Detached house of 214 sq.m. for sale in Missiria. This is a property that was built in 1922 and needs extensive renovation. In its current state it has, in addition to the kitchen and the bathroom, four bedrooms. Around the plot, with a total area of approximately 540 sq.m., there is a garden and storage areas. Its current condition, although poor, gives an idea of how it could be transformed into an excellent residence after renovation. The specifications of the garden are excellent while there is even space for the creation of a swimming pool while the house is about 400 meters from the sea. With the current situation regarding building regulations and the ambiguity regarding the issuance of building permits, existing structures that can be used for the issuance of a permit, turn such properties into incomparably more advantageous and investment-sustainable opportunities as there is no need for special involvement with bureaucracy. The total cost, in time and money, is clearly lower for investors who choose to invest their money in an existing property, compared to those who choose to buy a plot of land and proceed with the issuance of a building permit in order to build a property from scratch. The area of Misiria, due to its proximity to the city of Rethymno (about 4 km), is essentially considered an extension of the city to the east. This is the reason why in recent years it has seen a particular residential development. Furthermore, due to the fact that the settlement extends along the coast, it is an area with particular tourist development, giving an additional investment feature to this property, as the new owner can easily exploit it for tourism. The wider area offers restaurants, supermarkets and frequent transport to the city of Rethymno. 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.