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Cottage house with nice garden and views in traditional village
Mochlos, Greece
REF: 584577
€120,000
Description
Set on the bottom part of the village of Sfaka, Sitia, Lasithi, Crete on the east coast of the Mirabello bay and close to the seaside resort of Mochlos. This is an old olive factory that has been converted into a 3 bedroom house with plenty of character. The house comprises of a kitchen, a lounge area with wooden staircase that leads to a mezzanine bedroom, a bathroom with shower and a nice outdoor dining area with great valley views. On the backyard there are two separate double bedrooms, one with en-suit wc and one with en-suit shower room. There is also an extra kitchen with outdoor dining area. This part of the house is ideal for your guests or even for tourist rental. The garden that surrounds the house is the highlight of the property. It has a pergola covered, traditional barbeque and a dining area. There are many trees and lots of space for agricultural use. The village of Sfaka is part of a small complex of satellite villages to the seaside resort of Mochlos, Lasithi. There are several shops and restaurants in Sfaka and the neighbouring villages as they attract a lot of business from the resort all through the year. The villages around Mochlos are open all year round for the same reason as many locals are professionals or workers in the long summer tourist trade. Sfaka is within a 10 minute drive to the seaside resort of Mochlos. The neighbouring villages of Tourloti and Lastros are within a few minutes drive. The larger towns of Ierapetra and Agios Nikolaos are within a 25 and 35 minute drives respectively. The international airport of Heraklion, Crete is about one hour and twenty minutes from Sfaka.
Set on the bottom part of the village of Sfaka, Sitia, Lasithi, Crete on the east coast of the Mirabello bay and close to the seaside resort of Mochlos. This is an old olive factory that has been converted into a 3 bedroom house with plenty of character. The house comprises of a kitchen, a lounge area with wooden staircase that leads to a mezzanine bedroom, a bathroom with shower and a nice outdoor dining area with great valley views. On the backyard there are two separate double bedrooms, one with en-suit wc and one with en-suit shower room. There is also an extra kitchen with outdoor dining area. This part of the house is ideal for your guests or even for tourist rental. The garden that surrounds the house is the highlight of the property. It has a pergola covered, traditional barbeque and a dining area. There are many trees and lots of space for agricultural use. The village of Sfaka is part of a small complex of satellite villages to the seaside resort of Mochlos, Lasithi. There are several shops and restaurants in Sfaka and the neighbouring villages as they attract a lot of business from the resort all through the year. The villages around Mochlos are open all year round for the same reason as many locals are professionals or workers in the long summer tourist trade. Sfaka is within a 10 minute drive to the seaside resort of Mochlos. The neighbouring villages of Tourloti and Lastros are within a few minutes drive. The larger towns of Ierapetra and Agios Nikolaos are within a 25 and 35 minute drives respectively. The international airport of Heraklion, Crete is about one hour and twenty minutes from Sfaka.
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Currency Exchange
Mochlos, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £103,027 | £107,814 | £4,787 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £103,027 |
| Maximum cost in the last six months | £107,814 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,787 |
Mochlos, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £103,027 | £107,814 | £4,787 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £103,027 |
| Maximum cost in the last six months | £107,814 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,787 |
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 £4,787 more.
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