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Old building with courtyard only 50m from the coast
Ierapetra, Greece
REF: 960908
€400,000
Description
Set in the town of Ierapetra, Lasithi, Crete this is a nice old building with a front courtyard/terrace and some greenery. Only 50 meters from the sea, this property has a small front gate which opens to a courtyard, and few steps up to a front terrace that leads inside the house. To the right of this yard there is an outside staircase leading to a flat roof where it is possible to build a beautiful and spacious roof terrace with the view of surrounding neighborhood and some sea view. The house is on one level and consists of about 135 m2, it needs some updates, although generally in a good condition and is built on a land of approximately 300 m2. It starts with a corridor leading to the kitchen, one bathroom and five more rooms, which could be converted to a living room, a dining room and three double bedrooms. On the left of the courtyard there is a path following to the back of the property where there is a small yard space with a storage room (separate from the main building). It is also possible to enter the house from here through a back door. The house is connected to water and electricity. Easy road access and parking on the street outside the property. Ierapetra is the largest town in the province of Lasithi, it is the southernmost town in Europe. It is ideal for those who want to enjoy the beauty of the Libyan Sea and explore the south of Crete, with its wonderful, picturesque villages, gorges and sandy beaches in or near Ierapetra. The international airport of Heraklion, Crete is about one hour twenty minutes by car, along a very good road.
Set in the town of Ierapetra, Lasithi, Crete this is a nice old building with a front courtyard/terrace and some greenery. Only 50 meters from the sea, this property has a small front gate which opens to a courtyard, and few steps up to a front terrace that leads inside the house. To the right of this yard there is an outside staircase leading to a flat roof where it is possible to build a beautiful and spacious roof terrace with the view of surrounding neighborhood and some sea view. The house is on one level and consists of about 135 m2, it needs some updates, although generally in a good condition and is built on a land of approximately 300 m2. It starts with a corridor leading to the kitchen, one bathroom and five more rooms, which could be converted to a living room, a dining room and three double bedrooms. On the left of the courtyard there is a path following to the back of the property where there is a small yard space with a storage room (separate from the main building). It is also possible to enter the house from here through a back door. The house is connected to water and electricity. Easy road access and parking on the street outside the property. Ierapetra is the largest town in the province of Lasithi, it is the southernmost town in Europe. It is ideal for those who want to enjoy the beauty of the Libyan Sea and explore the south of Crete, with its wonderful, picturesque villages, gorges and sandy beaches in or near Ierapetra. The international airport of Heraklion, Crete is about one hour twenty minutes by car, along a very good road.
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Currency Exchange
Ierapetra, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £329,560 | £347,236 | £17,676 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £329,560 |
| Maximum cost in the last six months | £347,236 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,676 |
Ierapetra, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £329,560 | £347,236 | £17,676 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £329,560 |
| Maximum cost in the last six months | £347,236 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,676 |
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 £17,676 more.
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