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Embark on a renovation adventure with this promising 5-bed, 2-bath townhouse in the charming town of Algue a
Alguena, Alicante, Spain
REF: 755596
€89,950
Description
Embark on a renovation adventure with this promising 5-bed, 2-bath townhouse in the charming town of Algue a. Although time-worn and in need of restoration, this traditional Spanish home is bursting with potential and awaits a transformation that will breathe new life into its classic features. Key Features: Generous Layout: Spanning two floors, the main house presents 5 bedrooms, 1 bathroom, 2 welcoming living rooms adorned with fireplaces, and a functional kitchen. The underbuild, partially hewn into the rock, is accessible from both the main house and the exterior street. Within this intriguing space, discover a garage, several rooms carved into the cave, and an additional bathroom. Dual Street Access: Offering the convenience of entry from two streets, this townhouse provides flexibility and ease of access. The underbuild, with its separate entrance, adds an interesting layer to the property's potential uses. Expansive Urban Land: Enhancing the allure of this property is a plot of urban land, situated just across the street from the main house. Covering an area of 221 m2, this plot invites creative possibilities. Potential and Possibilities: Renovation Canvas: With a vision and some TLC, this townhouse can be transformed into a character-filled residence that pays homage to its Spanish heritage while incorporating modern comforts. Additional Dwelling or Garden Oasis: The included plot of urban land opens avenues for expansion. Consider constructing a new house or cultivating a serene garden space, possibly adorned with a refreshing pool, to complement the main residence. With some TLC breathe life back into a traditional Spanish townhouse.
Embark on a renovation adventure with this promising 5-bed, 2-bath townhouse in the charming town of Algue a. Although time-worn and in need of restoration, this traditional Spanish home is bursting with potential and awaits a transformation that will breathe new life into its classic features. Key Features: Generous Layout: Spanning two floors, the main house presents 5 bedrooms, 1 bathroom, 2 welcoming living rooms adorned with fireplaces, and a functional kitchen. The underbuild, partially hewn into the rock, is accessible from both the main house and the exterior street. Within this intriguing space, discover a garage, several rooms carved into the cave, and an additional bathroom. Dual Street Access: Offering the convenience of entry from two streets, this townhouse provides flexibility and ease of access. The underbuild, with its separate entrance, adds an interesting layer to the property's potential uses. Expansive Urban Land: Enhancing the allure of this property is a plot of urban land, situated just across the street from the main house. Covering an area of 221 m2, this plot invites creative possibilities. Potential and Possibilities: Renovation Canvas: With a vision and some TLC, this townhouse can be transformed into a character-filled residence that pays homage to its Spanish heritage while incorporating modern comforts. Additional Dwelling or Garden Oasis: The included plot of urban land opens avenues for expansion. Consider constructing a new house or cultivating a serene garden space, possibly adorned with a refreshing pool, to complement the main residence. With some TLC breathe life back into a traditional Spanish townhouse.
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Currency Exchange
Alguena, Alicante, 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 €89,950 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 |
|---|---|---|---|
| €89,950 | £74,506 | £77,308 | £2,801 |
| Property Price € | €89,950 |
| Minimum cost in the last six months | £74,506 |
| Maximum cost in the last six months | £77,308 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,801 |
Alguena, Alicante, 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 €89,950 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 |
|---|---|---|---|
| €89,950 | £74,506 | £77,308 | £2,801 |
| Property Price € | €89,950 |
| Minimum cost in the last six months | £74,506 |
| Maximum cost in the last six months | £77,308 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,801 |
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 £2,801 more.
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