Offering a breathtaking vista of the town of Mytilene and the Aegean Sea, which extends all the way to Turkey's coastline, this townhouse provides an ideal blend of accommodation and income-generating property

Mytilene, Aegean Islands, Greece

For Sale

€310,000

REF: 728758 €310,000


3

3

150 m2

Description

Offering a breathtaking vista of the town of Mytilene and the Aegean Sea, which extends all the way to Turkey's coastline, this townhouse provides an ideal blend of accommodation and income-generating property. Originally built in 1950, the Townhouse was fully renovated in 2005. It rests on a 150 sqm plot and comprises three different apartments, one on each floor, each with its own entrance and independent from the others.

The apartments are as follows: Basement apartment (78 sqm - actually on the ground level): Living room, dining room, kitchen, bedroom, bathroom with large bathtub. One further bedroom can be constructed on this floor. First-floor apartment (78 sqm): Living/dining room, second dining room, kitchen, bedroom, bathroom with large bathtub.

One more bedroom can be constructed on this floor. This floor has a large - 7 m - balcony with a breathtaking vista of the city of Mytilene and the North Aegean Sea. The apartment has a second entrance leading to the backyard, which features orange and lemon trees and a patio, which can be used, in the summer, as an outdoor dining space.

Second-floor apartment (52 sqm - penthouse loft): Living/dining room, bedroom, bathroom with bathtub. Its large, 15 sqm balcony offers breathtaking views of the city of Mytilene, extending all the way up to the coastline of Turkey. The loft can be connected with the first-floor apartment to form a spacious maisonette.

The entire Townhouse is sold tastefully decorated and furnished, featuring many antique pieces. The highest quality materials have been used, including Italian and Spanish tiles, granite and prime-quality wood, while windows and other frames are aluminium double-glazed, fitted with nets. All apartments are fitted with AC units for heating and cooling purposes.

Rental possibilities This versatile property can accommodate many different rental scenarios, spanning from long-term rentals to tenants working or studying in Mytilene, to short-term ones to holidaymakers. All three units in the townhouse are independent and can be rented individually, while the location and vista of the townhouse make it very attractive.

Location Mytilene is the capital of the island of Lesvos as well as the administrative centre of the North Aegean region of Greece. It also features the headquarters of the University of the Aegean. Both the island and the city have long and rich histories. At the same time, they have been the birth or living places of many notable personalities, spanning from Sappho, Epicurus and Theophrastus in ancient times, to painter Theophilos, Nobel Laureate Odysseas Elytis and writer Stratis Myrivilis in modern ones.

There are many notable landmarks to visit in Mytilene, indicatively, the impressive Baroque church of St. Therapon, the Theophilos museum, the Catholic church of Theotokos, where the relics of St. Valentine are kept, as well as the archaeological museum and the Byzantine museum. Mytilene is also famous for its 'ouzeri', traditional Greek taverns serving ouzo and titbits and many restaurants that cater to every taste and budget.

The international Airport of Lesvos has connections to many, mostly European cities, with scheduled flights on a daily basis, especially during the summer months. Lesvos can also be reached by ferry, both from Piraeus (journey time 13 h) and Thessaloniki (journey time 10 h). Distances Mytilene city centre: 1.8 km Mytilene marina: 1.1 km Tsamakia Beach: 2.6 km (nice organized beach in the city of Mytilene, with affordable prices and clean waters) Mytilene International Airport: 6.5 km Geras Beach: 7 km (the closest of the more famous of Lesvos' beaches) Plomari: 35 km.

This town is synonymous with premium Ouzo, and a visit is a must for the aficionados of this traditional Greek drink. Make sure to visit the Ouzo Museum. Kaloni: 40 km. Greeks usually have assorted titbits with their Ouzo, and sardines feature prominently among these. Kaloni is synonymous with the highest quality sardines one can find. Molyvos: 60 km. A visit to the Castle and its truly breathtaking vista is well worth your time.
Offering a breathtaking vista of the town of Mytilene and the Aegean Sea, which extends all the way to Turkey's coastline, this townhouse provides an ideal blend of accommodation and income-generating property. Originally built in 1950, the Townhouse was fully renovated in 2005. It rests on a 150 sqm plot and comprises three different apartments, one on each floor, each with its own entrance and independent from the others.

