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Renovation Property 10 minutes from the Beach
Fre, Crete , Greece
REF: 782417
€50,000
Description
A traditional village house with excellent potential. This property can easily be transformed into a 3 or 4 bedroom villa with a private, enclosed courtyard. Once it is renovated, it will offer over 100 m2 of living space, hence ensuring a fully functional and comfortable home. There is also a barn with a loft and a stable area within the property. On the ground floor, you can find a large kitchen and dining area, as well as a large living room and a wine cellar. From the living room, there are steps which lead to a very big bedroom, which can easily be converted into two bedrooms. The bedroom has direct access to a roof terrace, with a view over the courtyard and the village. In addition, there is a door which leads directly into the barn loft, therefore offering the possibility of a house extension, to include, at least one, additional bedroom and bathroom. The courtyard is completely private, with a functional well within, and enclosed within a high wall with an entrance gate. Furthermore, there is the ability to transform the wine cellar, barn and exterior stone building into additional living space. This renovation project is a magnificent opportunity as it is being sold for a very good price and once it has been renovated, its value will multiply greatly.
A traditional village house with excellent potential. This property can easily be transformed into a 3 or 4 bedroom villa with a private, enclosed courtyard. Once it is renovated, it will offer over 100 m2 of living space, hence ensuring a fully functional and comfortable home. There is also a barn with a loft and a stable area within the property. On the ground floor, you can find a large kitchen and dining area, as well as a large living room and a wine cellar. From the living room, there are steps which lead to a very big bedroom, which can easily be converted into two bedrooms. The bedroom has direct access to a roof terrace, with a view over the courtyard and the village. In addition, there is a door which leads directly into the barn loft, therefore offering the possibility of a house extension, to include, at least one, additional bedroom and bathroom. The courtyard is completely private, with a functional well within, and enclosed within a high wall with an entrance gate. Furthermore, there is the ability to transform the wine cellar, barn and exterior stone building into additional living space. This renovation project is a magnificent opportunity as it is being sold for a very good price and once it has been renovated, its value will multiply greatly.
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Currency Exchange
Fre, 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 €50,000 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 |
|---|---|---|---|
| €50,000 | £42,535 | £43,827 | £1,293 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £42,535 |
| Maximum cost in the last six months | £43,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,293 |
Fre, 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 €50,000 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 |
|---|---|---|---|
| €50,000 | £42,535 | £43,827 | £1,293 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £42,535 |
| Maximum cost in the last six months | £43,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,293 |
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 £1,293 more.
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