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This amazing pearl is the ideal refuge for those seeking tranquility
Lorca, Murcia, Spain
REF: 803289
€737,000
Description
This amazing pearl is the ideal refuge for those seeking tranquility. Surrounded by acres of olive and almond trees is the Finca called Los Sibileys. This building dates from about 1822 and is therefore 200 years old. In 2005 the owners completely renovated it and it is in perfect condition to this day. The price also includes a hotel license, which is still very difficult to obtain these days. It has thus served as a hotel for motorcyclists, mountain bikers and hikers since 2005. The kitchen is equipped with the best equipment, because the owners are both chefs. All rooms (6) have an en-suite bathroom. There is also one complete apartment, which brings the total number of rooms to 7. All the furniture remains, except for the personal items. And the pool was completely renovated on 03/08/22. Feel free to contact us for more information or a viewing!
This amazing pearl is the ideal refuge for those seeking tranquility. Surrounded by acres of olive and almond trees is the Finca called Los Sibileys. This building dates from about 1822 and is therefore 200 years old. In 2005 the owners completely renovated it and it is in perfect condition to this day. The price also includes a hotel license, which is still very difficult to obtain these days. It has thus served as a hotel for motorcyclists, mountain bikers and hikers since 2005. The kitchen is equipped with the best equipment, because the owners are both chefs. All rooms (6) have an en-suite bathroom. There is also one complete apartment, which brings the total number of rooms to 7. All the furniture remains, except for the personal items. And the pool was completely renovated on 03/08/22. Feel free to contact us for more information or a viewing!
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Currency Exchange
Lorca, Murcia, 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 €737,000 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 |
|---|---|---|---|
| €737,000 | £610,464 | £633,415 | £22,950 |
| Property Price € | €737,000 |
| Minimum cost in the last six months | £610,464 |
| Maximum cost in the last six months | £633,415 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,950 |
Lorca, Murcia, 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 €737,000 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 |
|---|---|---|---|
| €737,000 | £610,464 | £633,415 | £22,950 |
| Property Price € | €737,000 |
| Minimum cost in the last six months | £610,464 |
| Maximum cost in the last six months | £633,415 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,950 |
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 £22,950 more.
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