Detached house of 240 sq.m. for sale in Loutra. This is an unfinished property in the masonry phase. The property is two-storey with a basement which can also be used as a residence. Each floor has an area of about 120 sq.m. and can either become a single house or be divided into at least two apartments with basement areas. It is located within the settlement of Loutra in a location that offers very good views especially from the upper floors. The view reaches the sea while it is unlimited around the perimeter of the house and overlooks the entire surrounding rural area. The plot on which the property is built is approximately 700 sq.m. and can be developed into a beautiful surrounding area. The masonry has been completed on the upper floor while the ground floor apartment and the basement are undeveloped. Around each floor there are balconies everywhere which will allow the residents of the house to sit outside throughout the day regardless of the position of the sun while also allowing natural light to enter the property constantly. The fact that the property is unfinished of course increases the cost - despite the reasonable initial asking price - but it also allows the new owners to shape the property according to their personal taste and gives them the opportunity to build a house as they dream. This particular property has a multi-purpose character as it can either become a huge house or be divided into up to three or four different apartments. In other words, one could complete an apartment to live in with his family and rent out or even sell the rest, thus reducing the amount of the investment. With the current situation and the new building regulations even within settlements, an unfinished house is one of the few ways where someone can be completely sure that they can build and that there will be no future problems. There is already a valid permit issued so the new owner can be sure that there will be no delays or even building restrictions. In conclusion, this is an interesting investment opportunity as one can avoid the bureaucracy regarding the issuance of permits, can make their own schedule and use the property in any way they see fit. To build their permanent residence, since Loutra is only 15 minutes from Rethymno, to build houses for exploitation, as the village has a strong residential and tourist demand or even a combination of the two as mentioned above. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 3469607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.