3 Studios in Chalepa for sale

Studio 1Studio 2Sea ViewsStudio 3Sea Views
Property type: Apartment
ID: BA600
Floor:2
Year Built:2007
Land Area:720m²
Built Area:113m²
3
Beds
3
Baths
220,000€

Three (3) fully furnished studios for sale in a very central and upcoming area of Chania. These are horizontal properties located in a three-storey apartment building, built on a plot of 720sqm.

The apartments for sale are located on the 2nd floor of the building. Every year they are diligently maintained and remain in perfect condition. The size, the year of construction, the year of last renovation and their energy efficiency are shown in the table below: 

Broosco Table1

All apartments are fully furnished and feature:

  • electrical appliances
  • aluminum doors and windows
  • balcony with sea and city views
  • air-condition units (12,000 btu)
  • solar water heater
  • autonomous heating with convectors

The apartment building also features:

  • thermal insulation
  • waterproofing insulation
  • connection to the central sewerage network

Location

The complex is located in a privileged area of ​​Chania, just:

  • 8 km from the city center (Municipal Market)
  • 2 km from the Venetian Port
  • 700m (10 minutes walk) from the beach of Kum Kapi
  • 2 km from the Courts Square (Dikastiria)

The new Archaeological Museum of the city is only 100m away, while nearby are other attractions such as the house and the Museum of Memory of El. Venizelos. Transportation is regular and the bus stop is a few meters from the property. In addition, nearby there are :

  • schools
  • super markets
  • pharmacies
  • restaurants
  • boutique hotels

Investment Character

For the last 20 years in Chania the demand for studios is steadily increased. The presence of the Technical University of Crete (Kounoupidiana, Akrotiri) and the Hellenic Mediterranean University (Halepa) as well, have contributed a lot to this. These are two large institutions that are constantly expanding and steadily increasing the demand for student housing. Especially in Chania the demand is consistently higher than the supply. This is proved by the fact that the city of Chania has one of the highest - nationwide - rents per sqm in student houses (average 8.5 € / sqm for unfurnished).

The short-term lease through AIR BNB is also an option that in recent years "flourishes" in Chania. The reason is that through the short-term lease, a significantly higher income is achieved (it can even reach twice as much depending on the characteristics of the property and its management) than what the long-term lease provides. This is also evidenced by the fact that more and more urban property owners prefer this model over long-term urban leasing.

The apartments are currently rented to students and provide a rather satisfactory rate of return in excess of 4.5%.

Right to  built

The sale price includes the right to build for an additional 95sqm, which makes the property even more attractive from an investment point of view.

Features

AmenitiesFitted kitchen|Telephone line|Internet access|
SecuritySecurity door|Lock up gate|
Heating/CoolingAircondition|
Energy PerformanceSolarwater heater|Insulation|
FurnishedWhite goods|Furniture|
ViewSea|Mountain|City|

Location: Chalepa

Points of Interest

City of Chania1,6km
Chania Airport12,3km
Souda Harbour (Chania)6,1km
Chania Hospital5,9km
Venetian Harbor2,0km

Settlements

Kounoupidiana5,1km
Mournies5,9km
Souda6,0km
Agii Apostoloi6,1km
Pervolia6,3km

Beaches

Koum Kapi751m
Nea Chora2,9km
Hrisi Akti5,1km
Agii Apostoli6,0km
Glaros6,3km

Cost and Taxes

Asking Price220,000€
Real Estate transfer tax6,798€
Value added tax-
Estimated total ammount for taxes6,798€
Estimated Realtor 's commission5,500€
Estimated Notary 's Fees2,598€
Estimated Attorney 's Fees (optional)3,300€
Total amount for fees (VAT is included)11,398€
Land Registry1,045€
Closing costs-
Total potential expenses1,045€
Estimated Total Buying Cost
239,241€

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3 Studios in Chalepa | ID: BA600

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