Location:
Chalkidiki » Kassandra » Kassandreia
Price per sqm:
€ 773 /sqm
Area:
194 sqm
Bedrooms:
4 bedrooms
Construction year:
1955
System of heating:
Autonomous heating system
Bathrooms:
2
Heat medium:
Petrol
Energy class:
C
Living rooms:
2
Kitchens:
2
Residential zone:
Residential
Modified:
4 days ago
Views:
96
Link:
www.plot.gr/54400898
Telephone:
(CEDE)
Online Finance
Description
Timeless Stone Residence – A Rare Renovation Opportunity
Land surface: 228sq.m
Building surface: 194sq.m
Levels: 2 (two autonomous flats)
Nestled at the peak of Kassandreia village overlooking toward the east side of the peninsula, this 20th century limestone two floor house offers a unique canvass for visionary investor or someone that wants to have a property with the aesthetics and craftsmanship of another era. Exterior needs to have the plaster removed to highlight the stone’s beauty.
Current condition: Solid Structure Exterior, plaster addition if removed will highlight the 60cm lime-stone wall. Interior in very good condition, with well - preserved architectural features. Work needs to be done to modernize the kitchen and the bathroom at each floor.New PVC double glazed window frames have been installed.
Why Renovate a Limestone Building – (something we can also do for you!)
Many owners face a dilemma: invest in a general renovation or demolish the structure and start from scratch? The answer—both technically and economically—clearly leans toward renovation.
1. Durability and Structural Stability
Traditional stone construction has excellent bearing capacity. In essence, we are leveraging a “skeleton” that is already extremely robust.
2. Energy Upgrade
A stone building with walls 60 cm thick provides thermal mass that no modern wall system can match at the same cost. By adding interior insulation, the structure becomes a 100 % energy efficient building while retaining its character.
3. Economic Benefit -Sustainability
• Demolition + New Construction: Roughly €1,500per m² for a conventional new building—at a minimum—without accounting possible urban planning constraints. Re using existing masonry cuts carbon emissions as well.
• General Renovation of a Stone Building: Costs typically range from €600–€800 per m², depending on the scope (structural, electromechanical, and energy upgrades). In other words, the investment can be a significantly lower percentage of the total cost compared with rebuilding.
• Market Premium – added value: A renovated stone building is more than just a home—it’s an investment. The market shows a clear preference for preserved structures with traditional architecture, especially in tourist areas. Its commercial value after renovation can far exceed the cost of the investment, potentially reaching up to 50 % of the purchase price. Renovation is something we can help you if you decide to make such an investment!
• Longevity: properly restored limestone can last centuries with minimal upkeep
For more information give us a call