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Villa with 2 apartments in Nea Magnisia
Arkadi, Crete , Greece
REF: 782369
€322,000
Description
A 216 m2 house, set over 2 floors, on a 1.4045 m2 plot, in Nea Magnisia, approximately 10 km from the town of Rethymno and 1,5 km from the sea. Entering the property through an iron gate, there is a carport, a large garden and a driveway leading to the outside dining area with a built-in barbecue and wood-burning oven. The ground floor consists of a 130 m2 apartment that was built in 2004 and which comprises a kitchen, a dining/living area, a master bedroom with an en-suite bathroom, 2 bedrooms and 1 bathroom. Both the kitchen and the living area have direct access to the barbecue area. Part of the living room walls are elegantly decorated with stones and together with the fireplace, this gives a cozy atmosphere. All bedrooms have patio doors which open onto the tiled pathway which surrounds the house. An outdoor staircase leads to the first floor which consist of an 88,00 m2 apartment. Going up the stairs, in front of the entrance door there is a small veranda. The apartment is comprised of an open plan kitchen with a living area, 2 bedrooms and a bathroom. The living room has glass doors which lead to a large balcony with views of the sea and the surroundings. Both bedrooms have access to a small balcony. On the back side of the house, there is a 29 m2 storage room. In the garden, there is plenty of place to build a swimming pool. The property is located in the very quiet area, 270 meters away from the center of the village of Nea Magnisia which is in an untouched natural environment of fir trees, approximately 1,5 km from Stavromenos where you can find all the amenities and facilities. The long beach which starts from Rethymno and reaches until Skaleta is only a short distance away.
A 216 m2 house, set over 2 floors, on a 1.4045 m2 plot, in Nea Magnisia, approximately 10 km from the town of Rethymno and 1,5 km from the sea. Entering the property through an iron gate, there is a carport, a large garden and a driveway leading to the outside dining area with a built-in barbecue and wood-burning oven. The ground floor consists of a 130 m2 apartment that was built in 2004 and which comprises a kitchen, a dining/living area, a master bedroom with an en-suite bathroom, 2 bedrooms and 1 bathroom. Both the kitchen and the living area have direct access to the barbecue area. Part of the living room walls are elegantly decorated with stones and together with the fireplace, this gives a cozy atmosphere. All bedrooms have patio doors which open onto the tiled pathway which surrounds the house. An outdoor staircase leads to the first floor which consist of an 88,00 m2 apartment. Going up the stairs, in front of the entrance door there is a small veranda. The apartment is comprised of an open plan kitchen with a living area, 2 bedrooms and a bathroom. The living room has glass doors which lead to a large balcony with views of the sea and the surroundings. Both bedrooms have access to a small balcony. On the back side of the house, there is a 29 m2 storage room. In the garden, there is plenty of place to build a swimming pool. The property is located in the very quiet area, 270 meters away from the center of the village of Nea Magnisia which is in an untouched natural environment of fir trees, approximately 1,5 km from Stavromenos where you can find all the amenities and facilities. The long beach which starts from Rethymno and reaches until Skaleta is only a short distance away.
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Currency Exchange
Arkadi, 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 €322,000 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 |
|---|---|---|---|
| €322,000 | £273,922 | £282,246 | £8,324 |
| Property Price € | €322,000 |
| Minimum cost in the last six months | £273,922 |
| Maximum cost in the last six months | £282,246 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,324 |
Arkadi, 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 €322,000 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 |
|---|---|---|---|
| €322,000 | £273,922 | £282,246 | £8,324 |
| Property Price € | €322,000 |
| Minimum cost in the last six months | £273,922 |
| Maximum cost in the last six months | £282,246 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,324 |
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 £8,324 more.
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