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Plot in Coves Noves with sea views
Coves Noves, Spain
REF: 735834
€148,000
Description
Summary of urban development information: The Partial Plan of Cuevas Nuevas II, for its adaptation to the PTI, definitively approved by the Island Council of Menorca on 26 September 2005, foresees for the ISOLATED PLANNING ZONE the following building regulations: Isolated Development Zone: Use: Residential and Tourist in single-family isolated typology. Isolated single-family dwelling is understood to be the typology where the plot is intended for the construction of a single dwelling with separation of all the facades from the side boundaries. However, the use of a detached single-family dwelling is considered to include a residential complex which, even on a single plot of sufficient size, provides for the construction of a number of detached single-family dwellings, provided that the total surface area of the plot and the number of dwellings planned comply with the standard density of use of the Zone and that the buildings comply with all the regulations applicable to this Zone. Buildability: Net buildable area on plot of 0.35 m2st/m2. Maximum building height: Ground floor + 1, equivalent to 7 metres. Minimum plot: The minimum plot will be 600 m2, except for plots segregated prior to the approval of the PTI and which do not reach this surface area. Minimum frontage: 15 metres Maximum occupation: PB: 30%; PP: 15%. Separations: On streets: 5 metres; to other thresholds: 3 metres; between buildings: 3 metres. #ref:PAR_120
Summary of urban development information: The Partial Plan of Cuevas Nuevas II, for its adaptation to the PTI, definitively approved by the Island Council of Menorca on 26 September 2005, foresees for the ISOLATED PLANNING ZONE the following building regulations: Isolated Development Zone: Use: Residential and Tourist in single-family isolated typology. Isolated single-family dwelling is understood to be the typology where the plot is intended for the construction of a single dwelling with separation of all the facades from the side boundaries. However, the use of a detached single-family dwelling is considered to include a residential complex which, even on a single plot of sufficient size, provides for the construction of a number of detached single-family dwellings, provided that the total surface area of the plot and the number of dwellings planned comply with the standard density of use of the Zone and that the buildings comply with all the regulations applicable to this Zone. Buildability: Net buildable area on plot of 0.35 m2st/m2. Maximum building height: Ground floor + 1, equivalent to 7 metres. Minimum plot: The minimum plot will be 600 m2, except for plots segregated prior to the approval of the PTI and which do not reach this surface area. Minimum frontage: 15 metres Maximum occupation: PB: 30%; PP: 15%. Separations: On streets: 5 metres; to other thresholds: 3 metres; between buildings: 3 metres. #ref:PAR_120
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Property on Map
Currency Exchange
Coves Noves, 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 €148,000 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 |
|---|---|---|---|
| €148,000 | £123,118 | £127,372 | £4,254 |
| Property Price € | €148,000 |
| Minimum cost in the last six months | £123,118 |
| Maximum cost in the last six months | £127,372 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,254 |
Coves Noves, 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 €148,000 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 |
|---|---|---|---|
| €148,000 | £123,118 | £127,372 | £4,254 |
| Property Price € | €148,000 |
| Minimum cost in the last six months | £123,118 |
| Maximum cost in the last six months | £127,372 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,254 |
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 £4,254 more.
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