Crete, Greece

2-bedroom penthouse for sale

2 Bed 1 Bath 79 m² Ref. ER-GRC-3424

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AI Score

EstateRadar AI summary

This 2-bedroom penthouse in Crete is asking €495,000, which sits 18.7% above the area median of €5,280/m² (this property at €6,266/m²). The computed valuation range is €375,501–€498,759 based on 12 comparables with medium confidence, making the asking price near the upper end of estimates.

18.7% above area medianMedium confidence valuationBeachfront penthouseGrade D investment

Why EstateRadar AI picked this

Asking price (€6,266/m²) significantly exceeds local median (€5,280/m²), limiting upside potential for buyers

Gross rental yield of 4.3% with D-grade investment profile suggests modest income return relative to valuation risk

12 comparable transactions provide reasonable data foundation, though medium confidence indicates some variability in local market pricing

Overview

Internal area

79 m²

Bedrooms

Bathrooms

Reference

ER-GRC-3424

Investment analysis

Monthly rent£1,518

Annual rent£18,214

Expenses (annual)£5,100

Net income£13,114

ROI

4.3%

Yield

4.3%

Payback

32.3y

EstateRadar preliminary estimate

Estimated value range

£321,327 – £426,803

Confidence: Medium · 68%12 comparables

Area median£4,518/m²

This property£5,362/m²

vs area median18.7% above

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

~8.0%

Recommended offer

£389,357

Deal probability

High 92%

2 days on market · asking is 18.7% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Description

This beachfront penthouse in western Crete, near Chania, offers a 2-bedroom layout across 79 m² on a prime seaside location. The property features Mediterranean Sea and mountain views from a contemporary development characterized by extensive use of local materials, landscaped gardens, and communal amenities including a themed pool. Direct beach access and proximity to Chania's city centre make it an appealing coastal residence.

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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