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A traditional country house with tourist licence in Es Castell, Menorca
Toraixer, Spain
REF: 591659
€995,000
Description
A traditional country home situated between San Luis and Es Castell in the hamlet of Toraixa. The property dates back to the 1800's and has been sympathetically restored maintaining many of the original features. The main house has two floors, the ground floor has an entrance hall , spacious lounge and dining area with an open fireplace, kitchen, ample twin bedroom and bathroom. The 1st floor has 2 further bedrooms, bathroom and balcony with views over the local countryside. There is an annex linked by a laundry room which has two further bedrooms, bathroom and open plan living area with a kitchen. Externally the enchanting garden has several open terraces and shaded areas for relaxing and dining, swimming pool and two separate fields a short distance away. There is air conditioning in 3 of the bedrooms, and a current Tourist licence with the potential of generating a good return on your investment. #ref:H2898
A traditional country home situated between San Luis and Es Castell in the hamlet of Toraixa. The property dates back to the 1800's and has been sympathetically restored maintaining many of the original features. The main house has two floors, the ground floor has an entrance hall , spacious lounge and dining area with an open fireplace, kitchen, ample twin bedroom and bathroom. The 1st floor has 2 further bedrooms, bathroom and balcony with views over the local countryside. There is an annex linked by a laundry room which has two further bedrooms, bathroom and open plan living area with a kitchen. Externally the enchanting garden has several open terraces and shaded areas for relaxing and dining, swimming pool and two separate fields a short distance away. There is air conditioning in 3 of the bedrooms, and a current Tourist licence with the potential of generating a good return on your investment. #ref:H2898
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Currency Exchange
Toraixer, 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 €995,000 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 |
|---|---|---|---|
| €995,000 | £819,781 | £855,153 | £35,372 |
| Property Price € | €995,000 |
| Minimum cost in the last six months | £819,781 |
| Maximum cost in the last six months | £855,153 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,372 |
Toraixer, 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 €995,000 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 |
|---|---|---|---|
| €995,000 | £819,781 | £855,153 | £35,372 |
| Property Price € | €995,000 |
| Minimum cost in the last six months | £819,781 |
| Maximum cost in the last six months | £855,153 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,372 |
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 £35,372 more.
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