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House
El Madronal, Tenerife, Spain
REF: 803966
€1,290,000
Description
Morfitt Properties Tenerife has for sale this semi-detached villa located in the exclusive area of El Madronal in the Costa Adeje region. The property has been refurbished and currently offers, in the main house, a master bedroom with an en-suite bathroom and a private terrace with stunning sea views. On the same level, there is a family bathroom and two double bedrooms, both with access to a terrace. The entrance level features an open-plan kitchen and dining area, a guest toilet, and a bright lounge. Both the lounge and the kitchen provide access to the exterior, offering sunny terraces, sea views, and a heated swimming pool. The lower part of the property includes a double garage with direct access to the house, and a separate studio apartment with private access. The property is currently under contract with a rental company until 2025
Morfitt Properties Tenerife has for sale this semi-detached villa located in the exclusive area of El Madronal in the Costa Adeje region. The property has been refurbished and currently offers, in the main house, a master bedroom with an en-suite bathroom and a private terrace with stunning sea views. On the same level, there is a family bathroom and two double bedrooms, both with access to a terrace. The entrance level features an open-plan kitchen and dining area, a guest toilet, and a bright lounge. Both the lounge and the kitchen provide access to the exterior, offering sunny terraces, sea views, and a heated swimming pool. The lower part of the property includes a double garage with direct access to the house, and a separate studio apartment with private access. The property is currently under contract with a rental company until 2025
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Currency Exchange
El Madronal, 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 €1,290,000 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 |
|---|---|---|---|
| €1,290,000 | £1,082,723 | £1,112,702 | £29,980 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,082,723 |
| Maximum cost in the last six months | £1,112,702 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,980 |
El Madronal, 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 €1,290,000 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 |
|---|---|---|---|
| €1,290,000 | £1,082,723 | £1,112,702 | £29,980 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,082,723 |
| Maximum cost in the last six months | £1,112,702 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,980 |
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 £29,980 more.
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