιγραφή

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.

1 Island Estates
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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