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Renovation Project
Padul, Granada, Spain
REF: 413715
€105,000
Description
Renovation Project. Village House. 4 Bedrooms, 2 Bathrooms. Roof Terrace and Courtyard. Essential Properties are pleased to present a large village house requiring complete renovation. This is an ideal property for property developers, investors or those looking to create a perfect home for extended family or a home and income The accommodation is distributed over various levels and in parts require the installation of floors/ceilings. The ground floor offers 2 large rooms as well as 2 smaller rooms and a bathroom/laundry room with the potential to create a bar/restaurant or shop. Stairs lead up to owner accommodation featuring a large lounge/dining room, a kitchen requiring updating, 2 double bedrooms; one of which is currently used as an office and a family bathroom. At the rear of the ground floor is a spacious room operating as a yoga studio. A door from the studio leads to an additional building requiring compete renovation. This building offers scope to create extra guest accommodation comprising of a lounge, kitchen, bathroom and 2 bedrooms. The property also benefits from a roof terrace and large rear courtyard. Ideally located within walking distance of shops, bars and restaurants, the ski slopes of Sierra Nevada are less than an hours drive and only30 minutes to Granada city centre. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
Renovation Project. Village House. 4 Bedrooms, 2 Bathrooms. Roof Terrace and Courtyard. Essential Properties are pleased to present a large village house requiring complete renovation. This is an ideal property for property developers, investors or those looking to create a perfect home for extended family or a home and income The accommodation is distributed over various levels and in parts require the installation of floors/ceilings. The ground floor offers 2 large rooms as well as 2 smaller rooms and a bathroom/laundry room with the potential to create a bar/restaurant or shop. Stairs lead up to owner accommodation featuring a large lounge/dining room, a kitchen requiring updating, 2 double bedrooms; one of which is currently used as an office and a family bathroom. At the rear of the ground floor is a spacious room operating as a yoga studio. A door from the studio leads to an additional building requiring compete renovation. This building offers scope to create extra guest accommodation comprising of a lounge, kitchen, bathroom and 2 bedrooms. The property also benefits from a roof terrace and large rear courtyard. Ideally located within walking distance of shops, bars and restaurants, the ski slopes of Sierra Nevada are less than an hours drive and only30 minutes to Granada city centre. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
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Currency Exchange
Padul, Granada, 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 €105,000 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 |
|---|---|---|---|
| €105,000 | £86,973 | £90,242 | £3,270 |
| Property Price € | €105,000 |
| Minimum cost in the last six months | £86,973 |
| Maximum cost in the last six months | £90,242 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,270 |
Padul, Granada, 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 €105,000 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 |
|---|---|---|---|
| €105,000 | £86,973 | £90,242 | £3,270 |
| Property Price € | €105,000 |
| Minimum cost in the last six months | £86,973 |
| Maximum cost in the last six months | £90,242 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,270 |
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 £3,270 more.
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