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This property presents an exciting project to restore a country house and attached bodega to make one large house or 2 separate dwellings
Torre Del Rico, Alicante, Spain
REF: 207874
€59,950
Description
This property presents an exciting project to restore a country house and attached bodega to make one large house or 2 separate dwellings. Each property has its own deeds. The building requires complete refurbishment. There is land to the front of the property and a fenced area behind with a patio area to the rear of each property. The house has mains water and electricity. There currently is a sitting room with a shower room off, a lounge diner with an open fireplace and a kitchen bbq. The old bodega (winery) needs to be remodeled into a living space. The village with a bar restaurant is within walking distance. Pinoso town and all amenities are within a 10 minute drive and Alicante beaches and airport are 50 minutes away.
This property presents an exciting project to restore a country house and attached bodega to make one large house or 2 separate dwellings. Each property has its own deeds. The building requires complete refurbishment. There is land to the front of the property and a fenced area behind with a patio area to the rear of each property. The house has mains water and electricity. There currently is a sitting room with a shower room off, a lounge diner with an open fireplace and a kitchen bbq. The old bodega (winery) needs to be remodeled into a living space. The village with a bar restaurant is within walking distance. Pinoso town and all amenities are within a 10 minute drive and Alicante beaches and airport are 50 minutes away.
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Currency Exchange
Torre Del Rico, 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 €59,950 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 |
|---|---|---|---|
| €59,950 | £49,657 | £51,524 | £1,867 |
| Property Price € | €59,950 |
| Minimum cost in the last six months | £49,657 |
| Maximum cost in the last six months | £51,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,867 |
Torre Del Rico, 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 €59,950 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 |
|---|---|---|---|
| €59,950 | £49,657 | £51,524 | £1,867 |
| Property Price € | €59,950 |
| Minimum cost in the last six months | £49,657 |
| Maximum cost in the last six months | £51,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,867 |
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 £1,867 more.
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