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This penthouse unit in need of renovation with 130m2 of internal space is located on the 5th floor of an old town building in the heart of Palma
Palma de Mallorca, Mallorca, Spain
REF: 735955
€945,000
Description
This penthouse unit in need of renovation with 130m2 of internal space is located on the 5th floor of an old town building in the heart of Palma. Apart from 3 bedrooms, 2 bathrooms and a guest toilet, the flat offers a distinct living room area and closed kitchen as well as three separate spacious terrace areas. Following renovation, the property is ideal for an urban lifestyle right in the heart of Palma, surrounded by all kinds of infrastructure. The famous shopping streets Calle Sant Miguel and Calle Olmos are only a stone's throw away. The purchase price of the property also includes a storage room and an underground parking space in the building with lift. DISTRIBUTION: Distinctive living room with fireplace, main terrace 30m2, closed kitchen, terrace2, guest toilet, storage room, bedroom 1 with terrace access, bathroom, bedroom2, bedroom3 en suite with terrace access to terrace 3. Fireplace Built-in cupboards Building with lift Underground parking space 3x outdoor terrace Storage room
This penthouse unit in need of renovation with 130m2 of internal space is located on the 5th floor of an old town building in the heart of Palma. Apart from 3 bedrooms, 2 bathrooms and a guest toilet, the flat offers a distinct living room area and closed kitchen as well as three separate spacious terrace areas. Following renovation, the property is ideal for an urban lifestyle right in the heart of Palma, surrounded by all kinds of infrastructure. The famous shopping streets Calle Sant Miguel and Calle Olmos are only a stone's throw away. The purchase price of the property also includes a storage room and an underground parking space in the building with lift. DISTRIBUTION: Distinctive living room with fireplace, main terrace 30m2, closed kitchen, terrace2, guest toilet, storage room, bedroom 1 with terrace access, bathroom, bedroom2, bedroom3 en suite with terrace access to terrace 3. Fireplace Built-in cupboards Building with lift Underground parking space 3x outdoor terrace Storage room
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Currency Exchange
Palma de Mallorca, 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 €945,000 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 |
|---|---|---|---|
| €945,000 | £786,127 | £813,286 | £27,159 |
| Property Price € | €945,000 |
| Minimum cost in the last six months | £786,127 |
| Maximum cost in the last six months | £813,286 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,159 |
Palma de Mallorca, 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 €945,000 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 |
|---|---|---|---|
| €945,000 | £786,127 | £813,286 | £27,159 |
| Property Price € | €945,000 |
| Minimum cost in the last six months | £786,127 |
| Maximum cost in the last six months | £813,286 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,159 |
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 £27,159 more.
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