Property ID : OIASUPER1
For Sale 880,000€ - Villas for Sale Greece
Super Investment Opportunity in Oia Santorini. Cave House at Caldera
It is known that people, families and investors from around the world looking for a dream property in Caldera in Santorini, renovate it and turn it into a Luxury Cave Rental Villa and get a very good income from it.
It is known that this old houses at Caldera is like a treasure for most people and this is why it is very rare to find one available any more, as most of them have been bought and already operating as luxury houses.
This property is a big opportunity because of its price, its location and its potentials.
Similar old houses at Oia, with 1/2 of the size have been sold from 700-950.000 euro.
Same size old houses at Oia have an asking price of 1.000.000 – 1.250.000 euro.
This house, of 80 sq.m in total size, with yard looking at the sea and the sunset, build in the caldera and consist of 2 bedrooms and 2 bathrooms is offered in an excellent price (todays market in Caldera Santorini).
The house if renovated can be offered for Luxury Rent (either in AIRBNB, or BOOKING or other ) for a daily rental price of 600-1.000 euro.
In Santorini , you have to estimate 220 days of operation per year, as the season is the longest among all Greek islands. Because of the whether, because of the type of tourism (not mainly for swimming but for the ambience, the view, the caldera, the food and more)
It is easy to understand that this property will have a great ROI (Return on Investment) for the new owner.
Located at the TOP location of Santorini, the famous OIA. More specific, is located at the best location of Oia at Caldera above Ammoudi, where the famous castle is, where thousands of people gathering nearby to get a picture of the voted No1 Sunset in the World.
It is at the lower levels of the Caldera, giving an extra privacy that is very popular in Santorini Luxury Cave houses.
In total is a Villa of 80 sq.m with 2 bedrooms ( bedroom and TV room ) and 2 bathrooms and Living Room.
It has a magnificent 30 sq.m yard with amazing sea and sunset views.
House Size: 80sqm
Yard: 30 sqm