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Villa - Finca
Selwo, Málaga, Spain
REF: 516419
€889,000
Description
This property is an investment opportunity with fantastic potential as a renovation project, as a home or a Boutique Hotel. Exactly 1km to the A7 in a highly desirable area. South facing unspoilt views to the sea. The entrance facing Selwo Adventure Park. The main house is set over two floors, with several levals. A wide hall leads down to two large living areas with two of the many terraces. The kitchen has its own entrance, and a laundry room. Off the entance hall on the other side of the house is the first bedroom,ensuite bathroom, with an extraordinary amount of fitted wardrobes, as there are in all of the bedrooms. This bedroom has its own terrace with views. Off the entance hall is a tower feature with a look out, this space could be used as another bedroom as there's a bathroom at the foot of its stairwell. The roof terrace above the center of the buiding boasts spectacular views, missing its staircase! From the center of the house is a wide staircase leading down to a hall, of which is the second bedroom, ensuite bathroom, and has its own terrace. The main bedroom is off the same hallway, it has a walk in wardrobe, ensuite bathroom with open views to the sea and access to the pool via a bridge. The fourth bedroom,with ensuite bathroom is down a long wide hallway next to a large leisure room with windows faceing west. Underneath the house with its own entrance is a three bedroom, two bathroom apartment. There's a built in storage unit of 150m2 under pool terrace. Driveway leading to parking for several cars. Recently completed Commercial Center, international school and several Restaurants nearby. The property is in need of total renovation.
This property is an investment opportunity with fantastic potential as a renovation project, as a home or a Boutique Hotel. Exactly 1km to the A7 in a highly desirable area. South facing unspoilt views to the sea. The entrance facing Selwo Adventure Park. The main house is set over two floors, with several levals. A wide hall leads down to two large living areas with two of the many terraces. The kitchen has its own entrance, and a laundry room. Off the entance hall on the other side of the house is the first bedroom,ensuite bathroom, with an extraordinary amount of fitted wardrobes, as there are in all of the bedrooms. This bedroom has its own terrace with views. Off the entance hall is a tower feature with a look out, this space could be used as another bedroom as there's a bathroom at the foot of its stairwell. The roof terrace above the center of the buiding boasts spectacular views, missing its staircase! From the center of the house is a wide staircase leading down to a hall, of which is the second bedroom, ensuite bathroom, and has its own terrace. The main bedroom is off the same hallway, it has a walk in wardrobe, ensuite bathroom with open views to the sea and access to the pool via a bridge. The fourth bedroom,with ensuite bathroom is down a long wide hallway next to a large leisure room with windows faceing west. Underneath the house with its own entrance is a three bedroom, two bathroom apartment. There's a built in storage unit of 150m2 under pool terrace. Driveway leading to parking for several cars. Recently completed Commercial Center, international school and several Restaurants nearby. The property is in need of total renovation.
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Currency Exchange
Selwo, 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 €889,000 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 |
|---|---|---|---|
| €889,000 | £736,368 | £764,051 | £27,683 |
| Property Price € | €889,000 |
| Minimum cost in the last six months | £736,368 |
| Maximum cost in the last six months | £764,051 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,683 |
Selwo, 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 €889,000 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 |
|---|---|---|---|
| €889,000 | £736,368 | £764,051 | £27,683 |
| Property Price € | €889,000 |
| Minimum cost in the last six months | £736,368 |
| Maximum cost in the last six months | £764,051 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,683 |
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 £27,683 more.
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