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Renovation in Spili
Lampi, Crete , Greece
REF: 782337
€148,000
Description
The property consists of two old stone houses within a large courtyard surrounded by an original stone wall. Additionally, there is a plot of 242 sq.m directly next to the renovation which is included in the sale making the total area of the property approximately 600 sq.m. One of the stone properties is a tower house that retains elements of Venetian and Ottoman architecture. The semi-circular chimney protruding from the north side, arched doorways, stone-framed windows, and two wine presses show that this property dates back to the period of early Ottoman rule. The renovation of the tower house should be carried out within the archaeological guidelines as it is listed as a 'historic monument'. This truly is a rare opportunity to acquire a historic property and renovate it for either personal or business. The building's ground floor and the first-floor areas are 52M2 respectively equaling 104M2 plus there are additional rooms of 32M and a second old stone building without a roof of 66 sqm. Total 202 M The overall meterage allowed to build on this combined area of 600M2 is 415.59M2 which provides an excellent opportunity for a small boutique hotel or a large unique residence either for tourism or as a fantastic home. The village of Spili is located at a central point of the island and provides all services and amenities all year round. With easy access to both the northern cities and the beautiful southern beaches of the Aegean Sea, Spili is an ideal location for anyone wishing to experience everything that the island has to offer.
The property consists of two old stone houses within a large courtyard surrounded by an original stone wall. Additionally, there is a plot of 242 sq.m directly next to the renovation which is included in the sale making the total area of the property approximately 600 sq.m. One of the stone properties is a tower house that retains elements of Venetian and Ottoman architecture. The semi-circular chimney protruding from the north side, arched doorways, stone-framed windows, and two wine presses show that this property dates back to the period of early Ottoman rule. The renovation of the tower house should be carried out within the archaeological guidelines as it is listed as a 'historic monument'. This truly is a rare opportunity to acquire a historic property and renovate it for either personal or business. The building's ground floor and the first-floor areas are 52M2 respectively equaling 104M2 plus there are additional rooms of 32M and a second old stone building without a roof of 66 sqm. Total 202 M The overall meterage allowed to build on this combined area of 600M2 is 415.59M2 which provides an excellent opportunity for a small boutique hotel or a large unique residence either for tourism or as a fantastic home. The village of Spili is located at a central point of the island and provides all services and amenities all year round. With easy access to both the northern cities and the beautiful southern beaches of the Aegean Sea, Spili is an ideal location for anyone wishing to experience everything that the island has to offer.
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Currency Exchange
Lampi, 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 €148,000 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 |
|---|---|---|---|
| €148,000 | £125,902 | £129,728 | £3,826 |
| Property Price € | €148,000 |
| Minimum cost in the last six months | £125,902 |
| Maximum cost in the last six months | £129,728 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,826 |
Lampi, 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 €148,000 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 |
|---|---|---|---|
| €148,000 | £125,902 | £129,728 | £3,826 |
| Property Price € | €148,000 |
| Minimum cost in the last six months | £125,902 |
| Maximum cost in the last six months | £129,728 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,826 |
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 £3,826 more.
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