Five-Bed House with Large Plot for Renovation in Petra, Lesvos
€200,000€1,000/m²
Petra, Greece
5
bedrooms
5
bathrooms
200 m²
interior
5,500 m²
plot
House
property type
7 Jul 2026
listed
The Habio take
AI summaryThis five-bedroom house requires renovation and is situated in Petra, Lesvos, on a large plot of 5,500 m² opposite a beach. The property offers potential for personalisation and investment, alongside the charm of island living.
- beach
- investment
- renovation
- quiet
- historic
Highlights
- Generous plot size of 5,500 m²
- Five bedrooms and five bathrooms planned after renovation
- Opposite the beach with stunning sea views
- Walking distance to local amenities and restaurants
- Strong potential for holiday rental income
Worth knowing
- Property requires extensive renovation
- Current condition not livable
- No specific parking arrangements mentioned
Good fit for: Ideal for investors or buyers looking to create a bespoke seaside retreat.
Lifestyle scores
- Beach
- 90
- Walkable
- 70
- Remote work
- 60
- Family
- 70
- Retirement
- 80
- Airport access
- 70
- Investment
- 75
- Luxury
- 50
- Value
- 80
About this place
This property presents an excellent opportunity for renovation in the picturesque village of Petra, on the island of Lesvos. The house boasts a generous internal area of 200 m² and sits on an expansive plot of 5,500 m², providing ample space for redevelopment according to your tastes.
Currently, the house is not livable and requires significant updates or could be demolished to allow for a new build. It is located a short walk away from essential amenities, including shops and restaurants, while also allowing for easy access to stunning local beaches and natural beauty. The region is well-known for its warm climate and welcoming culture, making it a desirable location for either a permanent residence or a holiday rental investment.
Petra is renowned for its unique charm, characterised by its historical landmarks, such as the Panayia Glykofilousa church. With excellent nearby sports facilities and a variety of recreational activities, the property is also a fantastic base from which to explore other parts of Lesvos, as well as neighbouring destinations in Greece and the nearby coast of Turkey.
Where you’ll be
Petra, Greece
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying Property in Greece
Purchasing property in Greece involves multiple legal steps including obtaining a Greek tax number, engaging professionals, and completing due diligence checks. Buyers should expect to budget for various fees, approximately 6-10% on top of the purchase price.
Property purchase processes in Greece can vary across regions, especially regarding restrictions for non-EU buyers in border areas.
It is crucial to work closely with a qualified local lawyer to ensure compliance with the latest legal requirements and tax implications.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser.
