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Lucas Fox offers you this wonderful property in a classic building, with impressive unobstructed views of the Retiro Park
Madrid, Madrid, Spain, 28009
REF: 588622
€5,500,000
Description
Lucas Fox offers you this wonderful property in a classic building, with impressive unobstructed views of the Retiro Park. The property, that has just been completely renovated with the best materials and excellent finishes, is made up of a large living room with three openings to the street: two balconies and a glazed bay area. The kitchen is separated from the living room, with all high-end appliances and seamlessly fitted into the kitchen furniture. In the night area we find 3 bedrooms, with their en-suite bathrooms, a guest toilet, and a small laundry room. The property has double access, the main one and the service staff one, through which you can access the top floor where we have a large storage room. The property has central gas heating and the cooling system is through ducts on the roof. The building has a concierge service and a lift. With an excellent location as it is in the middle of Recoletos, right in front of the Retiro Park, this luxurious apartment has all the services around it, shops, restaurants, supermarkets and is in a very well-connected area. Do not hesitate to contact us for more information and to arrange a viewing.
Lucas Fox offers you this wonderful property in a classic building, with impressive unobstructed views of the Retiro Park. The property, that has just been completely renovated with the best materials and excellent finishes, is made up of a large living room with three openings to the street: two balconies and a glazed bay area. The kitchen is separated from the living room, with all high-end appliances and seamlessly fitted into the kitchen furniture. In the night area we find 3 bedrooms, with their en-suite bathrooms, a guest toilet, and a small laundry room. The property has double access, the main one and the service staff one, through which you can access the top floor where we have a large storage room. The property has central gas heating and the cooling system is through ducts on the roof. The building has a concierge service and a lift. With an excellent location as it is in the middle of Recoletos, right in front of the Retiro Park, this luxurious apartment has all the services around it, shops, restaurants, supermarkets and is in a very well-connected area. Do not hesitate to contact us for more information and to arrange a viewing.
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Currency Exchange
Madrid, Madrid, Spain, 28009
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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
Madrid, Madrid, Spain, 28009
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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
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 £171,270 more.
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