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Village House
Viñuela, Málaga, Spain
REF: 748920
€158,500
Description
Village House. 6 Bedrooms, 2 Bathrooms. Patio and Terrace. Mountain and Countryside Views. Essential Properties are pleased to present this large village house situated in a great location requiring some renovation and redistribution. The property is currently arranged as 2 separate houses and would be an ideal investment opportunity for property developers / house flippers. House 1 Access to the ground floor accommodation is via a 25m2 front patio and comprises of a 20m2 lounge / dining room, a family bathroom and a 26m2 rear storage area with a large fireplace and a Juliet balcony. The first floor consists of two good-sized double bedrooms and a 12m2 terrace boasting views over the surrounding mountains and countryside. The lower ground level features an underbuild measuring approx. 40m2, has independent access and offers the potential to create additional guest accommodation. House 2 The ground floor comprises of a spacious lounge plus separate dining room, a farmhouse-style kitchen, a family bathroom and a ground floor double bedroom. The first floor features a large landing, 3 double bedrooms and a 30m2 partially covered terrace boasting excellent views. Overview The property is in good condition although has been uninhabited for a number of years. Minor renovations to include new bathrooms and kitchens would offer the potential to create two individual 3-bed, 2-bath properties. A perfect investment opportunity. Ideally located in the picturesque hamlet of Los Romaes within walking distance to a shop and bar/restaurant, the larger village of Viñuela is a 15 minute drive; full of shops, bars, restaurants and medical centre. The beach at Torre del Mar is a 30 minute drive and approximately 50 minutes to Malaga airport.
Village House. 6 Bedrooms, 2 Bathrooms. Patio and Terrace. Mountain and Countryside Views. Essential Properties are pleased to present this large village house situated in a great location requiring some renovation and redistribution. The property is currently arranged as 2 separate houses and would be an ideal investment opportunity for property developers / house flippers. House 1 Access to the ground floor accommodation is via a 25m2 front patio and comprises of a 20m2 lounge / dining room, a family bathroom and a 26m2 rear storage area with a large fireplace and a Juliet balcony. The first floor consists of two good-sized double bedrooms and a 12m2 terrace boasting views over the surrounding mountains and countryside. The lower ground level features an underbuild measuring approx. 40m2, has independent access and offers the potential to create additional guest accommodation. House 2 The ground floor comprises of a spacious lounge plus separate dining room, a farmhouse-style kitchen, a family bathroom and a ground floor double bedroom. The first floor features a large landing, 3 double bedrooms and a 30m2 partially covered terrace boasting excellent views. Overview The property is in good condition although has been uninhabited for a number of years. Minor renovations to include new bathrooms and kitchens would offer the potential to create two individual 3-bed, 2-bath properties. A perfect investment opportunity. Ideally located in the picturesque hamlet of Los Romaes within walking distance to a shop and bar/restaurant, the larger village of Viñuela is a 15 minute drive; full of shops, bars, restaurants and medical centre. The beach at Torre del Mar is a 30 minute drive and approximately 50 minutes to Malaga airport.
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Currency Exchange
Viñuela, Málaga, 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 €158,500 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 |
|---|---|---|---|
| €158,500 | £131,853 | £136,408 | £4,555 |
| Property Price € | €158,500 |
| Minimum cost in the last six months | £131,853 |
| Maximum cost in the last six months | £136,408 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,555 |
Viñuela, Málaga, 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 €158,500 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 |
|---|---|---|---|
| €158,500 | £131,853 | £136,408 | £4,555 |
| Property Price € | €158,500 |
| Minimum cost in the last six months | £131,853 |
| Maximum cost in the last six months | £136,408 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,555 |
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 £4,555 more.
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