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This project property is located walking distance from Monovar, a prosperous town with a population of around 13,000 people
Monóvar, Alicante, Spain
REF: 337591
€370,000
Description
This project property is located walking distance from Monovar, a prosperous town with a population of around 13,000 people. Here you will find all of your amenities, including shops, bars, restaurants, supermarkets, a medical center and schools. The house is in need of a lot of work, the building was built in 1920 and hasn't been lived in for a long time. There are a total of 5 bedrooms, 2 downstairs and 3 on the second floor, 1 bathroom and shower room, a large living room with a fireplace and an attic. Detatched from the house is a large outbuilding used as a garage but could be turned into a guest house. The real value in this property is the land, the total plot area is 32,632 m2 walking distance from town which is hard to find. It has its own water supply from an underground water system which is drinkable and can also be used for irrigation or filling up a pool. The land is planted with almond and olive trees and the driveway up to the house is flanked by pine trees. In the Monovar region you need 10,000m2 to build a house, therfore you have the possibility to segregate the land and build 3 properties.
This project property is located walking distance from Monovar, a prosperous town with a population of around 13,000 people. Here you will find all of your amenities, including shops, bars, restaurants, supermarkets, a medical center and schools. The house is in need of a lot of work, the building was built in 1920 and hasn't been lived in for a long time. There are a total of 5 bedrooms, 2 downstairs and 3 on the second floor, 1 bathroom and shower room, a large living room with a fireplace and an attic. Detatched from the house is a large outbuilding used as a garage but could be turned into a guest house. The real value in this property is the land, the total plot area is 32,632 m2 walking distance from town which is hard to find. It has its own water supply from an underground water system which is drinkable and can also be used for irrigation or filling up a pool. The land is planted with almond and olive trees and the driveway up to the house is flanked by pine trees. In the Monovar region you need 10,000m2 to build a house, therfore you have the possibility to segregate the land and build 3 properties.
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Currency Exchange
Monóvar, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £306,475 | £317,997 | £11,522 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £306,475 |
| Maximum cost in the last six months | £317,997 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,522 |
Monóvar, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £306,475 | £317,997 | £11,522 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £306,475 |
| Maximum cost in the last six months | £317,997 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,522 |
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 £11,522 more.
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