Crete, Greece

2-bedroom penthouse for sale

2 Bed 1 Bath 79 m² Ref. ER-GRC-7491

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AI Score

EstateRadar AI summary

This 2-bedroom, 79 m² penthouse in Crete is listed at €465,000, placing it 11.5% above the area median of €5,280/m² (€5,886/m² asking). The computed valuation range of €375,501–€498,759 (Medium confidence, 12 comparables) brackets the asking price within the upper half; preliminary assessment suggests modest overpricing relative to recent comparable sales. Gross yield of 4.6% and investment grade D indicate moderate rental potential but limited capital appreciation prospects.

Above area medianMedium confidenceBeachfront locationIncome-producing asset

Why EstateRadar AI picked this

Asking price sits 11.5% above area median €/m², suggesting limited upside relative to comparables-based valuation range.

Gross rental yield of 4.6% provides modest income; investment grade D reflects below-average capital appreciation potential.

Beachfront location and penthouse format offer lifestyle and tourism rental appeal, offsetting valuation concerns.

Medium confidence based on 12 comparables; preliminary estimate only—local market conditions and project-specific factors may shift final value.

Overview

Internal area

79 m²

Bedrooms

Bathrooms

Reference

ER-GRC-7491

Investment analysis

Monthly rent£1,526

Annual rent£18,304

Expenses (annual)£5,125

Net income£13,179

ROI

4.6%

Yield

4.6%

Payback

30.2y

EstateRadar preliminary estimate

Estimated value range

£321,327 – £426,803

Confidence: Medium · 68%12 comparables

Area median£4,518/m²

This property£5,037/m²

vs area median11.5% 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

£366,252

Deal probability

High 92%

2 days on market · asking is 11.5% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Description

Located on a pristine beachfront in Chania, western Crete, this 2-bedroom penthouse sits just 15 minutes from the city centre. The property features stunning Mediterranean Sea and mountain views, set within a luxury beachfront community complete with landscaped gardens, communal pool, and waterfront amenities. With direct beach access and modern finishes typical of the development, it offers both residential appeal and rental income potential in a prestigious seaside location.

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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