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A house with 2 apartments in Gerakari
Rethymno, Crete , Greece
REF: 782350
€170,000
Description
A large property consisting of 2 independent apartments with a total floor space of 228 m2. This beautiful stone property was originally constructed in 1955 and completely renovated in 2019. Upon entering the property you arrive in a private courtyard, an ideal spot for patio furniture. Access to the first-floor apartment is via the stairs to the left. The ground-floor apartment also has a guest room which is immediately accessible to the right and directly next to the main apartment. From the courtyard, you access a large kitchen that has a wood burner along with all appliances and a large kitchen table. There is a double bedroom and a living-dining area on this level before ascending 4 steps leading into a small seating area with a modern bathroom with a shower to the left. Patio doors lead out to a small courtyard. On the first floor, there is a second apartment. Walking through the front door you will find a bright hallway with a dining area to the right that could be used as a living room. This leads into a large separate kitchen. There is a lovely fireplace in the sitting area of the kitchen and access to the terrace is from here. To the right of the dining area, there is a large double bedroom with fitted wardrobes and also a further single bedroom leads from here. This area could be made into a dressing room or used as an office. At the end of the hallway, there is a nice size bathroom. This entire property provides plenty of living space both internally and externally with great potential. The House is located in the village of Gerakari a mountainous area that is approximately 35 km south of the city of Rethymnon. The village has two local taverns, a supermarket and an ATM cash machine located within 300-400 meters and is ideally located for access to the beautiful beaches on both the north and the south of the island.
A large property consisting of 2 independent apartments with a total floor space of 228 m2. This beautiful stone property was originally constructed in 1955 and completely renovated in 2019. Upon entering the property you arrive in a private courtyard, an ideal spot for patio furniture. Access to the first-floor apartment is via the stairs to the left. The ground-floor apartment also has a guest room which is immediately accessible to the right and directly next to the main apartment. From the courtyard, you access a large kitchen that has a wood burner along with all appliances and a large kitchen table. There is a double bedroom and a living-dining area on this level before ascending 4 steps leading into a small seating area with a modern bathroom with a shower to the left. Patio doors lead out to a small courtyard. On the first floor, there is a second apartment. Walking through the front door you will find a bright hallway with a dining area to the right that could be used as a living room. This leads into a large separate kitchen. There is a lovely fireplace in the sitting area of the kitchen and access to the terrace is from here. To the right of the dining area, there is a large double bedroom with fitted wardrobes and also a further single bedroom leads from here. This area could be made into a dressing room or used as an office. At the end of the hallway, there is a nice size bathroom. This entire property provides plenty of living space both internally and externally with great potential. The House is located in the village of Gerakari a mountainous area that is approximately 35 km south of the city of Rethymnon. The village has two local taverns, a supermarket and an ATM cash machine located within 300-400 meters and is ideally located for access to the beautiful beaches on both the north and the south of the island.
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Currency Exchange
Rethymno, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £144,617 | £149,012 | £4,395 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £144,617 |
| Maximum cost in the last six months | £149,012 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,395 |
Rethymno, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £144,617 | £149,012 | £4,395 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £144,617 |
| Maximum cost in the last six months | £149,012 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,395 |
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 £4,395 more.
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