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Villa - Detached
New Golden Mile, Málaga, Spain
REF: 149186
€1,200,000
Description
Situated just 120m from the sandy beach of Costalita lies this stunning south west facing contemporary villa. Built on three floors, the villa is well distributed. On the ground floor you have a spacious living and dining area with a fully fitted open plan kitchen. Large patio doors and windows allow light to stream in which gives you the sense of bringing the outside in and vice versa. This level also has a bedroom and bathroom. The upper level has two bedroom suites with terraces, including the master from which you have sea views. The basement level has large garage for two cars plus a guest toilet and a room that could be used as a home cinema, gym etc. The villa is being sold in its current condition so will require a buyer to complete it, it is estimated to require approximately 350,000 to complete to a high standard. Situated just 600m from the village of Cancelada and all its amenities, and just a short stroll to the five star Villa Padierna Beach Club as well as many other bars and restaurants. Estepona is just a 12 min drive with Puerto Banus a mere 9 mins away.
Situated just 120m from the sandy beach of Costalita lies this stunning south west facing contemporary villa. Built on three floors, the villa is well distributed. On the ground floor you have a spacious living and dining area with a fully fitted open plan kitchen. Large patio doors and windows allow light to stream in which gives you the sense of bringing the outside in and vice versa. This level also has a bedroom and bathroom. The upper level has two bedroom suites with terraces, including the master from which you have sea views. The basement level has large garage for two cars plus a guest toilet and a room that could be used as a home cinema, gym etc. The villa is being sold in its current condition so will require a buyer to complete it, it is estimated to require approximately 350,000 to complete to a high standard. Situated just 600m from the village of Cancelada and all its amenities, and just a short stroll to the five star Villa Padierna Beach Club as well as many other bars and restaurants. Estepona is just a 12 min drive with Puerto Banus a mere 9 mins away.
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Currency Exchange
New Golden Mile, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
New Golden Mile, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £37,368 more.
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