Sale, Residential, Building

ARCHANES - ASTEROUSIA - EPANO ARCHANES

Property Code: 476278

Rooms 5
Bathrooms 3
Floor 0 (Ground Floor)
Parking 2
Area 270 m2
Construction 1980

200000

Calculate my installment

740.74074074074 € / m2

Modify Date: 20/07/26

Description

Traditional Stone Building Complex for Sale in Ano Archanes, Heraklion, Crete Located in the heart of the picturesque village of Ano Archanes, one of Crete's most charming and sought-after traditional settlements, this unique property presents an outstanding opportunity to create a remarkable private residence, boutique accommodation, or investment project. The property consists of two adjoining two-storey buildings, offering exceptional flexibility for renovation and redevelopment. The first building is a traditional stone-built house, preserving the authentic character and architectural charm of old Crete. It enjoys direct access to a private courtyard, which can be beautifully landscaped into an outdoor living area or converted into a private parking space. Adjacent to it is a second two-storey building with multiple layout possibilities. The ground floor can be transformed into a spacious storage area or an independent one-bedroom residence, while the upper floor can be redesigned as a separate two-bedroom apartment, making the property ideal for multi-family living or rental income. The entire property requires renovation, offering the new owner the freedom to design and customize the spaces according to their own vision and requirements while significantly increasing its market value. A major advantage is the possibility of dividing the property into two independent buildings through a vertical ownership arrangement, providing excellent flexibility for resale, separate ownership, or multiple investment strategies. An excellent opportunity for: A unique private residence with authentic Cretan character. Boutique holiday accommodation or luxury rental units. Short-term or long-term rental investment. Property developers seeking a renovation project with significant added value. Investors looking to create two independent properties for maximum return. Combining traditional Cretan architecture, generous redevelopment potential, and a prime location in one of the island's most attractive villages, this property represents an exceptional investment opportunity with outstanding future prospects.

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Renovation : Some
Elevator : No
Floors : Tile
Satellite Antena : ---
Furnished : Some
Solar heater : Yes
Heating : Without elevator heating
Pets acceptable : Yes
Air conditioning : Yes
Kitchen : Independent
Kitchen (number) : 2
Stairs : Interior
Type Power : Single phase
Property area : 220
External appearance : Good
Balconies (s.m.) : 2
Surrounding area : Close to market, Quiet area
Storehouse : Yes, Big, In the house
No. Floors : 2
Number of apartments : 2
Zone : Residential zone
View : Mountain
Position : Facade
Suitable for Vacation House : Yes
Suitable for Business use : Yes
Suitable for Students : No
Property status : Unfinished
Quality construction : Modern construction
Orientation : Northern
Transportation : Bus

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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