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This majestic 175 sqm townhouse in Megisti, the official name of Kastellorizo, emanates the ambiance of a bygone era, while offering all modern life comforts
Kastellorizo, Aegean Islands, Greece
REF: 790643
€470,000
Description
This majestic 175 sqm townhouse in Megisti, the official name of Kastellorizo, emanates the ambiance of a bygone era, while offering all modern life comforts. Originally erected at the end of the 19th century, but meticulously renovated with the utmost respect to the building's traditional character, the 175 sqm townhouse rests on a 80 sqm plot and unfolds over three floors, with many levels on each. The house offers a total of six bedrooms, three bathrooms, one kitchen, a dining room and several sitting areas, some raised from the main floor level. The balconies of the second and third floors of the house enjoy a panoramic view of the sea, extending all the way up to Turkey, and the capital of Kastellorizo, while the small garden is planted with trees and features a BBQ and seating for you to enjoy your meal in their shade. The climate in Kastellorizo is very mild, but the townhouse features a wood stove and air conditioning units for you to adjust the temperature to your desired level, while hot water is provided by a solar panel. Rental potential With a rich, multi-cultural tradition, mild climate, a nice beach and everything within reach, Kastellorizo is a popular tourist destination and a property like this will certainly command a premium price for an extended high season. Location Kastellorizo is the easternmost part of Greece, just 1 nautical mile away from the Turkish town of Kas, and halfway between Rhodes and Annalya. The island is just six kilometres long and three kilometres wide, but its size it conversely proportional to its history and tradition. Kastellorizo was first colonised by Dorian Greeks and has over the centuries been ruled by Greeks, Byzantines, the Knights Hospitaller, the Ottomans, the French, for a brief period in WW1, and the Italians, before being assigned to Greece in 1947. The island can be reached by air or ferry from Piraeus, Rhodes or Kas. It features many, for its size, places of historical or natural interest, such as the Blue Cave, St. John's Castle, the citadel of Paleokastro and the Old Mosque and Folk Museum. There are also many tavernas, restaurants and cafes catering for all tastes and budgets.
This majestic 175 sqm townhouse in Megisti, the official name of Kastellorizo, emanates the ambiance of a bygone era, while offering all modern life comforts. Originally erected at the end of the 19th century, but meticulously renovated with the utmost respect to the building's traditional character, the 175 sqm townhouse rests on a 80 sqm plot and unfolds over three floors, with many levels on each. The house offers a total of six bedrooms, three bathrooms, one kitchen, a dining room and several sitting areas, some raised from the main floor level. The balconies of the second and third floors of the house enjoy a panoramic view of the sea, extending all the way up to Turkey, and the capital of Kastellorizo, while the small garden is planted with trees and features a BBQ and seating for you to enjoy your meal in their shade. The climate in Kastellorizo is very mild, but the townhouse features a wood stove and air conditioning units for you to adjust the temperature to your desired level, while hot water is provided by a solar panel. Rental potential With a rich, multi-cultural tradition, mild climate, a nice beach and everything within reach, Kastellorizo is a popular tourist destination and a property like this will certainly command a premium price for an extended high season. Location Kastellorizo is the easternmost part of Greece, just 1 nautical mile away from the Turkish town of Kas, and halfway between Rhodes and Annalya. The island is just six kilometres long and three kilometres wide, but its size it conversely proportional to its history and tradition. Kastellorizo was first colonised by Dorian Greeks and has over the centuries been ruled by Greeks, Byzantines, the Knights Hospitaller, the Ottomans, the French, for a brief period in WW1, and the Italians, before being assigned to Greece in 1947. The island can be reached by air or ferry from Piraeus, Rhodes or Kas. It features many, for its size, places of historical or natural interest, such as the Blue Cave, St. John's Castle, the citadel of Paleokastro and the Old Mosque and Folk Museum. There are also many tavernas, restaurants and cafes catering for all tastes and budgets.
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Currency Exchange
Kastellorizo, 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 €470,000 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 |
|---|---|---|---|
| €470,000 | £390,899 | £405,403 | £14,504 |
| Property Price € | €470,000 |
| Minimum cost in the last six months | £390,899 |
| Maximum cost in the last six months | £405,403 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,504 |
Kastellorizo, 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 €470,000 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 |
|---|---|---|---|
| €470,000 | £390,899 | £405,403 | £14,504 |
| Property Price € | €470,000 |
| Minimum cost in the last six months | £390,899 |
| Maximum cost in the last six months | £405,403 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,504 |
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 £14,504 more.
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