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Renovation Project by the Beach
Kolymbari, Chania, Greece
REF: 841068
€198,000
Description
This house for sale in Kolymbari, Chania, is a unique renovation project located only 40 meters from the sandy beach. The total size of the land is 284 m and currently inside the plot is situated a single level house of 103m . Once you enter the main door, you can see the spacious living room with mosaic floors throughout and a long hallway that connects the other rooms of the property. In a separate room, a spacious bright kitchen appears and next to it there is a bathroom with a bathtub. At the end of the hallway there are two bedrooms, one currently used as a storage area. Outside, the property offers a garden and views of the White Mountains and, once restored, it could have exceptional elevated sea views due to its proximity to the sea. The house requires restoration and provides extra building allowance, making it an excellent opportunity for investment as a rental house or a permanent residence. HIGHLIGHTS 103m Living Space Sea & Mountain Views Additional Building Density 284m plot Ready for Renovation Amenities Nearby Only 40m to Sandy Beach
This house for sale in Kolymbari, Chania, is a unique renovation project located only 40 meters from the sandy beach. The total size of the land is 284 m and currently inside the plot is situated a single level house of 103m . Once you enter the main door, you can see the spacious living room with mosaic floors throughout and a long hallway that connects the other rooms of the property. In a separate room, a spacious bright kitchen appears and next to it there is a bathroom with a bathtub. At the end of the hallway there are two bedrooms, one currently used as a storage area. Outside, the property offers a garden and views of the White Mountains and, once restored, it could have exceptional elevated sea views due to its proximity to the sea. The house requires restoration and provides extra building allowance, making it an excellent opportunity for investment as a rental house or a permanent residence. HIGHLIGHTS 103m Living Space Sea & Mountain Views Additional Building Density 284m plot Ready for Renovation Amenities Nearby Only 40m to Sandy Beach
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Currency Exchange
Kolymbari, Chania, 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 €198,000 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 |
|---|---|---|---|
| €198,000 | £166,185 | £170,787 | £4,602 |
| Property Price € | €198,000 |
| Minimum cost in the last six months | £166,185 |
| Maximum cost in the last six months | £170,787 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,602 |
Kolymbari, Chania, 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 €198,000 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 |
|---|---|---|---|
| €198,000 | £166,185 | £170,787 | £4,602 |
| Property Price € | €198,000 |
| Minimum cost in the last six months | £166,185 |
| Maximum cost in the last six months | £170,787 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,602 |
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 £4,602 more.
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