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House
El Roque, Tenerife, Spain
REF: 753609
€285,000
Description
Morfitt Properties Tenerife are pleased to offer for sale this cave-house located just outside the small village of El Roque, approx 20 minutes drive from the coast. The property offers a plot of rustic land measuring 3000m2 with a cave-house of approx 140m2; consisting of kitchen, lounge/diner, 2 double bedrooms both with private W.C, and a family bathroom with bath and shower, and a natural light from skylight. From the Cave-house there is access to a patio area and driveway, and a large garage measuring approx 110m2. The top level of the land offers great sea views, enclosed heated swimming pool, and an area with solar panels, which generate most of the power for the property (although still connected to main electricity). The property offers several more terraces all level and a few more small store-rooms. A must see property.
Morfitt Properties Tenerife are pleased to offer for sale this cave-house located just outside the small village of El Roque, approx 20 minutes drive from the coast. The property offers a plot of rustic land measuring 3000m2 with a cave-house of approx 140m2; consisting of kitchen, lounge/diner, 2 double bedrooms both with private W.C, and a family bathroom with bath and shower, and a natural light from skylight. From the Cave-house there is access to a patio area and driveway, and a large garage measuring approx 110m2. The top level of the land offers great sea views, enclosed heated swimming pool, and an area with solar panels, which generate most of the power for the property (although still connected to main electricity). The property offers several more terraces all level and a few more small store-rooms. A must see property.
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Currency Exchange
El Roque, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £239,206 | £245,830 | £6,623 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £239,206 |
| Maximum cost in the last six months | £245,830 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,623 |
El Roque, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £239,206 | £245,830 | £6,623 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £239,206 |
| Maximum cost in the last six months | £245,830 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,623 |
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 £6,623 more.
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