This traditional townhouse in Madraki is ideal for those wishing to experience the authentic Dodecanesian lifestyle on an island unmarred by mass tourism

Mandraki, Aegean Islands, Greece

For Sale

€450,000

REF: 994027 €450,000


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Description

This traditional townhouse in Madraki is ideal for those wishing to experience the authentic Dodecanesian lifestyle on an island unmarred by mass tourism. Originally built in the early 20th century, the townhouse underwent a complete restoration in 2017 by its current owner, a British-born visual artist.

It unfolds over two floors, which can function independently, as both offer a living/dining area, a kitchen, one bedroom and one bathroom. The floors communicate via an internal staircase. The building has retained much of its original character, but has been upgraded to offer many modern amenities, such as double-glazed frames, with shutters and some featuring fly-nets.

Air-conditioning units in the bedrooms and a wood burner in the living room will help regulate temperature, but the thick stone walls mean that the house is warm in the very mild winter and cool during the summer months. The welcoming entrance opens to a bright living and dining area, a fully equipped kitchen, a cosy bedroom, and a sleek bathroom all with polished concrete floors.

Designed as a self-contained apartment with a private entrance, it s perfect for guests or rental income. The living space, the heart of the home, blends rustic charm with original features like a wood-stove fireplace, an antique oven, exposed stone walls, and wooden beams, while a window frames views of the garden alley.

The kitchen showcases bespoke Moroccan Moshrabi woodwork and a durable concrete countertop, paired with modern appliances for effortless living. Nearby, the bathroom balances minimalist style and function with a concrete sink and a streamlined shower. The bedroom offers comfort with a traditional raised Moni platform for sleeping, built-in storage, and an air conditioner, all while capturing a glimpse of the sea.

A separate grand entrance leads to a spacious hallway, currently used as an exhibition space but adaptable as a gallery or transitional area. With its generous proportions and connection to the upper floor, it adds both elegance and versatility to this inviting home. The first floor, once the home s piano nobile, strikes a balance between grandeur and functionality its warm wooden floors and sunlit spaces are framed by breathtaking views of the village and the sea.

A charming landing features a built-in kitchenette (complete with an electric cooktop, fridge, and sink), discreetly enabling this level to function as a separate flat. A skylight bathes the area in light and hints at potential rooftop access. The spacious studio, currently an artist s workspace, triples as a third bedroom with its convertible sofa bed, illuminated by three generous windows.

The tranquil main bedroom centres around a traditional Moni platform, offering elevated sea views and hidden storage beneath, complemented by a Moshrabi wardrobe and air conditioning. Nearby, the main bathroom blends modern simplicity with rare indulgence a concrete sink, skylit bathtub, and heated floors create a serene retreat.

The outdoor area of the townhouse features a veranda with built-in concrete seating under a pergola, accompanied by an adjoining garden adorned with vintage tiles and lush planting. The outdoor kitchen is ideal for al fresco dining and entertaining. Nestled on the cobbled, pedestrian-only streets in Mandraki, the property emanates a unique sense of serenity, as there are no cars or motorbikes passing by.

Having said this, the property is just a short walk from the beach and the port (with ferry connections to Kos and Rhodes), as well as from the shops and restaurants. Rental potential Nisyros has gained popularity in recent years as a destination for those who want to venture off the beaten path and taste the 'authentic' Greek experience on an island which has retained much of its traditional character.

The versatility of this townhouse, which offers two floors that can function independently, means that it can be utilised for a 'mixed' use, where one of the floors can be rented out. At the same time, the owner stays on the other floor, or both floors can be rented to different parties, while the whole house can accommodate a larger party.

Location - Distances Located between Kos and Tilos, the island of Nisyros is famous for its volcano. It is a relatively small, circular island with a diameter of approximately 8 km. The volcano is situated in the middle of the island, and its caldera is 4 km wide. The island is connected by ferry to Rhodes, Piraeus and Kos.

Especially during the summer months, there are several scheduled daily connections to Kardamena port on Kos. The Stefanos crater of the volcano is the most popular sight on the island, but there are also many churches to visit, as well as a nice archaeological museum. Nisyros is perhaps one of the last destinations in Greece that can be enjoyed mostly on foot. Chochlaki Beach: 150 m Mandraki Beach: 700 m Mandraki Port (Ferry connections): 1 km Stefanos Crater: 9.5 km Emporeios: 10 km Pachia Ammos Beach: 11 km
This traditional townhouse in Madraki is ideal for those wishing to experience the authentic Dodecanesian lifestyle on an island unmarred by mass tourism. Originally built in the early 20th century, the townhouse underwent a complete restoration in 2017 by its current owner, a British-born visual artist.

