Holiday Cottages in Crete, Greece Great for Buy-To-Let

Property Details
Property: Property (Resale)
House / Home in Greek Islands, Greece

Features: A Ground Floor House. Ideal for Holiday Cottage. An old house approx 35m2, located in the traditional village of Kritsa, is for sale.

The property, which is in need of some renovation, is arranged on 1 level and the accomodation comprises of 2 interconected rooms. In one of them there is an original fire place.
Externaly, there is a good sized courtyard.

The property could be extended by adding a second floor.

There is road access and parking is close by and the property is connected to the village main drainage system

The cosmopolitan town of Aghios Nikolaos with its sandy and blue flag awarded beaches is 10min away from the village. The international airport of Heraklion is 1.15min away.

An ideal property to create a lovely holiday 1-2 bedroom home close to all shopping and local amenities.

More Information: It is also a great tourist place and you can rent the property for upto £80 per week after expenses. Average Rentals are about 30 week per year giving an income of £80 * 30 = £ 2400 to £2500 per year.

Total Cost of Property = £14,800 + Improvement Costs £2,200
Invest £ 17,000

Mortgage Upto 65% possible thus you may only need to put in cash of about £5,000 and earn about £2500 less morgage interest of £500

Thus Invest £5000 and Get a Return of £2000 per year

Get it before it is too late

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