A unique, fully restored, early 19th Century Manor next to a landmark of the Old Town of Rethymno, the Rimondi Fountain

Rethymno (regional unit), Crete, Greece

For Sale

€1,550,000

REF: 895485 €1,550,000


3

3

115 m2

Description

A unique, fully restored, early 19th Century Manor next to a landmark of the Old Town of Rethymno, the Rimondi Fountain. This 193 sqm three-storey Manor on a 115 sqm plot was originally built in two phases: the ground floor dates back to the early 19th Century, the Ottoman rule days, while the upper floors were originally built in the post-WW II period, in the 1950s.

The ground floor now offers an open-plan dining/living room and kitchen (approximately 45 sqm in total), as well as a guest WC. The first floor houses two bedrooms, both with en-suite bathrooms and a corridor where the laundry closet is located. The balconies on the floor face the Rimondi Venetian Fountain, one of Rethymno's most notable landmarks.

The second floor offers one more bedroom with an en-suite bathroom and a kitchenette, while its balconies face both the fountain as well as the inner courtyard of the manor. Although the building's character has been preserved, its restoration introduced several modern amenities, such as the double-glazed wooden energy panels fitted with shutters and the fan-coil heat pump, which provides heating and cooling in all spaces of the manor.

The Restoration Process The project involved restoring and redesigning the interior of a three-story, 19th-century residence in Rethymno's Old Town near the iconic Rimondi Fountain.The restoration preserved all original architectural elements. The exterior was restored by replacing the eroded coatings with earthy-toned, water-based pozzolanic mortar and reinforcing the walls with grout.

All openings on the facade were maintained, while two more were added, facing the inner courtyard, for natural light. All window frames were replaced with modern wooden panelled ones. The three-pitch roof was repaired using wooden trusses, beams, and tiles arranged to match the original structure. The rectangular doorway from the courtyard to the house, with its triangular masonry cladding, is the main architectural feature emphasized in the restoration.

All floors are covered with beige limestone, similar to that of the Rimondi Fountain. Earthy, light colours were used for the fixed interior elements. The furniture was selected to complement the restored spaces and add a vibrant ambience to them. Rental Potential Rethymno is among the most popular destinations in Greece, enjoying an extended season which begins mid-March and ends well into the last weeks of November.

It is served by both the international airport of Heraklion and that of Chania, the town being roughly mid-way between the other two major urban centres on the island. Rethymno offers all the amenities one would expect from a modern European city and boasts several monuments dating back to the Venetian and Ottoman eras of the city, an Archaeological, Modern Art, Historical, and Paleontological Museum, the latter housed in Veli Pasha Mosque, itself an architectural landmark.

The town of Rethymno is itself a cosmopolitan destination on account of its vibrant life, important landmarks and proximity to many sandy beaches along the northern coast of the island. The prime location of the manor, as well as its distinctive character, can command a premium for short-term holiday rentals.

Many reputable rental management agencies operating in Rethymno will undertake the management and maintenance of the manor and its bookings. Distances Rethymno Town Center: 0 m Rethymno Beach: 1 km Platanes Beach: 6.5 km Gerani Beach: 8.5 km Chania International Airport: 66 km Chania City Center (& Port): 59 km Heraklion City Center (& Port): 79 km Heraklion International Airport: 83 km
A unique, fully restored, early 19th Century Manor next to a landmark of the Old Town of Rethymno, the Rimondi Fountain. This 193 sqm three-storey Manor on a 115 sqm plot was originally built in two phases: the ground floor dates back to the early 19th Century, the Ottoman rule days, while the upper floors were originally built in the post-WW II period, in the 1950s.

The ground floor now offers an open-plan dining/living room and kitchen (approximately 45 sqm in total), as well as a guest WC. The first floor houses two bedrooms, both with en-suite bathrooms and a corridor where the laundry closet is located. The balconies on the floor face the Rimondi Venetian Fountain, one of Rethymno's most notable landmarks.

The second floor offers one more bedroom with an en-suite bathroom and a kitchenette, while its balconies face both the fountain as well as the inner courtyard of the manor. Although the building's character has been preserved, its restoration introduced several modern amenities, such as the double-glazed wooden energy panels fitted with shutters and the fan-coil heat pump, which provides heating and cooling in all spaces of the manor.

The Restoration Process The project involved restoring and redesigning the interior of a three-story, 19th-century residence in Rethymno's Old Town near the iconic Rimondi Fountain.The restoration preserved all original architectural elements. The exterior was restored by replacing the eroded coatings with earthy-toned, water-based pozzolanic mortar and reinforcing the walls with grout.

All openings on the facade were maintained, while two more were added, facing the inner courtyard, for natural light. All window frames were replaced with modern wooden panelled ones. The three-pitch roof was repaired using wooden trusses, beams, and tiles arranged to match the original structure. The rectangular doorway from the courtyard to the house, with its triangular masonry cladding, is the main architectural feature emphasized in the restoration.

All floors are covered with beige limestone, similar to that of the Rimondi Fountain. Earthy, light colours were used for the fixed interior elements. The furniture was selected to complement the restored spaces and add a vibrant ambience to them. Rental Potential Rethymno is among the most popular destinations in Greece, enjoying an extended season which begins mid-March and ends well into the last weeks of November.

It is served by both the international airport of Heraklion and that of Chania, the town being roughly mid-way between the other two major urban centres on the island. Rethymno offers all the amenities one would expect from a modern European city and boasts several monuments dating back to the Venetian and Ottoman eras of the city, an Archaeological, Modern Art, Historical, and Paleontological Museum, the latter housed in Veli Pasha Mosque, itself an architectural landmark.

The town of Rethymno is itself a cosmopolitan destination on account of its vibrant life, important landmarks and proximity to many sandy beaches along the northern coast of the island. The prime location of the manor, as well as its distinctive character, can command a premium for short-term holiday rentals.

Many reputable rental management agencies operating in Rethymno will undertake the management and maintenance of the manor and its bookings. Distances Rethymno Town Center: 0 m Rethymno Beach: 1 km Platanes Beach: 6.5 km Gerani Beach: 8.5 km Chania International Airport: 66 km Chania City Center (& Port): 59 km Heraklion City Center (& Port): 79 km Heraklion International Airport: 83 km
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Currency Exchange

Rethymno (regional unit), Crete, 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 €1,550,000 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
€1,550,000 £1,289,414 £1,333,961 £44,547
Property Price € €1,550,000
Minimum cost in the last six months £1,289,414
Maximum cost in the last six months £1,333,961
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,547

Rethymno (regional unit), Crete, 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 €1,550,000 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
€1,550,000 £1,289,414 £1,333,961 £44,547
Property Price € €1,550,000
Minimum cost in the last six months £1,289,414
Maximum cost in the last six months £1,333,961
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,547

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 £44,547 more.

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