1309 €/sq.m.
In Diakopto, Achaia, just 250 metres from the sea, this residential complex represents a complete investment project combining three key characteristics of a real estate investment: strong income potential, immediate operational capability and significant scope for further enhancement and value creation. The complex is developed on a 1,500 sq.m. plot, with a total built area of 420 sq.m., and consists of 10 fully independent maisonettes. Based on the current investment profile, the property offers an estimated yield of approximately 7.5%–8%, providing an attractive foundation both for immediate income generation and for the further development of the project. One of the property's strongest investment advantages is its very good existing condition. The complex does not require extensive or costly construction works in order to be upgraded. Instead, targeted aesthetic and functional improvements can be implemented with controlled investment and within a relatively short timeframe, allowing the new owner to reposition the property in the market and potentially achieve higher rental rates, stronger occupancy and an improved overall return. Seven of the ten maisonettes feature a fireplace, while each residence operates independently, providing considerable flexibility in terms of investment strategy. The complex can support short-term, seasonal or long-term rentals, serviced apartments, as well as the development of a unified hospitality concept. The outdoor areas further strengthen the commercial potential of the project. Within the 1,500 sq.m. grounds there are landscaped green areas, trees, verandas, three BBQ areas and 15 open-air parking spaces, providing an established infrastructure for the further tourism and holiday accommodation development of the complex. Location is another key component of the investment proposition. Being only 600 metres from the sea gives the property a clear holiday character throughout the spring and summer seasons. However, Diakopto holds an important advantage over a conventional seaside destination, as its tourism appeal is not limited exclusively to the summer months. Diakopto is the starting point of the historic Diakopto–Kalavryta Rack Railway, known as Odontotos, one of Greece's most distinctive railway experiences. Its spectacular route through the Vouraikos Gorge connects the coastal area with Kalavryta, creating a unique combination of seaside, nature and mountain tourism. This gives Diakopto a particularly interesting tourism profile throughout the year. During the warmer months, the sea and the wider coastline are major attractions, while during autumn and winter, the Rack Railway, the Vouraikos Gorge and the connection with Kalavryta provide additional reasons for visitors to choose the area. For an investment property, this combination of sea, mountain, nature and tourism activity across different seasons represents an important advantage. It creates the potential to target different visitor profiles throughout the year and reduces the property's dependence on a purely seasonal summer rental model. In addition, the overall project offers the option to acquire an additional fully independent 50 sq.m. maisonette with a fireplace. This unit can be incorporated into the investment with a corresponding adjustment to the purchase price, increasing both the overall size of the asset and its potential income-generating capacity. This is therefore more than the acquisition of a residential complex. It is an income-producing real estate project with an estimated yield of 7.5%–8%, immediate operational potential, relatively limited additional capital requirements for further enhancement and substantial scope for value creation through a focused investment strategy. Skouras Real Estate #1 Greek Real Estate Agency in the Peloponnese 6 Offices: Nafplio | Kalamata | Corinth | Porto Heli | Patras | Gialova 3,000+ Properties | 18+ Years of Experience | Support in 5 Languages 🥇 Mar
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