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This rustic old farm house is situated within a 5 minute drive to the well serviced town of Pinoso
Pinoso, Murcia, Spain
REF: 260265
€125,000
Description
This rustic old farm house is situated within a 5 minute drive to the well serviced town of Pinoso. The house is in need of a full renovation, however there is mains water and electric connected so you can live in the property whilst you get on with the work. On entering the property there is a large hallway with 2 ground floor bedrooms, a lovely large dining room, through to the living room and small kitchen with the original bread oven. There is a downstairs bathroom, utility room and storage space. Upstairs is all open plan and plenty of room to add an extra bathroom and a possible further 2/3 bedrooms. The house is very traditional and is full of the old style floors, exposed beams and fireplaces. Included with this house is a huge old wine bodega what could be turned into extra accommodation or workshop, there is a plot of land at the front of the property and 2 small patios at the rear.
This rustic old farm house is situated within a 5 minute drive to the well serviced town of Pinoso. The house is in need of a full renovation, however there is mains water and electric connected so you can live in the property whilst you get on with the work. On entering the property there is a large hallway with 2 ground floor bedrooms, a lovely large dining room, through to the living room and small kitchen with the original bread oven. There is a downstairs bathroom, utility room and storage space. Upstairs is all open plan and plenty of room to add an extra bathroom and a possible further 2/3 bedrooms. The house is very traditional and is full of the old style floors, exposed beams and fireplaces. Included with this house is a huge old wine bodega what could be turned into extra accommodation or workshop, there is a plot of land at the front of the property and 2 small patios at the rear.
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Currency Exchange
Pinoso, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £102,988 | £107,431 | £4,444 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £102,988 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,444 |
Pinoso, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £102,988 | £107,431 | £4,444 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £102,988 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,444 |
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 £4,444 more.
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