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Detached Country Villa with a substantial yearly income
Salobreña, Granada, Spain
REF: 727472
€950,000
Description
Detached Country Villa with a substantial yearly income. 3 Bedrooms, 2 Bathrooms. Terrace and Garden. Views over the sea, coastline and Salobreña. Essential Properties are delighted to offer this spacious detached villa located only a few minutes' drive from the Coastal town of Salobreña, enjoying excellent castle and sea views. Main House. Built over two levels. The upper level (106m2) enters into an open plan lounge/dining room which was previously a third bedroom and measures approx. 60m2. This light and spacious area enjoys views over the coastline and the beautiful white village and castle of Salobreña. This level also features two double bedrooms, a family bathroom, a kitchen with separate pantry which leads out to a 20m2 terrace. The lower level (106m2) has a garage, plus a covered driveway/carport, a large open plan underbuild with an American kitchen, large lounge and bathroom. This offers tremendous potential to create an independent apartment. To the side of the house is a utility room with 2 small storerooms. To the front of the property is a fully tiled terrace (150m2) featuring a 10m x 5m swimming pool and attractive glass balustrades. This area also boasts shaded lounge/ relaxation areas and a covered BBQ /dining area. The fully fenced plot measuring 13.549m2, is set over two flat levels. The lower-level measures approx. 5500m2 and enjoys a 25m2 storeroom. The upper level is approx. 8000m2 and offers a large 50m2 storeroom/workshop and a large water deposit. Both areas are well maintained and fully irrigated and boasts numerous tropical fruit trees in production: chirimoya, mangos, avocados,etc, creating an income of approximately 45.000-50.000 per annum. The property benefits from mains water, community water and two legal wells. The average annual cost for water is only 500 A viewing is highly recommended to appreciate the location and income potential within this excellent country property. Salobreña is a pretty white washed coastal town located on the Costa Tropical, offering numerous shops, bars and restaurants. Salobreña oozes charm and character and boasts a 10th century Moorish castle plus a golf course. The wide open beaches enjoy numerous beach bars and chiringuitos. Granada city centre and airport are a 50 minute drive and Malaga airport and the ski slopes of Sierra Nevada are approx 1 hour 15 minutes.
Detached Country Villa with a substantial yearly income. 3 Bedrooms, 2 Bathrooms. Terrace and Garden. Views over the sea, coastline and Salobreña. Essential Properties are delighted to offer this spacious detached villa located only a few minutes' drive from the Coastal town of Salobreña, enjoying excellent castle and sea views. Main House. Built over two levels. The upper level (106m2) enters into an open plan lounge/dining room which was previously a third bedroom and measures approx. 60m2. This light and spacious area enjoys views over the coastline and the beautiful white village and castle of Salobreña. This level also features two double bedrooms, a family bathroom, a kitchen with separate pantry which leads out to a 20m2 terrace. The lower level (106m2) has a garage, plus a covered driveway/carport, a large open plan underbuild with an American kitchen, large lounge and bathroom. This offers tremendous potential to create an independent apartment. To the side of the house is a utility room with 2 small storerooms. To the front of the property is a fully tiled terrace (150m2) featuring a 10m x 5m swimming pool and attractive glass balustrades. This area also boasts shaded lounge/ relaxation areas and a covered BBQ /dining area. The fully fenced plot measuring 13.549m2, is set over two flat levels. The lower-level measures approx. 5500m2 and enjoys a 25m2 storeroom. The upper level is approx. 8000m2 and offers a large 50m2 storeroom/workshop and a large water deposit. Both areas are well maintained and fully irrigated and boasts numerous tropical fruit trees in production: chirimoya, mangos, avocados,etc, creating an income of approximately 45.000-50.000 per annum. The property benefits from mains water, community water and two legal wells. The average annual cost for water is only 500 A viewing is highly recommended to appreciate the location and income potential within this excellent country property. Salobreña is a pretty white washed coastal town located on the Costa Tropical, offering numerous shops, bars and restaurants. Salobreña oozes charm and character and boasts a 10th century Moorish castle plus a golf course. The wide open beaches enjoy numerous beach bars and chiringuitos. Granada city centre and airport are a 50 minute drive and Malaga airport and the ski slopes of Sierra Nevada are approx 1 hour 15 minutes.
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Currency Exchange
Salobreña, Granada, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
Salobreña, Granada, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
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 £29,583 more.
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