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This exclusive to us 348m2 build, 16 room property is situated in the sunny and beautiful town of Moraleda de Zafallona, in the Granada province of Andalucia, Spain
Moraleda de Zafayona, Granada, Spain
REF: 488834
€175,000
Description
This exclusive to us 348m2 build, 16 room property is situated in the sunny and beautiful town of Moraleda de Zafallona, in the Granada province of Andalucia, Spain. It is formed by three different houses that are completely interconnected. We can enter the property from two different streets, one to the first floor and another to the ground floor. The ground floor is mostly composed of a huge cave with a kitchen, a bathroom and another 8 rooms, the current owners are using this floor for storage. Stairs from the cave storage area lead to 3 double bedrooms and a Juliet balcony. The main first floor has a master double bedroom with a walk in wardrobe and en suite shower room, a fully tiled family bathroom, a lounge with a wood burning fireplace, a separate diner with an open fitted kitchen and two cellars. Stairs take you to the second floor, in which we find a further three double bedrooms and a very large and private sun terrace with those spectacular views and having one of the most beautiful of Granada s Sierra. The ground floor needs to be reformed, but the structure is very solid because it is made with the cave rock and covered with concrete. Next to the rear street entrance for the first floor, you have a private garage. The property is also next to a public balcony where you can relax looking at the Sierra (the same views of the mountains as you have from the whole front of house). It is the perfect property for those who want to invest in a big property or to create their own unique Bed and Breakfast or Hostel for nature loving tourists.
This exclusive to us 348m2 build, 16 room property is situated in the sunny and beautiful town of Moraleda de Zafallona, in the Granada province of Andalucia, Spain. It is formed by three different houses that are completely interconnected. We can enter the property from two different streets, one to the first floor and another to the ground floor. The ground floor is mostly composed of a huge cave with a kitchen, a bathroom and another 8 rooms, the current owners are using this floor for storage. Stairs from the cave storage area lead to 3 double bedrooms and a Juliet balcony. The main first floor has a master double bedroom with a walk in wardrobe and en suite shower room, a fully tiled family bathroom, a lounge with a wood burning fireplace, a separate diner with an open fitted kitchen and two cellars. Stairs take you to the second floor, in which we find a further three double bedrooms and a very large and private sun terrace with those spectacular views and having one of the most beautiful of Granada s Sierra. The ground floor needs to be reformed, but the structure is very solid because it is made with the cave rock and covered with concrete. Next to the rear street entrance for the first floor, you have a private garage. The property is also next to a public balcony where you can relax looking at the Sierra (the same views of the mountains as you have from the whole front of house). It is the perfect property for those who want to invest in a big property or to create their own unique Bed and Breakfast or Hostel for nature loving tourists.
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Currency Exchange
Moraleda de Zafayona, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
Moraleda de Zafayona, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,954 | £150,404 | £5,450 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,954 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,450 |
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 £5,450 more.
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