Crete, Greece

3-bedroom penthouse for sale

3 Bed 2 Bath 85 m² Ref. ER-GRC-9889

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AI Score

EstateRadar AI summary

This 3-bedroom penthouse in Crete is listed at €595,000 (€7,000/m²), which is 32.6% above the area median of €5,280/m². Our comparables-based analytics estimate a range of €404,020–€536,639, suggesting the asking price is notably high. Medium confidence is based on 12 comparable transactions.

32.6% above area medianMedium confidenceBeachfront locationInvestment grade D

Why EstateRadar AI picked this

Asking price significantly exceeds computed valuation range (€595k vs. €404–537k estimate), indicating premium pricing

Gross yield of 3.9% and investment grade D reflect moderate rental income potential relative to price

Beachfront setting and sea views support market demand but do not justify the 33% premium over area median /m² rates

Overview

Internal area

85 m²

Bedrooms

Bathrooms

Reference

ER-GRC-9889

Investment analysis

Monthly rent£1,655

Annual rent£19,857

Expenses (annual)£5,560

Net income£14,298

ROI

3.9%

Yield

3.9%

Payback

35.6y

EstateRadar preliminary estimate

Estimated value range

£345,732 – £459,218

Confidence: Medium · 68%12 comparables

Area median£4,518/m²

This property£5,990/m²

vs area median32.6% 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

£468,084

Deal probability

High 92%

2 days on market · asking is 32.6% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Description

Located west of Crete in the Chania region, just 15 minutes from Chania city, this 3-bedroom penthouse sits on a beachfront site with direct beach access. The property offers magnificent Mediterranean Sea views and mountain vistas, set within a prestige development featuring luxury apartments, penthouses with roof gardens, maisonettes and villas. The setting includes landscaped gardens of local character using regional materials, a large communal pool and lush grounds.

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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