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Large property including 4 bedroom house, guest apartment, old stone house for renovation and 200 olive trees in charming location
Ierapetra, Greece
REF: 869624
€600,000
Description
This is the sale of a large property (11333m2) in the area of Pachia Ammos/Monastiraki. The gated/fenced property includes a two storey four bedroom house, an unfinished guest apartment, an old stone house for renovation, storage areas and aprox 200 olive trees. The property enjoys lovely views of the nearby mountain range and of the famous Ha canyon. The flat property has good road access via a tarmac road. The house (173m2) comprises a large living room/dining room, a good sized kitchen, a guest toilet and a double bedroom with fitted wardrobes and balcony on the lower floor. On the top floor there are three double bedrooms with fitted wardrobes, large baclonies and a bathroom. There also large balconies on this floor. The house is in need of a few repairs and a new paint job. There is central heating (radiators in all rooms). Beneath the main house (ground level) there is an unfinished one bedroom apartment and storage room. Next to the main house there is a good sized storage room (30m2) and parking spaces for a few cars. On the south side of the farm there is an old stone house which could be renovated in to an extra guest house. The large olive grove is irrigated and all the trees are very easily accessible. There is a second entrance into the property from the southern side for easier access to the olive grove. The property is just a short drive (3 km) from the North coast and the fishing village of Pachia Ammos to the North and under a 10 minute drive the southern town of Ierapetra where one can find many shops, super markets, pharmacies, doctors offices and even a hospital. The province capital, Agios Nikolaos is under a 20 minute drive. The international airport of Heraklion is only one hour by car.
This is the sale of a large property (11333m2) in the area of Pachia Ammos/Monastiraki. The gated/fenced property includes a two storey four bedroom house, an unfinished guest apartment, an old stone house for renovation, storage areas and aprox 200 olive trees. The property enjoys lovely views of the nearby mountain range and of the famous Ha canyon. The flat property has good road access via a tarmac road. The house (173m2) comprises a large living room/dining room, a good sized kitchen, a guest toilet and a double bedroom with fitted wardrobes and balcony on the lower floor. On the top floor there are three double bedrooms with fitted wardrobes, large baclonies and a bathroom. There also large balconies on this floor. The house is in need of a few repairs and a new paint job. There is central heating (radiators in all rooms). Beneath the main house (ground level) there is an unfinished one bedroom apartment and storage room. Next to the main house there is a good sized storage room (30m2) and parking spaces for a few cars. On the south side of the farm there is an old stone house which could be renovated in to an extra guest house. The large olive grove is irrigated and all the trees are very easily accessible. There is a second entrance into the property from the southern side for easier access to the olive grove. The property is just a short drive (3 km) from the North coast and the fishing village of Pachia Ammos to the North and under a 10 minute drive the southern town of Ierapetra where one can find many shops, super markets, pharmacies, doctors offices and even a hospital. The province capital, Agios Nikolaos is under a 20 minute drive. The international airport of Heraklion is only one hour by car.
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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 €600,000 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 |
|---|---|---|---|
| €600,000 | £494,340 | £515,670 | £21,330 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £494,340 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
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 €600,000 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 |
|---|---|---|---|
| €600,000 | £494,340 | £515,670 | £21,330 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £494,340 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
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 £21,330 more.
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