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Detached 3 bedroom villa plus guest apartment in olive grove
Ierapetra, Greece
REF: 343222
€650,000
Description
Set on the outskirts of the small village of Vainia, Ierapetra and only a 5 minute drive to the long sandy coast this is a large property (3500m2) built to modern standards ideal to be used as a permanent residence or a holiday home. The house stands on two floors. The ground floor comprises the guest room/apartment with ensuite shower room, a gym and a storage room. The upper floor which is the main house comprises a living room/dining room with a modern energy efficient fireplace and fully fitted kitchen with breakfast bar, two double bedrooms (one of them now used as an office), a shower room and a large double bedroom with access to the pool terrace with a large bathroom next to it. Outside there is a good size pool with pool terrace and coffee and dining areas on terrace and balcony on the upper level and a large wooden pergola with BBQ and wood oven with a large table and benches in the shade, covered parking for two large cars close to the ground level entrance. The heated swimming pool is overflow with waterfall and has a built-in jacuzzi with 32 jets . It also has an automatic chlorination and maintenance system, and a newly built spacious engine room. The exterior lighting is renewed and modernized according to the current standards. All the terraces have brand new, modern tiles. The property has been equipped with a Photovoltaic Panel system (net metering) that ensures its supply of energy but can possibly be expanded if the owner wants to move from net metering to full autonomy. The house is equipped with central heating (heat pump and radiators in the interior). There are small flower gardens and a covered/protected vegetable garden to the south of the house as well as a large olive grove/fruit garden (70 trees) surrounding he landscaped area. The town of Ierapetra, with all the shops, banks, hospital, beaches etc, is only 2km from the property. The town of Agios Nikolaos is about a 30min drive. The international airport of Heraklion is about 1 hour and 15min drive.
Set on the outskirts of the small village of Vainia, Ierapetra and only a 5 minute drive to the long sandy coast this is a large property (3500m2) built to modern standards ideal to be used as a permanent residence or a holiday home. The house stands on two floors. The ground floor comprises the guest room/apartment with ensuite shower room, a gym and a storage room. The upper floor which is the main house comprises a living room/dining room with a modern energy efficient fireplace and fully fitted kitchen with breakfast bar, two double bedrooms (one of them now used as an office), a shower room and a large double bedroom with access to the pool terrace with a large bathroom next to it. Outside there is a good size pool with pool terrace and coffee and dining areas on terrace and balcony on the upper level and a large wooden pergola with BBQ and wood oven with a large table and benches in the shade, covered parking for two large cars close to the ground level entrance. The heated swimming pool is overflow with waterfall and has a built-in jacuzzi with 32 jets . It also has an automatic chlorination and maintenance system, and a newly built spacious engine room. The exterior lighting is renewed and modernized according to the current standards. All the terraces have brand new, modern tiles. The property has been equipped with a Photovoltaic Panel system (net metering) that ensures its supply of energy but can possibly be expanded if the owner wants to move from net metering to full autonomy. The house is equipped with central heating (heat pump and radiators in the interior). There are small flower gardens and a covered/protected vegetable garden to the south of the house as well as a large olive grove/fruit garden (70 trees) surrounding he landscaped area. The town of Ierapetra, with all the shops, banks, hospital, beaches etc, is only 2km from the property. The town of Agios Nikolaos is about a 30min drive. The international airport of Heraklion is about 1 hour and 15min drive.
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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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,909 | £20,508 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,909 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,508 |
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,909 | £20,508 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,909 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,508 |
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 £20,508 more.
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