Sale, Residential, Apartment

IRAKLIO KRITIS - ESTAVROMENOS

Property Code: 511498

Rooms 1

Bathrooms 1

Floor 0 (Ground Floor)

Area 30 m²

Construction 1980

25000

or by acquiring a mortgage €/ΜONTH

833.33333333333 € / m²

Modify Date: 17/02/26

Description

Investment Opportunity: Auction Property in Estavromenos Strategic Location | High Yield Potential | Foreclosure Opportunity A 30 sq.m. frontage property is available for acquisition through the auction process in the high-demand area of Estavromenos, Heraklion. This constitutes a unique investment opportunity for those looking to enter the market at a competitive price point. Key Highlights: Auction Advantage: As an auction property, it presents a significant opportunity for investors to secure a high-quality asset below market value, maximizing potential Return on Investment (ROI). Construction: Part of a modern 7-apartment complex with excellent curb appeal, featuring aluminum frames and a sunlight-filled kitchen area. Customization: Flooring is "buyer's choice," providing the flexibility to finalize the interior design post-acquisition. Location: Situated in a prime spot near the University, local markets, and bus routes, making it a "bulletproof" choice for student rentals or office space.

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Elevator :	No
Satellite Antena :	---
Heating :	Without elevator heating
Pets acceptable :	Yes
Kitchen :	Bright
Kitchen (number) :	1
Type Power :	Single phase

Property area :	232
External appearance :	Excellent
Surrounding area :	Close to school, Close to market

Number of apartments :	7
Zone :	Residential zone
Position :	Facade
Suitable for Vacation House :	Yes
Suitable for Business use :	Yes
Suitable for Students :	Yes
Quality construction :	Excellent construction
Orientation :	Western
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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