Crete, Greece

2-bedroom penthouse for sale

2 Bed 1 Bath 84 m² Ref. ER-GRC-1341

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AI Score

EstateRadar AI summary

This 2-bedroom penthouse in Crete is asking €395,000, below the computed valuation range of €399,267–€530,326. At €4,702/m², it sits approximately 11% below the area median of €5,280/m², supported by 12 comparables with Medium confidence. The investment metrics show a gross yield of 5.8% (Grade B).

Below area medianMedium confidenceBeachfront location2-bed penthouse

Why EstateRadar AI picked this

Asking price sits within lower end of valuation range, suggesting modest value relative to comparables

Below-median €/m² pricing reflects either market conditions or property-specific factors

5.8% gross yield and Grade B investment score indicate reasonable rental potential for a coastal asset

Beachfront setting and sea views typically support premium positioning, though current pricing suggests caution

Overview

Internal area

84 m²

Bedrooms

Bathrooms

Reference

ER-GRC-1341

Investment analysis

Monthly rent€1,909

Annual rent€22,910

Expenses (annual)€6,415

Net income€16,495

ROI

5.8%

Yield

5.8%

Payback

23.9y

EstateRadar preliminary estimate

Estimated value range

€399,267 – €530,326

Confidence: Medium · 68%12 comparables

Area median€5,280/m²

This property€4,702/m²

vs area median10.9% 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

€387,000

Deal probability

Low 20%

1 days on market · asking is 10.9% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Description

This exclusive 2-bedroom penthouse is situated on a beachfront location in western Crete, just 15 minutes from Chania town. Set within a prestigious coastal development on a sandy beach, the property offers magnificent Mediterranean views and mountain vistas. The development features luxury apartments and penthouses with roof gardens, maisonnettes and villas, extensive landscaped gardens with local materials, and communal facilities including a themed pool and scenic water features.

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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