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This huge country house is over 200 years old and needs a full reform but could be restored to it's former glory
Chinorlet, Alicante, Spain
REF: 207823
€63,000
Description
This huge country house is over 200 years old and needs a full reform but could be restored to it's former glory. Some work has been carried out on the property including a new roof. Some of the interior walls have been removed ready to create an open plan lounge dining area. It is located within walking distance of a popular village with 2 bar restaurants, medical centre and shop. The views to the front aspect are across open countryside and to the rear is a very large courtyard which would provide a fantastic courtyard garden. At the rear of the courtyard is another property which in bad condition, which also requires either renovation or could be demolished to provide more garden area.
This huge country house is over 200 years old and needs a full reform but could be restored to it's former glory. Some work has been carried out on the property including a new roof. Some of the interior walls have been removed ready to create an open plan lounge dining area. It is located within walking distance of a popular village with 2 bar restaurants, medical centre and shop. The views to the front aspect are across open countryside and to the rear is a very large courtyard which would provide a fantastic courtyard garden. At the rear of the courtyard is another property which in bad condition, which also requires either renovation or could be demolished to provide more garden area.
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Currency Exchange
Chinorlet, Alicante, 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 €63,000 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 |
|---|---|---|---|
| €63,000 | £52,184 | £54,145 | £1,962 |
| Property Price € | €63,000 |
| Minimum cost in the last six months | £52,184 |
| Maximum cost in the last six months | £54,145 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,962 |
Chinorlet, Alicante, 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 €63,000 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 |
|---|---|---|---|
| €63,000 | £52,184 | £54,145 | £1,962 |
| Property Price € | €63,000 |
| Minimum cost in the last six months | £52,184 |
| Maximum cost in the last six months | £54,145 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,962 |
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 £1,962 more.
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