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Townhouse
Colmenar, Málaga, Spain
REF: 685942
€188,700
Description
Townhouse. 8 Bedrooms, 1.5 Bathrooms. Terrace and Patio. Garage. B&B Potential. Essential Properties are pleased to present a spacious townhouse requiring some renovation located within walking distance of all amenities. Large authentic wooden doors open onto the ground floor accommodation comprising of an entrance hall, a kitchen / breakfast room with pantry, an additional kitchen / dining room, a large bathroom with full bath plus 4 double bedrooms. The first floor features 4 rooms requiring renovation; one of which has direct access to a sun terrace and 2 measuring approx. 60m2. The ground floor rear courtyard features a cloakroom with WC and 2 large external storage rooms. Steps lead up to an additional storage area. The property also benefits from a garage / storage room with access to the rear street with steps leading down to outbuildings previously used for animals. An ideal property for property developers or investors with the potential to create a home and income as a Bed & Breakfast. Colmenar has an altitude of 700 metres and a population of 3,600. The foothills of the Sierra de Camaroles lie to the north and Mount Miraflores to the south.It is located at the most westerly point of Axarquia approx 30 minutes drive from Malaga, 10 minutes from Lake Viñuela and 30 minutes drive from the coast atRincon de la Victoria. This vibrant town features narrow winding streets in the upper area and a good selection of bars, shops, restaurants, schools and a 24 hour health centre in the town centre. A excellent location with easy access to Malaga and beaches via public transport.
Townhouse. 8 Bedrooms, 1.5 Bathrooms. Terrace and Patio. Garage. B&B Potential. Essential Properties are pleased to present a spacious townhouse requiring some renovation located within walking distance of all amenities. Large authentic wooden doors open onto the ground floor accommodation comprising of an entrance hall, a kitchen / breakfast room with pantry, an additional kitchen / dining room, a large bathroom with full bath plus 4 double bedrooms. The first floor features 4 rooms requiring renovation; one of which has direct access to a sun terrace and 2 measuring approx. 60m2. The ground floor rear courtyard features a cloakroom with WC and 2 large external storage rooms. Steps lead up to an additional storage area. The property also benefits from a garage / storage room with access to the rear street with steps leading down to outbuildings previously used for animals. An ideal property for property developers or investors with the potential to create a home and income as a Bed & Breakfast. Colmenar has an altitude of 700 metres and a population of 3,600. The foothills of the Sierra de Camaroles lie to the north and Mount Miraflores to the south.It is located at the most westerly point of Axarquia approx 30 minutes drive from Malaga, 10 minutes from Lake Viñuela and 30 minutes drive from the coast atRincon de la Victoria. This vibrant town features narrow winding streets in the upper area and a good selection of bars, shops, restaurants, schools and a 24 hour health centre in the town centre. A excellent location with easy access to Malaga and beaches via public transport.
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Currency Exchange
Colmenar, 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 €188,700 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 |
|---|---|---|---|
| €188,700 | £156,302 | £162,178 | £5,876 |
| Property Price € | €188,700 |
| Minimum cost in the last six months | £156,302 |
| Maximum cost in the last six months | £162,178 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,876 |
Colmenar, 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 €188,700 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 |
|---|---|---|---|
| €188,700 | £156,302 | £162,178 | £5,876 |
| Property Price € | €188,700 |
| Minimum cost in the last six months | £156,302 |
| Maximum cost in the last six months | £162,178 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,876 |
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 £5,876 more.
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