Ever imagined living in a stone villa nestled in Crete s scenic hills? This 132 sqm villa is built on a 1009 sqm plot on the outskirts of the picturesque and tranquil village of Loutraki, near Heraklion

Loutraki, Crete, Greece

For Sale

€520,000

REF: 966403 €520,000


2

1

1009 m2

Description

Ever imagined living in a stone villa nestled in Crete s scenic hills? This 132 sqm villa is built on a 1009 sqm plot on the outskirts of the picturesque and tranquil village of Loutraki, near Heraklion. The villa expands over two floors and features a semi-basement and cellar. The 70 sqm semi-basement features a WC and kitchenette, and a 46 sqm cellar.

Do note that these areas are not included in the living spaces cited for the property. The villa's ground floor features a spacious open-plan living/dining and kitchen area, a guest WC, a utility room and the staircase to the upper floor. It opens up to the stone-paved terrace offering scenic views of the surrounding countryside and the sea.

The first floor features the master bedroom, opening to the balcony, a second bedroom, a common room and the bathroom. The balcony is also directly accessible from the ground floor via a stone staircase, and from there you can enjoy sweeping views of the countryside with the sea in the distance. The villa is sold fully furnished and equipped.

Frames are double-glazed, while those on the first floor are also fitted with shutters. The villa utilises ceiling fans for cooling, as the stone construction offers unparalleled insulation. It is worth noting that the 55 cm thick stones used in the construction of the villa were quarried during the excavation of its foundations and hewed on site.

The villa's landscaped gardens unfold over multiple tiers and feature an assortment of local flora, including many olive trees. Parking is facilitated inside the plot. Rental potential The villa has been successfully operating for short-term rentals. Its proximity to Heraklion, the archaeological site of Knossos, and the beaches of Ammoudara and Fodele render it a very popular choice for those wishing to explore the region of Heraklion.

Based on its reviews, it ranks among the top accommodations in the area, commanding a premium price for an extended high season. Location - Distances The village of Loutraki is a small traditional community in the Regional Unit of Heraklion. Built at an altitude of 1200 m, on the eastern slope of Mt.

Voskero, part of the Psiloritis mountain, its long history reaches back to the Roman era and the thermal baths, which probably gave it its name. It is cited as Lutracchi by Barozzi in 1583. It is a tranquil and peaceful settlement, while nearby notable sites of interest include the monastery of Jerusalem, as well as the village's central Church, and many fascinating trails start from the village.

Indeed, some begin just outside the villa. Loutraki village central square: 400 m Gazi: 14 km Ammoudara Beach: 17 km Heraklion International Airport: 25 km Heraklion City Centre: 25 km Knossos: 25 km Rethymno: 82 km Agios Nikolaos: 84 km
Ever imagined living in a stone villa nestled in Crete s scenic hills? This 132 sqm villa is built on a 1009 sqm plot on the outskirts of the picturesque and tranquil village of Loutraki, near Heraklion. The villa expands over two floors and features a semi-basement and cellar. The 70 sqm semi-basement features a WC and kitchenette, and a 46 sqm cellar.

Do note that these areas are not included in the living spaces cited for the property. The villa's ground floor features a spacious open-plan living/dining and kitchen area, a guest WC, a utility room and the staircase to the upper floor. It opens up to the stone-paved terrace offering scenic views of the surrounding countryside and the sea.

The first floor features the master bedroom, opening to the balcony, a second bedroom, a common room and the bathroom. The balcony is also directly accessible from the ground floor via a stone staircase, and from there you can enjoy sweeping views of the countryside with the sea in the distance. The villa is sold fully furnished and equipped.

Frames are double-glazed, while those on the first floor are also fitted with shutters. The villa utilises ceiling fans for cooling, as the stone construction offers unparalleled insulation. It is worth noting that the 55 cm thick stones used in the construction of the villa were quarried during the excavation of its foundations and hewed on site.

The villa's landscaped gardens unfold over multiple tiers and feature an assortment of local flora, including many olive trees. Parking is facilitated inside the plot. Rental potential The villa has been successfully operating for short-term rentals. Its proximity to Heraklion, the archaeological site of Knossos, and the beaches of Ammoudara and Fodele render it a very popular choice for those wishing to explore the region of Heraklion.

Based on its reviews, it ranks among the top accommodations in the area, commanding a premium price for an extended high season. Location - Distances The village of Loutraki is a small traditional community in the Regional Unit of Heraklion. Built at an altitude of 1200 m, on the eastern slope of Mt.

Voskero, part of the Psiloritis mountain, its long history reaches back to the Roman era and the thermal baths, which probably gave it its name. It is cited as Lutracchi by Barozzi in 1583. It is a tranquil and peaceful settlement, while nearby notable sites of interest include the monastery of Jerusalem, as well as the village's central Church, and many fascinating trails start from the village.

Indeed, some begin just outside the villa. Loutraki village central square: 400 m Gazi: 14 km Ammoudara Beach: 17 km Heraklion International Airport: 25 km Heraklion City Centre: 25 km Knossos: 25 km Rethymno: 82 km Agios Nikolaos: 84 km
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Property on Map

#278621

Currency Exchange

Loutraki, 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 €520,000 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
€520,000 £428,428 £451,407 £22,979
Property Price € €520,000
Minimum cost in the last six months £428,428
Maximum cost in the last six months £451,407
Fluctuating exchange rates over the last six months could have increased the cost of this property by £22,979

Loutraki, 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 €520,000 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
€520,000 £428,428 £451,407 £22,979
Property Price € €520,000
Minimum cost in the last six months £428,428
Maximum cost in the last six months £451,407
Fluctuating exchange rates over the last six months could have increased the cost of this property by £22,979

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 £22,979 more.

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