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House
El Madronal, Tenerife, Spain
REF: 741097
€669,000
Description
Morfitt Properties Tenerife are pleased to offer for sale this semi-detached house in the small private complex of Flamboyan located in the exclusive area of El Madronal. This great family home is constructed over 2 levels plus a roof terrace. On the entrance level there is a guest toilet, 4th bedroom (or office), galley style kitchen and a spacious lounge and dining area. The upper level of the property you will find a spacious landing, family bathroom and master bedroom with fitted wardrobes, en-suite (recently refurbished) and private terrace with views to the mountains. There is a second double bedroom with fitted wardrobes and a single room. The exterior of the property offers a roof terrace with storage, and a sunny terrace of the lounge with a sitting area and a garden. The property is in need of updating but would make a great family home as located in the area of El Madronal which offers schools, minimarket, bakery, vets, cafe/bar and has great access to the TF1 motorway. The complex Flamboyan consists of 10 semi-detached houses that share a large communal swimming pool. Property sold as seen and included in the sales price are 2 parking spaces.
Morfitt Properties Tenerife are pleased to offer for sale this semi-detached house in the small private complex of Flamboyan located in the exclusive area of El Madronal. This great family home is constructed over 2 levels plus a roof terrace. On the entrance level there is a guest toilet, 4th bedroom (or office), galley style kitchen and a spacious lounge and dining area. The upper level of the property you will find a spacious landing, family bathroom and master bedroom with fitted wardrobes, en-suite (recently refurbished) and private terrace with views to the mountains. There is a second double bedroom with fitted wardrobes and a single room. The exterior of the property offers a roof terrace with storage, and a sunny terrace of the lounge with a sitting area and a garden. The property is in need of updating but would make a great family home as located in the area of El Madronal which offers schools, minimarket, bakery, vets, cafe/bar and has great access to the TF1 motorway. The complex Flamboyan consists of 10 semi-detached houses that share a large communal swimming pool. Property sold as seen and included in the sales price are 2 parking spaces.
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Currency Exchange
El Madronal, 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 €669,000 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 |
|---|---|---|---|
| €669,000 | £554,139 | £574,972 | £20,833 |
| Property Price € | €669,000 |
| Minimum cost in the last six months | £554,139 |
| Maximum cost in the last six months | £574,972 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,833 |
El Madronal, 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 €669,000 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 |
|---|---|---|---|
| €669,000 | £554,139 | £574,972 | £20,833 |
| Property Price € | €669,000 |
| Minimum cost in the last six months | £554,139 |
| Maximum cost in the last six months | £574,972 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,833 |
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 £20,833 more.
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