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This idyllic townhouse is located in a sought-after location in El Molinar and was built with great attention to detail
Palma, Mallorca, Spain
REF: 681188
€1,990,000
Description
This idyllic townhouse is located in a sought-after location in El Molinar and was built with great attention to detail. The property is located just 150 m from the sought-after Paseo de Portixol as well as the sea and is characterised above all by its Mediterranean character. Spread over two floors, the house offers 5 bedrooms, 2 bathrooms and a guest toilet as well as three terraces from its garden with lemon and orange trees to the living/dining area. Furthermore, the property offers the possibility to make a horizontal division so that two separate living units can be created via individual entrances. DISTRIBUTION: Ground floor: Garden, terrace, entrance area, living room1, kitchen, storage room, 2x double bedrooms, 1x complete bathroom, guest WC. Upper floor: 3x bedrooms, bathroom, terrace, living room2 Mediterranean garden Several terraces Two fireplaces Built-in cupboards Natural stone tiles Orange tree Lemon tree Portitxol/El Molinar has become one of Palma's most sought-after neighbourhoods. You can reach the historic centre of Palma and the capital's international airport in less than 10 minutes.
This idyllic townhouse is located in a sought-after location in El Molinar and was built with great attention to detail. The property is located just 150 m from the sought-after Paseo de Portixol as well as the sea and is characterised above all by its Mediterranean character. Spread over two floors, the house offers 5 bedrooms, 2 bathrooms and a guest toilet as well as three terraces from its garden with lemon and orange trees to the living/dining area. Furthermore, the property offers the possibility to make a horizontal division so that two separate living units can be created via individual entrances. DISTRIBUTION: Ground floor: Garden, terrace, entrance area, living room1, kitchen, storage room, 2x double bedrooms, 1x complete bathroom, guest WC. Upper floor: 3x bedrooms, bathroom, terrace, living room2 Mediterranean garden Several terraces Two fireplaces Built-in cupboards Natural stone tiles Orange tree Lemon tree Portitxol/El Molinar has become one of Palma's most sought-after neighbourhoods. You can reach the historic centre of Palma and the capital's international airport in less than 10 minutes.
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Currency Exchange
Palma, Mallorca, 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 €1,990,000 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 |
|---|---|---|---|
| €1,990,000 | £1,655,441 | £1,712,634 | £57,193 |
| Property Price € | €1,990,000 |
| Minimum cost in the last six months | £1,655,441 |
| Maximum cost in the last six months | £1,712,634 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,193 |
Palma, Mallorca, 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 €1,990,000 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 |
|---|---|---|---|
| €1,990,000 | £1,655,441 | £1,712,634 | £57,193 |
| Property Price € | €1,990,000 |
| Minimum cost in the last six months | £1,655,441 |
| Maximum cost in the last six months | £1,712,634 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,193 |
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 £57,193 more.
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