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Traditional Molino, Flour Mill, that has been converted into this two storey property which is separated in two parts, the ground floor has been partially reformed with a good size lounge diner with a huge original open fireplace that will heat the whole property, 3 good size bedrooms and a full fam
Villanueva de Algaidas, Málaga, Spain
REF: 396795
€79,000
Description
Traditional Molino, Flour Mill, that has been converted into this two storey property which is separated in two parts, the ground floor has been partially reformed with a good size lounge diner with a huge original open fireplace that will heat the whole property, 3 good size bedrooms and a full family bathroom. The first floor is still home to some of the original machinery that would run the original Molino - mill to make flour for the bread. The property has retained many of its original features including beamed ceilings, thick walls, and many areas upstairs that would be used for storing the flour. This property also has a large garage which would be a great workshop with plenty of space for a least 2-3 cars and a fireplace in the corner. The property has good access and is located in the village of La Atalaya which is only a 5 minute drive to the town of Villanueva de Algaidas in the Malaga province of Andalucia which has a great infrastructure.
Traditional Molino, Flour Mill, that has been converted into this two storey property which is separated in two parts, the ground floor has been partially reformed with a good size lounge diner with a huge original open fireplace that will heat the whole property, 3 good size bedrooms and a full family bathroom. The first floor is still home to some of the original machinery that would run the original Molino - mill to make flour for the bread. The property has retained many of its original features including beamed ceilings, thick walls, and many areas upstairs that would be used for storing the flour. This property also has a large garage which would be a great workshop with plenty of space for a least 2-3 cars and a fireplace in the corner. The property has good access and is located in the village of La Atalaya which is only a 5 minute drive to the town of Villanueva de Algaidas in the Malaga province of Andalucia which has a great infrastructure.
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Currency Exchange
Villanueva de Algaidas, Málaga, 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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,436 | £67,897 | £2,460 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,436 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,460 |
Villanueva de Algaidas, Málaga, 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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,436 | £67,897 | £2,460 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,436 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,460 |
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 £2,460 more.
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