It unfolds over two floors, which can function independently, as both offer a living/dining area, a kitchen, one bedroom and one bathroom. The floors communicate via an internal staircase. The building has retained much of its original character, but has been upgraded to offer many modern amenities, such as double-glazed frames, with shutters and some featuring fly-nets.

Air-conditioning units in the bedrooms and a wood burner in the living room will help regulate temperature, but the thick stone walls mean that the house is warm in the very mild winter and cool during the summer months. The welcoming entrance opens to a bright living and dining area, a fully equipped kitchen, a cosy bedroom, and a sleek bathroom all with polished concrete floors.

Designed as a self-contained apartment with a private entrance, it s perfect for guests or rental income. The living space, the heart of the home, blends rustic charm with original features like a wood-stove fireplace, an antique oven, exposed stone walls, and wooden beams, while a window frames views of the garden alley.

The kitchen showcases bespoke Moroccan Moshrabi woodwork and a durable concrete countertop, paired with modern appliances for effortless living. Nearby, the bathroom balances minimalist style and function with a concrete sink and a streamlined shower. The bedroom offers comfort with a traditional raised Moni platform for sleeping, built-in storage, and an air conditioner, all while capturing a glimpse of the sea.

A separate grand entrance leads to a spacious hallway, currently used as an exhibition space but adaptable as a gallery or transitional area. With its generous proportions and connection to the upper floor, it adds both elegance and versatility to this inviting home. The first floor, once the home s piano nobile, strikes a balance between grandeur and functionality its warm wooden floors and sunlit spaces are framed by breathtaking views of the village and the sea.

A charming landing features a built-in kitchenette (complete with an electric cooktop, fridge, and sink), discreetly enabling this level to function as a separate flat. A skylight bathes the area in light and hints at potential rooftop access. The spacious studio, currently an artist s workspace, triples as a third bedroom with its convertible sofa bed, illuminated by three generous windows.

The tranquil main bedroom centres around a traditional Moni platform, offering elevated sea views and hidden storage beneath, complemented by a Moshrabi wardrobe and air conditioning. Nearby, the main bathroom blends modern simplicity with rare indulgence a concrete sink, skylit bathtub, and heated floors create a serene retreat.

The outdoor area of the townhouse features a veranda with built-in concrete seating under a pergola, accompanied by an adjoining garden adorned with vintage tiles and lush planting. The outdoor kitchen is ideal for al fresco dining and entertaining. Nestled on the cobbled, pedestrian-only streets in Mandraki, the property emanates a unique sense of serenity, as there are no cars or motorbikes passing by.

Having said this, the property is just a short walk from the beach and the port (with ferry connections to Kos and Rhodes), as well as from the shops and restaurants. Rental potential Nisyros has gained popularity in recent years as a destination for those who want to venture off the beaten path and taste the 'authentic' Greek experience on an island which has retained much of its traditional character.

The versatility of this townhouse, which offers two floors that can function independently, means that it can be utilised for a 'mixed' use, where one of the floors can be rented out. At the same time, the owner stays on the other floor, or both floors can be rented to different parties, while the whole house can accommodate a larger party.

Location - Distances Located between Kos and Tilos, the island of Nisyros is famous for its volcano. It is a relatively small, circular island with a diameter of approximately 8 km. The volcano is situated in the middle of the island, and its caldera is 4 km wide. The island is connected by ferry to Rhodes, Piraeus and Kos.

Especially during the summer months, there are several scheduled daily connections to Kardamena port on Kos. The Stefanos crater of the volcano is the most popular sight on the island, but there are also many churches to visit, as well as a nice archaeological museum. Nisyros is perhaps one of the last destinations in Greece that can be enjoyed mostly on foot. Chochlaki Beach: 150 m Mandraki Beach: 700 m Mandraki Port (Ferry connections): 1 km Stefanos Crater: 9.5 km Emporeios: 10 km Pachia Ammos Beach: 11 km
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Currency Exchange

Mandraki, Aegean Islands, 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 €450,000 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
€450,000 £371,453 £390,641 £19,188
Property Price € €450,000
Minimum cost in the last six months £371,453
Maximum cost in the last six months £390,641
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,188

Mandraki, Aegean Islands, 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 €450,000 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
€450,000 £371,453 £390,641 £19,188
Property Price € €450,000
Minimum cost in the last six months £371,453
Maximum cost in the last six months £390,641
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,188

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 £19,188 more.

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