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This is one of those rare investment opportunities that could be used for off grid living although electricity is still connected and it has a spring water supply that needs be reconnected
Martos, Jaen, Spain
REF: 397153
€65,000
Description
This is one of those rare investment opportunities that could be used for off grid living although electricity is still connected and it has a spring water supply that needs be reconnected. Access to the semi-detached cortijo is via a well maintained tarmac lane which is connected to a rougher track for a short distance to reach the road to Fuensanta de Martos. Enter through the large double wooden south facing front door into a corridor with a room on the left and the kitchen on the right. Further on there is another room on the left and another on the right and also straight ahead there is a cupboard that goes under the stairs. From the kitchen you can go into the garage which has a stable at the back. Further on there is another door to the outside which was a pigsty. Back in the house the wide easy going staircase takes you up to the first floor where there are three more rooms, one of which is very large. There is no bathroom at the moment but plenty of scope for several. The house is about 60m2 plot size not including the pigsty. Behind the house there are 25 mature olive trees. Below the house at a distance of about 100m there is a piece of flat land (5000m2 approx) for growing veggies which can be watered from an irrigation channel which has a very low yearly maintenance fee.
This is one of those rare investment opportunities that could be used for off grid living although electricity is still connected and it has a spring water supply that needs be reconnected. Access to the semi-detached cortijo is via a well maintained tarmac lane which is connected to a rougher track for a short distance to reach the road to Fuensanta de Martos. Enter through the large double wooden south facing front door into a corridor with a room on the left and the kitchen on the right. Further on there is another room on the left and another on the right and also straight ahead there is a cupboard that goes under the stairs. From the kitchen you can go into the garage which has a stable at the back. Further on there is another door to the outside which was a pigsty. Back in the house the wide easy going staircase takes you up to the first floor where there are three more rooms, one of which is very large. There is no bathroom at the moment but plenty of scope for several. The house is about 60m2 plot size not including the pigsty. Behind the house there are 25 mature olive trees. Below the house at a distance of about 100m there is a piece of flat land (5000m2 approx) for growing veggies which can be watered from an irrigation channel which has a very low yearly maintenance fee.
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Currency Exchange
Martos, Jaen, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £54,072 | £55,940 | £1,868 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £54,072 |
| Maximum cost in the last six months | £55,940 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,868 |
Martos, Jaen, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £54,072 | £55,940 | £1,868 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £54,072 |
| Maximum cost in the last six months | £55,940 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,868 |
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 £1,868 more.
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