EstateRadar
SMART SEARCH · RIGHT PROPERTY
Crete, Greece

2-bedroom penthouse for sale

2 Bed 87 Ref. ER-GRC-3317
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AI Score
EstateRadar AI summary

This 2-bedroom penthouse in Crete is asking €415,000, falling 9.65% below the area median of €5,280/m² (this property at €4,770/m²). The preliminary estimate range is €413,527–€549,266 based on 12 comparables, with Medium confidence. The asking price sits near the lower bound of the estimated range, suggesting fair positioning relative to recent comparable sales in the area.

Below area medianMedium confidenceBeachfront locationRental yield potential

Why EstateRadar AI picked this

Asking price €4,770/m² is approximately 10% below the area median, potentially offering value in a waterfront setting
Gross yield of 5.7% and B-grade investment rating indicate moderate rental income potential for a coastal property
Medium confidence based on 12 comparable sales; preliminary estimate range of €413,527–€549,266 provides context but not certainty

Overview

Internal area
87 m²
Bedrooms
2
Reference
ER-GRC-3317

Investment analysis

Monthly rent€1,971
Annual rent€23,655
Expenses (annual)€6,623
Net income€17,032
ROI
5.7%
Yield
5.7%
Payback
24.4y

EstateRadar preliminary estimate

Estimated value range
€413,527€549,266
Confidence: Medium · 68%12 comparables
Area median€5,280/m²
This property€4,770/m²
vs area median9.7% 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.

Negotiation insight

Room to negotiate
~2.1%
Recommended offer
€406,000
Deal probability
Low 20%

2 days on market · asking is 9.7% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate
Walk
65
Schools
55
Quiet
72
Sea
92

Location

· approximate area
Approximate location

Description

This 2-bedroom penthouse is located west of Crete in the Chania region, just 15 minutes from the city centre. Positioned on a beachfront with direct access to the sand, it offers magnificent views of the Mediterranean Sea and surrounding mountains. The property features contemporary design with local materials and enjoys the amenities of a well-landscaped residential setting with communal facilities including a themed pool and lush gardens.

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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