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Surrounded by nature, this elegant villa in Margariti offers all modern amenities and is the ideal base for exploring the wonders of Western Greece
Margariti, Central Greece, Greece
REF: 775250
€250,000
Description
Surrounded by nature, this elegant villa in Margariti offers all modern amenities and is the ideal base for exploring the wonders of Western Greece. The 117 sqm villa is developed on a 452 sqm plot in the village of Margariti. It unfolds over two floors while also offering a 21 sqm attic, which communicates with the main living area through an interior staircase. It provides a total of three bedrooms and two bathrooms, a living/dining room with a fireplace, and an open-plan kitchen, as well as a storage room and a 13 sqm pergola. All frames are PVC and double-glazed, fitted with fly screens, while most are also fitted with shutters. The house is sold fully and tastefully furnished, complete with AC units and a solar panel to cater for hot water needs. The plot is fenced and offers breathtaking views of the mountains and the surrounding countryside. Its focal point is the 24 sqm swimming pool, where you and your guests can relax and immerse yourself in the unspoiled nature of Margariti. Rental potential This villa has been licensed by the Hellenic Tourism Organization and is successfully operating for short-term rentals, while its location and amenities render it a popular choice for those wishing to explore the area. Location - Distances Characterized as a traditional settlement, the village Margariti was established by the Venetians around 1430 AD. Following the fall of the Byzantine Empire and the occupation of the area by the Ottoman Turks, the Byzantine fortress dominating the area was rebuilt into an Ottoman castle in 1549, which was captured by the Venetians in 1571 and immortalized in Antonio Vassilacchi's painting "The Capture of Margariti", adorning the Doge's Palace in Venice. The ruins of that castle still dominate the landscape, while the village itself boasts several mansions, some of which have been renovated. Its proximity to Parga, Syvota, the Ionian Sea coastline, but also the major cities of Ioannina and Preveza, as well as its excellent climate, render Margariti an ideal base to explore the western part of mainland Greece. Parga: 20 km Syvota: 25 km Igoumenitsa: 30 km Ioannina: 89 km Aktion International Airport (Preveza): 65 km
Surrounded by nature, this elegant villa in Margariti offers all modern amenities and is the ideal base for exploring the wonders of Western Greece. The 117 sqm villa is developed on a 452 sqm plot in the village of Margariti. It unfolds over two floors while also offering a 21 sqm attic, which communicates with the main living area through an interior staircase. It provides a total of three bedrooms and two bathrooms, a living/dining room with a fireplace, and an open-plan kitchen, as well as a storage room and a 13 sqm pergola. All frames are PVC and double-glazed, fitted with fly screens, while most are also fitted with shutters. The house is sold fully and tastefully furnished, complete with AC units and a solar panel to cater for hot water needs. The plot is fenced and offers breathtaking views of the mountains and the surrounding countryside. Its focal point is the 24 sqm swimming pool, where you and your guests can relax and immerse yourself in the unspoiled nature of Margariti. Rental potential This villa has been licensed by the Hellenic Tourism Organization and is successfully operating for short-term rentals, while its location and amenities render it a popular choice for those wishing to explore the area. Location - Distances Characterized as a traditional settlement, the village Margariti was established by the Venetians around 1430 AD. Following the fall of the Byzantine Empire and the occupation of the area by the Ottoman Turks, the Byzantine fortress dominating the area was rebuilt into an Ottoman castle in 1549, which was captured by the Venetians in 1571 and immortalized in Antonio Vassilacchi's painting "The Capture of Margariti", adorning the Doge's Palace in Venice. The ruins of that castle still dominate the landscape, while the village itself boasts several mansions, some of which have been renovated. Its proximity to Parga, Syvota, the Ionian Sea coastline, but also the major cities of Ioannina and Preveza, as well as its excellent climate, render Margariti an ideal base to explore the western part of mainland Greece. Parga: 20 km Syvota: 25 km Igoumenitsa: 30 km Ioannina: 89 km Aktion International Airport (Preveza): 65 km
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Currency Exchange
Margariti, Central Greece, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
Margariti, Central Greece, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 £8,888 more.
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