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This is a well sized country house sat on a huge plot of land with two extra storage rooms which could be converted into separate guest houses
Somontin, Almeria, Spain
REF: 339073
€225,000
Description
This is a well sized country house sat on a huge plot of land with two extra storage rooms which could be converted into separate guest houses. The main house has a the living / dining room and kitchen all in an open plan room with doors leading to the rest of the rooms. There are 2 large double bedrooms and a family bathroom. To the front of the house there is a lovely shaded area, ideal for seating to overlook the beautiful views over the surrounding mountain ranges. There is another two storage rooms which on of the is the same size as the house which could be reformed and converted into separate accomodation and the other is the largest one. The plot has many diferent trees which are all watered by a huge water deposit with an irrigation system. This property is located on the outskirts of the lovely town of Somontin where there are shops, bakery, butcher, school, doctors office, pharmacy, bars, etc. Purchena and Olula del Rio are at a 10 minute drive.
This is a well sized country house sat on a huge plot of land with two extra storage rooms which could be converted into separate guest houses. The main house has a the living / dining room and kitchen all in an open plan room with doors leading to the rest of the rooms. There are 2 large double bedrooms and a family bathroom. To the front of the house there is a lovely shaded area, ideal for seating to overlook the beautiful views over the surrounding mountain ranges. There is another two storage rooms which on of the is the same size as the house which could be reformed and converted into separate accomodation and the other is the largest one. The plot has many diferent trees which are all watered by a huge water deposit with an irrigation system. This property is located on the outskirts of the lovely town of Somontin where there are shops, bakery, butcher, school, doctors office, pharmacy, bars, etc. Purchena and Olula del Rio are at a 10 minute drive.
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Currency Exchange
Somontin, Almeria, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
Somontin, Almeria, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
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 £7,007 more.
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