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Detached Country House
Vélez-Málaga, Málaga, Spain
REF: 794488
€700,000
Description
Detached Country House. 3 Bedrooms. 2 Bathrooms. 1,381 Mature Avocado Trees. Fantastic Home and Income Opportunity. Renovation required. Essential Properties are pleased to present a detached country house, set within a plot of approx 51,686m2 and perfectly situated within walking distance to the nearest town. The Plot Predominantly level, the plot is divided into 2 areas. Area 1 32,725m2 Area 2 18,961m2 The 2 plots offer, in total, 1,381 mature avocado trees currently in production and providing a fantastic home and income opportunity. Set within area 1 is a detached country house, requiring renovation throughout with the potential to create a lounge, kitchen / breakfast room, 3 double bedrooms and 2 bathrooms. Overview A fabulous opportunity to create a substantial home and income. The trees are all at varying stages of maturity and offer production throughout the year. Located close to the coast and within walking distance of the nearest town. The property also benefits from mains water and electric, community irrigation plus a 500,000 litre water deposit and legal well. Vélez-Malaga is situated 3 kilometres inland from the coastal town of Torre del Mar and 26 kilometres to the east of Malaga. It is the centre and capital of the district of Axarquia with a population of 55,000. This Spanish town oozes charm and tradition. Full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets, plazas and historical monuments including the ancient Fortress towering over the historical town. Throughout the year there are many festivals and ferias, plus for those in search of culture there are many art galleries, regular jazz and flamenco recitals plus the theatre offers numerous plays, musicals and shows. The public transport is excellent with direct buses to the beach every 20 minutes and Malaga every hour. A superb town to experience and integrate into the Spanish lifestyle and culture.
Detached Country House. 3 Bedrooms. 2 Bathrooms. 1,381 Mature Avocado Trees. Fantastic Home and Income Opportunity. Renovation required. Essential Properties are pleased to present a detached country house, set within a plot of approx 51,686m2 and perfectly situated within walking distance to the nearest town. The Plot Predominantly level, the plot is divided into 2 areas. Area 1 32,725m2 Area 2 18,961m2 The 2 plots offer, in total, 1,381 mature avocado trees currently in production and providing a fantastic home and income opportunity. Set within area 1 is a detached country house, requiring renovation throughout with the potential to create a lounge, kitchen / breakfast room, 3 double bedrooms and 2 bathrooms. Overview A fabulous opportunity to create a substantial home and income. The trees are all at varying stages of maturity and offer production throughout the year. Located close to the coast and within walking distance of the nearest town. The property also benefits from mains water and electric, community irrigation plus a 500,000 litre water deposit and legal well. Vélez-Malaga is situated 3 kilometres inland from the coastal town of Torre del Mar and 26 kilometres to the east of Malaga. It is the centre and capital of the district of Axarquia with a population of 55,000. This Spanish town oozes charm and tradition. Full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets, plazas and historical monuments including the ancient Fortress towering over the historical town. Throughout the year there are many festivals and ferias, plus for those in search of culture there are many art galleries, regular jazz and flamenco recitals plus the theatre offers numerous plays, musicals and shows. The public transport is excellent with direct buses to the beach every 20 minutes and Malaga every hour. A superb town to experience and integrate into the Spanish lifestyle and culture.
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Currency Exchange
Vélez-Málaga, 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 €700,000 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 |
|---|---|---|---|
| €700,000 | £582,316 | £602,434 | £20,118 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £582,316 |
| Maximum cost in the last six months | £602,434 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,118 |
Vélez-Málaga, 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 €700,000 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 |
|---|---|---|---|
| €700,000 | £582,316 | £602,434 | £20,118 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £582,316 |
| Maximum cost in the last six months | £602,434 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,118 |
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 £20,118 more.
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