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This spacious country house is situated in the heart of the pretty village of Torre del Rico, with beautiful views of the surrounding countryside
Torre Del Rico, Murcia, Spain
REF: 207938
€300,000
Description
This spacious country house is situated in the heart of the pretty village of Torre del Rico, with beautiful views of the surrounding countryside.This property presents many interesting opportunities, as there is plenty of space for further refurbishment which could provide more accommodation or business potential. There is also the possibility of buying additional land, 2-3 hectares, which was previously farmed by the present owners, who also hold the rights to irrigate the land. It presently has 5 bedrooms, 1 full bathroom and another washroom with wc/utility room. It has a modern fitted kitchen, which opens out into a lounge/dining room with an open fireplace. There is a walk-in pantry and small room for storing firewood, which also houses the central heating boiler. The main entrance opens into a wide hall, which leads into another lounge/dining room with traditional fitted wooden wall cupboards and another open fireplace. Tall traditional doors lead off the hall into the bedrooms, which feature antique tiled floors. Outside, to the rear of the property, there is a large patio planted with palms and olive trees, here there is also an outdoor kitchen and barbecue area.There is also a separate building, currently used for storage, which is in need of refurbishment. To the front of the property is a fenced area of land and joining the house is a large garage and further storeroom and an even larger bodega, which used to be used for wine and olive oil production. Upstairs is accessed via external metal stairs and presents further potential, as there are several large rooms, which could easily be converted into bedrooms. This is a substantial property, with residential and business potential. There is an option to buy an extra 5 hectares of land at an additional price.
This spacious country house is situated in the heart of the pretty village of Torre del Rico, with beautiful views of the surrounding countryside.This property presents many interesting opportunities, as there is plenty of space for further refurbishment which could provide more accommodation or business potential. There is also the possibility of buying additional land, 2-3 hectares, which was previously farmed by the present owners, who also hold the rights to irrigate the land. It presently has 5 bedrooms, 1 full bathroom and another washroom with wc/utility room. It has a modern fitted kitchen, which opens out into a lounge/dining room with an open fireplace. There is a walk-in pantry and small room for storing firewood, which also houses the central heating boiler. The main entrance opens into a wide hall, which leads into another lounge/dining room with traditional fitted wooden wall cupboards and another open fireplace. Tall traditional doors lead off the hall into the bedrooms, which feature antique tiled floors. Outside, to the rear of the property, there is a large patio planted with palms and olive trees, here there is also an outdoor kitchen and barbecue area.There is also a separate building, currently used for storage, which is in need of refurbishment. To the front of the property is a fenced area of land and joining the house is a large garage and further storeroom and an even larger bodega, which used to be used for wine and olive oil production. Upstairs is accessed via external metal stairs and presents further potential, as there are several large rooms, which could easily be converted into bedrooms. This is a substantial property, with residential and business potential. There is an option to buy an extra 5 hectares of land at an additional price.
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Currency Exchange
Torre Del Rico, Murcia, 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 €300,000 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 |
|---|---|---|---|
| €300,000 | £248,493 | £257,835 | £9,342 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £248,493 |
| Maximum cost in the last six months | £257,835 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,342 |
Torre Del Rico, Murcia, 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 €300,000 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 |
|---|---|---|---|
| €300,000 | £248,493 | £257,835 | £9,342 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £248,493 |
| Maximum cost in the last six months | £257,835 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,342 |
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 £9,342 more.
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