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The Property Gallery offers an emblematic Canarian house in Arona Town to restore / reform
Arona, Tenerife, Spain, 38640
REF: 787329
€250,000
Description
The Property Gallery offers an emblematic Canarian house in Arona Town to restore / reform. The house is found in a rustic and natural setting in Arona, a beautiful town in the south of Tenerife which is approximately 630 meters above sea level. This is a neighbourhood that comes highly recommended because of its old-fashioned vibe, its streets that are paved with cobblestones, and its architectural ensemble, which has great ethnographic value and features excellent examples of traditional rural architecture, both popular and stately. The Church of San Antonio Abad, the building that serves as the town hall, and the structure that houses El Calvario are some of the most notable structures in the old town. This property needs a complete restoration to achieve its full potential. Within a plot of 406 m2 it will be ideal as a permanent residence or a holiday home due to its proximity to all amenities and central location. Disclaimer: Please note The Property Gallery receives property information, documents, plans, etc. From the seller and it isn't always possible to verify it. While The Property Gallery requests correct information from the seller, we recommend seeking independent legal advice to verify property documents and details prior to any property purchase. Therefore it is the responsibility of our clients to ensure that the information and details about the property is correct. All written offers are non-binding, may be subject to errors, price changes prior to the sale or withdrawal from the market without prior notice.[IW]
The Property Gallery offers an emblematic Canarian house in Arona Town to restore / reform. The house is found in a rustic and natural setting in Arona, a beautiful town in the south of Tenerife which is approximately 630 meters above sea level. This is a neighbourhood that comes highly recommended because of its old-fashioned vibe, its streets that are paved with cobblestones, and its architectural ensemble, which has great ethnographic value and features excellent examples of traditional rural architecture, both popular and stately. The Church of San Antonio Abad, the building that serves as the town hall, and the structure that houses El Calvario are some of the most notable structures in the old town. This property needs a complete restoration to achieve its full potential. Within a plot of 406 m2 it will be ideal as a permanent residence or a holiday home due to its proximity to all amenities and central location. Disclaimer: Please note The Property Gallery receives property information, documents, plans, etc. From the seller and it isn't always possible to verify it. While The Property Gallery requests correct information from the seller, we recommend seeking independent legal advice to verify property documents and details prior to any property purchase. Therefore it is the responsibility of our clients to ensure that the information and details about the property is correct. All written offers are non-binding, may be subject to errors, price changes prior to the sale or withdrawal from the market without prior notice.[IW]
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Currency Exchange
Arona, Tenerife, Spain, 38640
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Arona, Tenerife, Spain, 38640
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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