The apartments are as follows: Basement apartment (78 sqm - actually on the ground level): Living room, dining room, kitchen, bedroom, bathroom with large bathtub. One further bedroom can be constructed on this floor. First-floor apartment (78 sqm): Living/dining room, second dining room, kitchen, bedroom, bathroom with large bathtub.

One more bedroom can be constructed on this floor. This floor has a large - 7 m - balcony with a breathtaking vista of the city of Mytilene and the North Aegean Sea. The apartment has a second entrance leading to the backyard, which features orange and lemon trees and a patio, which can be used, in the summer, as an outdoor dining space.

Second-floor apartment (52 sqm - penthouse loft): Living/dining room, bedroom, bathroom with bathtub. Its large, 15 sqm balcony offers breathtaking views of the city of Mytilene, extending all the way up to the coastline of Turkey. The loft can be connected with the first-floor apartment to form a spacious maisonette.

The entire Townhouse is sold tastefully decorated and furnished, featuring many antique pieces. The highest quality materials have been used, including Italian and Spanish tiles, granite and prime-quality wood, while windows and other frames are aluminium double-glazed, fitted with nets. All apartments are fitted with AC units for heating and cooling purposes.

Rental possibilities This versatile property can accommodate many different rental scenarios, spanning from long-term rentals to tenants working or studying in Mytilene, to short-term ones to holidaymakers. All three units in the townhouse are independent and can be rented individually, while the location and vista of the townhouse make it very attractive.

Location Mytilene is the capital of the island of Lesvos as well as the administrative centre of the North Aegean region of Greece. It also features the headquarters of the University of the Aegean. Both the island and the city have long and rich histories. At the same time, they have been the birth or living places of many notable personalities, spanning from Sappho, Epicurus and Theophrastus in ancient times, to painter Theophilos, Nobel Laureate Odysseas Elytis and writer Stratis Myrivilis in modern ones.

There are many notable landmarks to visit in Mytilene, indicatively, the impressive Baroque church of St. Therapon, the Theophilos museum, the Catholic church of Theotokos, where the relics of St. Valentine are kept, as well as the archaeological museum and the Byzantine museum. Mytilene is also famous for its 'ouzeri', traditional Greek taverns serving ouzo and titbits and many restaurants that cater to every taste and budget.

The international Airport of Lesvos has connections to many, mostly European cities, with scheduled flights on a daily basis, especially during the summer months. Lesvos can also be reached by ferry, both from Piraeus (journey time 13 h) and Thessaloniki (journey time 10 h). Distances Mytilene city centre: 1.8 km Mytilene marina: 1.1 km Tsamakia Beach: 2.6 km (nice organized beach in the city of Mytilene, with affordable prices and clean waters) Mytilene International Airport: 6.5 km Geras Beach: 7 km (the closest of the more famous of Lesvos' beaches) Plomari: 35 km.

This town is synonymous with premium Ouzo, and a visit is a must for the aficionados of this traditional Greek drink. Make sure to visit the Ouzo Museum. Kaloni: 40 km. Greeks usually have assorted titbits with their Ouzo, and sardines feature prominently among these. Kaloni is synonymous with the highest quality sardines one can find. Molyvos: 60 km. A visit to the Castle and its truly breathtaking vista is well worth your time.
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Currency Exchange

Mytilene, Aegean Islands, 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 €310,000 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
€310,000 £263,714 £271,727 £8,014
Property Price € €310,000
Minimum cost in the last six months £263,714
Maximum cost in the last six months £271,727
Fluctuating exchange rates over the last six months could have increased the cost of this property by £8,014

Mytilene, Aegean Islands, 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 €310,000 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
€310,000 £263,714 £271,727 £8,014
Property Price € €310,000
Minimum cost in the last six months £263,714
Maximum cost in the last six months £271,727
Fluctuating exchange rates over the last six months could have increased the cost of this property by £8,014

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 £8,014 more.

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