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These twin cavern houses are prime examples of traditional Cycladic architecture and offer unobstructed views of the Aegean Sea
Episkopi Gonias, Aegean Islands, Greece
REF: 757109
€620,000
Description
These twin cavern houses are prime examples of traditional Cycladic architecture and offer unobstructed views of the Aegean Sea. These two properties are an excellent investment opportunity for everyone looking for a passive rental income in the top holiday destination of Greece. Developed on a 230 sqm plot in the village of Episkopi Gonias, the cavern houses were originally built in the late 19th century and were completely renovated in 2008. Anthea Area: 80 sqm Living room, dining room, kitchen, three bedrooms, two bathrooms 2 x 5 m swimming pool, 1 m deep Solar water heating Air conditioning units for temperature control Underground storage room Fully and tastefully furnished, including all kitchen and bathroom equipment and appliances Locks fitted on fences, doors, and windows Helios Area: 60 sqm Living room, dining room, kitchen, two bedrooms, two bathrooms 2 x 2.5 m swimming pool, 80 cm deep Solar water heating Air conditioning units for temperature control Wood storage facility on the terrace Fully and tastefully furnished, including all kitchen and bathroom equipment and appliances Locks fitted on fences, doors, and windows Rental potential Both cavern houses are extremely suitable and, indeed, have been made available for short-term rentals. Their prime location and distinctive character as well as the cosmopolitan nature of Santorini means that they can command a premium price for an extended high season. Location - Distances The village Episkopi Gonias is centrally located on the southern end of Santorini and is known for its many wineries. Its central location makes it an ideal base for exploring the island. Kamari Beach: 4 km Ormos Athinios (Port): 6.5 km Santorini Caldera: 2.5 km Oia: 20 km Santorini International Airport: 5 km Fira: 6 km Imerovigli: 8 km
These twin cavern houses are prime examples of traditional Cycladic architecture and offer unobstructed views of the Aegean Sea. These two properties are an excellent investment opportunity for everyone looking for a passive rental income in the top holiday destination of Greece. Developed on a 230 sqm plot in the village of Episkopi Gonias, the cavern houses were originally built in the late 19th century and were completely renovated in 2008. Anthea Area: 80 sqm Living room, dining room, kitchen, three bedrooms, two bathrooms 2 x 5 m swimming pool, 1 m deep Solar water heating Air conditioning units for temperature control Underground storage room Fully and tastefully furnished, including all kitchen and bathroom equipment and appliances Locks fitted on fences, doors, and windows Helios Area: 60 sqm Living room, dining room, kitchen, two bedrooms, two bathrooms 2 x 2.5 m swimming pool, 80 cm deep Solar water heating Air conditioning units for temperature control Wood storage facility on the terrace Fully and tastefully furnished, including all kitchen and bathroom equipment and appliances Locks fitted on fences, doors, and windows Rental potential Both cavern houses are extremely suitable and, indeed, have been made available for short-term rentals. Their prime location and distinctive character as well as the cosmopolitan nature of Santorini means that they can command a premium price for an extended high season. Location - Distances The village Episkopi Gonias is centrally located on the southern end of Santorini and is known for its many wineries. Its central location makes it an ideal base for exploring the island. Kamari Beach: 4 km Ormos Athinios (Port): 6.5 km Santorini Caldera: 2.5 km Oia: 20 km Santorini International Airport: 5 km Fira: 6 km Imerovigli: 8 km
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Currency Exchange
Episkopi Gonias, 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 €620,000 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 |
|---|---|---|---|
| €620,000 | £510,818 | £532,859 | £22,041 |
| Property Price € | €620,000 |
| Minimum cost in the last six months | £510,818 |
| Maximum cost in the last six months | £532,859 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,041 |
Episkopi Gonias, 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 €620,000 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 |
|---|---|---|---|
| €620,000 | £510,818 | £532,859 | £22,041 |
| Property Price € | €620,000 |
| Minimum cost in the last six months | £510,818 |
| Maximum cost in the last six months | £532,859 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,041 |
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 £22,041 more.
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