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House
La Escalona, Tenerife, Spain
REF: 725239
€999,000
Description
Large Finca in La Escalona, Vilaflor. Morfitt Properties are pleased to offer for sale this unique property located in the rural village of La Escalona, Vilaflor. The property, which occupies a plot of 3,300 m , offers two buildings. The main building, with a very rustic feel, currently offers five bedrooms, four with en-suite bathrooms, a large kitchen, a terraced area, and a separate dining area. The second building, which is more modern, features a good-sized "winter garden" at the entrance, a large communal kitchen area, and four double bedrooms, all with en-suite shower rooms and separate access to the terraced area, providing an opportunity for guests and family to stay. The exterior of this property offers a gated entrance to the grounds, ample car parking, numerous sunny terraces with great views, and a garden area. The property is connected to the mains electricity but generates most of its energy from solar panels. It also recycles all wastewater through a natural cleaning system, leaving water for the irrigation of the garden. The property can be purchased with a restaurant and holiday letting license if required.
Large Finca in La Escalona, Vilaflor. Morfitt Properties are pleased to offer for sale this unique property located in the rural village of La Escalona, Vilaflor. The property, which occupies a plot of 3,300 m , offers two buildings. The main building, with a very rustic feel, currently offers five bedrooms, four with en-suite bathrooms, a large kitchen, a terraced area, and a separate dining area. The second building, which is more modern, features a good-sized "winter garden" at the entrance, a large communal kitchen area, and four double bedrooms, all with en-suite shower rooms and separate access to the terraced area, providing an opportunity for guests and family to stay. The exterior of this property offers a gated entrance to the grounds, ample car parking, numerous sunny terraces with great views, and a garden area. The property is connected to the mains electricity but generates most of its energy from solar panels. It also recycles all wastewater through a natural cleaning system, leaving water for the irrigation of the garden. The property can be purchased with a restaurant and holiday letting license if required.
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Currency Exchange
La Escalona, Tenerife, 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 €999,000 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 |
|---|---|---|---|
| €999,000 | £827,482 | £858,591 | £31,109 |
| Property Price € | €999,000 |
| Minimum cost in the last six months | £827,482 |
| Maximum cost in the last six months | £858,591 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,109 |
La Escalona, Tenerife, 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 €999,000 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 |
|---|---|---|---|
| €999,000 | £827,482 | £858,591 | £31,109 |
| Property Price € | €999,000 |
| Minimum cost in the last six months | £827,482 |
| Maximum cost in the last six months | £858,591 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,109 |
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 £31,109 more.
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