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Wonderful opportunity to buy a stunning traditional Spanish finca, set on the shores of the beautiful Torremendo Lake
Torremendo, Alicante, Spain, 03313
REF: 170622
€850,000
Description
Wonderful opportunity to buy a stunning traditional Spanish finca, set on the shores of the beautiful Torremendo Lake. This large property has been carefully renovated by the current owners and comprises an entrance hall, spacious lounge, bedroom, modern fully fitted kitchen / diner, bathroom and extensive covered terrace on the ground floor. Upstairs there is a library / office area, master bedroom with spacious en-suite bathroom and walk in wardrobe, third bedroom, third bathroom, and a large wrap around terrace overlooking the landscaped garden, swimming pool and the famous "Blue Lake". The property is set within 4,000m2 grounds, with a number of outbuildings, including a stable block. There is a fabulous outside kitchen with a wood oven and BBQ and also a beautiful 11 x 6m swimming pool. The garden is planted with orange and olive trees and gives direct access to the protected lakeside area, with many walking and cycling trails. The views are impressive, and sunsets over the lake are truly stunning. The finca is located just a few kilometers from the village of Torremendo, which has a good range of amenities. It has a small market on Monday mornings, GP surgery, community centre, butcher, bakery, small supermarket, ironmonger, and six bars and restaurants. The village enjoys two major fiestas per year, which are celebrated in May and September. The closest town is San Miguel de Salinas, which is just 7 kilometres away, and there you will find a large supermarket and all services, including an excellent market on Wednesdays. The award winning white sandy beaches of Orihuela Costa are just 20 minutes' drive away, and here you will also find an excellent range of amenities, including the large Zenia Boulevard shopping center. The area is served by two international airports, in Alicante and the new Murcia airport at Corvera. Both are under an hour's drive from the finca. This amazing property would make an ideal family home and viewing is highly recommended to appreciate this unique property in a peaceful and tranquil setting.
Wonderful opportunity to buy a stunning traditional Spanish finca, set on the shores of the beautiful Torremendo Lake. This large property has been carefully renovated by the current owners and comprises an entrance hall, spacious lounge, bedroom, modern fully fitted kitchen / diner, bathroom and extensive covered terrace on the ground floor. Upstairs there is a library / office area, master bedroom with spacious en-suite bathroom and walk in wardrobe, third bedroom, third bathroom, and a large wrap around terrace overlooking the landscaped garden, swimming pool and the famous "Blue Lake". The property is set within 4,000m2 grounds, with a number of outbuildings, including a stable block. There is a fabulous outside kitchen with a wood oven and BBQ and also a beautiful 11 x 6m swimming pool. The garden is planted with orange and olive trees and gives direct access to the protected lakeside area, with many walking and cycling trails. The views are impressive, and sunsets over the lake are truly stunning. The finca is located just a few kilometers from the village of Torremendo, which has a good range of amenities. It has a small market on Monday mornings, GP surgery, community centre, butcher, bakery, small supermarket, ironmonger, and six bars and restaurants. The village enjoys two major fiestas per year, which are celebrated in May and September. The closest town is San Miguel de Salinas, which is just 7 kilometres away, and there you will find a large supermarket and all services, including an excellent market on Wednesdays. The award winning white sandy beaches of Orihuela Costa are just 20 minutes' drive away, and here you will also find an excellent range of amenities, including the large Zenia Boulevard shopping center. The area is served by two international airports, in Alicante and the new Murcia airport at Corvera. Both are under an hour's drive from the finca. This amazing property would make an ideal family home and viewing is highly recommended to appreciate this unique property in a peaceful and tranquil setting.
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Currency Exchange
Torremendo, Alicante, Spain, 03313
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Torremendo, Alicante, Spain, 03313
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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