Crete, Greece

2-bedroom penthouse for sale

2 Bed 87 m² Ref. ER-GRC-3091

Rossi your AI assistant

I already analyzed this property — here's what stands out.

Take: Solid all-round option.

“You'd get real privacy here — not stacked on top of the neighbours.”

AI Score

EstateRadar AI summary

This 2-bedroom penthouse in Crete is asking €445,000, placing it 3.1% below the local area median of €5,280/m² (valued here at €5,115/m²). The AI's preliminary estimate ranges €413,527–€549,266 with medium confidence based on 12 comparables; at the asking price, it sits comfortably within that band and offers a 5.3% gross rental yield if let annually.

Below area medianMedium confidenceBeachfront locationGrade C investment

Why EstateRadar AI picked this

Asking price is 3.1% below the area median €/m², suggesting modest value relative to local peers

Medium confidence rating reflects a reasonable sample of 12 comparable sales, neither sparse nor extensive

Gross rental yield of 5.3% is the primary income driver for investment-grade assessment; however, Grade C indicates moderate risk or limited upside potential

Waterfront positioning in Pirgos Psilonerou typically supports coastal holiday rental demand in Crete

Overview

Internal area

87 m²

Bedrooms

Reference

ER-GRC-3091

Investment analysis

Monthly rent£1,682

Annual rent£20,182

Expenses (annual)£5,651

Net income£14,531

ROI

5.3%

Yield

5.3%

Payback

26.2y

EstateRadar preliminary estimate

Estimated value range

£353,867 – £470,023

Confidence: Medium · 68%12 comparables

Area median£4,518/m²

This property£4,377/m²

vs area median3.1% 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

£373,098

Deal probability

Low 37%

2 days on market · asking is 3.1% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Description

Located in the prestigious coastal region of Pirgos Psilonerou, just 15 minutes west of Chania, this 2-bedroom penthouse commands a beachfront setting with unobstructed Mediterranean views and mountain backdrop. The home benefits from contemporary design informed by local materials and lush landscaped grounds integrated into a thoughtfully planned residential community. Residents enjoy access to communal leisure facilities including a themed pool and landscaped gardens, while the proximity to the beach offers immediate seaside lifestyle appeal.

Marketed by 1 Island Estates

EstateRadar is a technology platform, not an agency. This listing is handled by 1 Island Estates.

Similar properties

£372,000

2-bedroom penthouse for sale

Kato Paphos, Paphos

ROI 5.5%

£398,000

2-bedroom penthouse for sale

Crete, Greece

ROI 4.6%

£355,000

2-bedroom penthouse for sale

Crete, Greece

ROI 5.7%