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Corner house with large roof terrace
Ierapetra, Greece
REF: 342430
€55,000
Description
Two storey, corner house with 7 rooms, located in the traditional village of Episkopi, Ierapetra. Episkopi is a wonderful and rather lively village, located about 6,5km North of Ierapetra and about 6km South of Pachia Ammos. The house is approximately 120m2, ground floor 70m2 and basement 50m2, on land of about 90m2. Comprises of 4 rooms on the top floor and 3 rooms on the lower floor. It would be possible to make this property into a wonderful 3 bedroom house, with living room, dining room, kitchen and 2 bathrooms. Exterior stairs lead up to the large roof terrace. From here there are great sea, mountain and village views. It would be possible to live in this property while renovating. The top floor does not require much work (It is lived in now). The lower floor needs full renovation. The two floors are not connected from the interior however it would be easy to connect the two. The property is connected to Electricity, Water and the main sewage system. Possible to connect Phone/Internet. It is possible to drive a small car right up to the house. There is easy parking about 50 meters from the property. The town of Ierapetra and the southern coast is only a 5min drive from the house. The town of Agios Nikolaos, capital of the municipality, is about a 25min drive from Episkopi. Pachia Ammos village and the north coast is only a 5min drive from here. Ierapetra is the south most town in Greece and until recently in Europe. The town economy is linked mainly with agriculture. One of the few (if not the only) bicycle and pedestrian friendly towns on the island due to its level ground.
Two storey, corner house with 7 rooms, located in the traditional village of Episkopi, Ierapetra. Episkopi is a wonderful and rather lively village, located about 6,5km North of Ierapetra and about 6km South of Pachia Ammos. The house is approximately 120m2, ground floor 70m2 and basement 50m2, on land of about 90m2. Comprises of 4 rooms on the top floor and 3 rooms on the lower floor. It would be possible to make this property into a wonderful 3 bedroom house, with living room, dining room, kitchen and 2 bathrooms. Exterior stairs lead up to the large roof terrace. From here there are great sea, mountain and village views. It would be possible to live in this property while renovating. The top floor does not require much work (It is lived in now). The lower floor needs full renovation. The two floors are not connected from the interior however it would be easy to connect the two. The property is connected to Electricity, Water and the main sewage system. Possible to connect Phone/Internet. It is possible to drive a small car right up to the house. There is easy parking about 50 meters from the property. The town of Ierapetra and the southern coast is only a 5min drive from the house. The town of Agios Nikolaos, capital of the municipality, is about a 25min drive from Episkopi. Pachia Ammos village and the north coast is only a 5min drive from here. Ierapetra is the south most town in Greece and until recently in Europe. The town economy is linked mainly with agriculture. One of the few (if not the only) bicycle and pedestrian friendly towns on the island due to its level ground.
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Currency Exchange
Ierapetra, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €55,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
Ierapetra, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €55,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
The exchange rate on the day you make an offer on your property in Greece will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £1,422 more.
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