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Villa for sale in Tinos, Greece, 800 m²

Villa for sale in Tinos, Greece, 800 m² - photo 1
Villa for sale in Tinos, Greece, 800 m² - photo 2
Villa for sale in Tinos, Greece, 800 m² - photo 3
Villa for sale in Tinos, Greece, 800 m² - photo 4
Villa for sale in Tinos, Greece, 800 m² - photo 5
Villa for sale in Tinos, Greece, 800 m² - photo 6
Villa for sale in Tinos, Greece, 800 m² - photo 7
Villa for sale in Tinos, Greece, 800 m² - photo 8
Villa for sale in Tinos, Greece, 800 m² - photo 9
Villa for sale in Tinos, Greece, 800 m² - photo 10
Villa for sale in Tinos, Greece, 800 m² - photo 11
Villa for sale in Tinos, Greece, 800 m² - photo 12
Price€450,000
TypeVilla
Covered area800 m²
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Description

Tinos is one of the most beautiful island of the Aegean sea and places of pilgrimage for Orthodox Christians from all over the world. A complex of 10 fork is located in the village of Agios Romanos, 10 minutes from the island's main town. The village is inhabited mainly by fishermen. There is also a small port. The Villa is 600 meters from the pristine and beautiful sea. •20 minutes to the island of Mykonos •30 minutes to the island of Syros •45 minutes to the island of Paros •3 hours from Rafina (Athens) •4 ½ hours to Piraeus The plot consists of 2 to 4 100 sq m each - in each part for 5 villas. The area of each house is 80 sqm (40 sqm main+extra 40 sqm) Consists of 2 bedrooms, living room, kitchen, bathroom, large terrace with sea views. All licenses and documents are ready. It is planned to build 2 pools. The price of the project at this stage is 450 000 Euro. The total final cost of the finished project is 1 200 000 Euro. The time required for completion is 12 months. The estimated cost to complete construction -750 000 Euros. The return on investment for this project is 44% Income from renting 10 units is expected about 200 000 Euros per year (16%).

Extra Сosts when Buying Property

TRANSFER TAX3.09%
OTHER FEES
Land Registry Fees 0.5%
Notary fees 1.5% (+24% VAT)

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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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