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Villa with 2 apartments and 1 studio near Perama
Geropotamos, Crete , Greece
REF: 782321
€490,000
Description
A 260 m2 villa set in the heart of the Cretan countryside, on a plot of 659,97 m2 with plenty of space for friends and family to relax and enjoy a totally hassle free holiday or for all-year round living. The residence is set over two floors and is divided in two separate apartments and 1 studio. The ground floor is comprised of an open plan kitchen with a dining area, a living room with a fire place and three large bedrooms, all with en-suite bathrooms. On the back side of the villa, there is an individual studio. An external staircase leads to the first floor which consists of an open plan kitchen with a dining and a living area, 3 large bedrooms and 1 bathroom. There is a possibility to build a 2nd bathroom in the storage room. The garden includes a 24 m2 swimming pool, a covered veranda with a barbecue and outdoor dining area and a children s play area. This is an excellent opportunity for an investment as the villa is used as a holiday rental. The villa is located only 8 km away from the small town of Perama with all the facilities and amenities, 15 km from the old fishing village of Panormo and 34 km from the town of Rethymnon.
A 260 m2 villa set in the heart of the Cretan countryside, on a plot of 659,97 m2 with plenty of space for friends and family to relax and enjoy a totally hassle free holiday or for all-year round living. The residence is set over two floors and is divided in two separate apartments and 1 studio. The ground floor is comprised of an open plan kitchen with a dining area, a living room with a fire place and three large bedrooms, all with en-suite bathrooms. On the back side of the villa, there is an individual studio. An external staircase leads to the first floor which consists of an open plan kitchen with a dining and a living area, 3 large bedrooms and 1 bathroom. There is a possibility to build a 2nd bathroom in the storage room. The garden includes a 24 m2 swimming pool, a covered veranda with a barbecue and outdoor dining area and a children s play area. This is an excellent opportunity for an investment as the villa is used as a holiday rental. The villa is located only 8 km away from the small town of Perama with all the facilities and amenities, 15 km from the old fishing village of Panormo and 34 km from the town of Rethymnon.
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Currency Exchange
Geropotamos, Crete , 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
Geropotamos, Crete , 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
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 £12,667 more.
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