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House
San Miguel de Abona, Tenerife, Spain
REF: 749262
€370,000
Description
Located in the charming village of San Miguel, this typical village property boasts many traditional features and is beautifully presented, being renovated and well maintained, and also benefits from village, mountain and coastal views. Currently consisting of two separate dwellings, the owners live in one and the other is a very successful holiday rental with good occupancy and regular clients. The first house offers 2 bedrooms, 1 bathroom, two lounges, two dining rooms and a lovely roof terrace. The second rental property, has completely independent access, 2 bedrooms, 1 bathroom, kitchen, lounge diner and a very nice garden with seating areas, bbq and dining area, sunbeds and jacuzzi. Offering 14 rooms in total and within walking distance of village amenities, this fantastic property should be viewed as soon as possible.
Located in the charming village of San Miguel, this typical village property boasts many traditional features and is beautifully presented, being renovated and well maintained, and also benefits from village, mountain and coastal views. Currently consisting of two separate dwellings, the owners live in one and the other is a very successful holiday rental with good occupancy and regular clients. The first house offers 2 bedrooms, 1 bathroom, two lounges, two dining rooms and a lovely roof terrace. The second rental property, has completely independent access, 2 bedrooms, 1 bathroom, kitchen, lounge diner and a very nice garden with seating areas, bbq and dining area, sunbeds and jacuzzi. Offering 14 rooms in total and within walking distance of village amenities, this fantastic property should be viewed as soon as possible.
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Currency Exchange
San Miguel de Abona, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £306,475 | £317,997 | £11,522 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £306,475 |
| Maximum cost in the last six months | £317,997 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,522 |
San Miguel de Abona, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £306,475 | £317,997 | £11,522 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £306,475 |
| Maximum cost in the last six months | £317,997 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,522 |
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 £11,522 more.
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