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Building
Periana, Málaga, Spain
REF: 804027
€130,000
Description
Building. 3 Bedrooms, 2 Bathrooms. 2 Terraces. Lake, Mountain and Countryside Views. Home & Income Opportunity. Renovation Project. Essential Properties is pleased to present an extremely large property, requiring renovation throughout, located close to the heart of the village. Ground Floor 240m2 Featuring 2 expansive rooms, this floor was previously operating as a clothing manufacturing business and benefits from 2 entrances and stairs to the rear leading to the first floor. First Floor 240m2 This floor has been partially renovated and comprises of a spacious lounge / dining room with large patio doors opening onto an 8m2 balcony, a kitchen, 2 family bathrooms, a master bedroom enjoying an en-suite bathroom, plus 2 guest double bedrooms. The two upper floors 190m2 & 165m2 each feature an open-plan space ideal to convert to additional accommodation and both enjoy a large sun terrace boasting exceptional, uninterrupted views over the surrounding countryside, Lake Viñuela and down to the coast. The top floor also benefits from access to the rear street. Overview. A large project ideal for property developers and investors. Situated at an altitude of 547 m above sea level, the pretty village of Periana, full of cobbled streets and picturesque plazas/squares, is 50 km from Málaga and 28 km from Torre del Mar on the coast. The breathtaking views from the village enjoy the surrounding countryside, Lake Viñuela and the Mediterranean Sea and coastline. This large village offers numerous bars, restaurants, shops, medical centre, chemist and a village swimming pool plus benefits from public transport.
Building. 3 Bedrooms, 2 Bathrooms. 2 Terraces. Lake, Mountain and Countryside Views. Home & Income Opportunity. Renovation Project. Essential Properties is pleased to present an extremely large property, requiring renovation throughout, located close to the heart of the village. Ground Floor 240m2 Featuring 2 expansive rooms, this floor was previously operating as a clothing manufacturing business and benefits from 2 entrances and stairs to the rear leading to the first floor. First Floor 240m2 This floor has been partially renovated and comprises of a spacious lounge / dining room with large patio doors opening onto an 8m2 balcony, a kitchen, 2 family bathrooms, a master bedroom enjoying an en-suite bathroom, plus 2 guest double bedrooms. The two upper floors 190m2 & 165m2 each feature an open-plan space ideal to convert to additional accommodation and both enjoy a large sun terrace boasting exceptional, uninterrupted views over the surrounding countryside, Lake Viñuela and down to the coast. The top floor also benefits from access to the rear street. Overview. A large project ideal for property developers and investors. Situated at an altitude of 547 m above sea level, the pretty village of Periana, full of cobbled streets and picturesque plazas/squares, is 50 km from Málaga and 28 km from Torre del Mar on the coast. The breathtaking views from the village enjoy the surrounding countryside, Lake Viñuela and the Mediterranean Sea and coastline. This large village offers numerous bars, restaurants, shops, medical centre, chemist and a village swimming pool plus benefits from public transport.
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Currency Exchange
Periana, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £108,144 | £111,881 | £3,736 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £108,144 |
| Maximum cost in the last six months | £111,881 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,736 |
Periana, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £108,144 | £111,881 | £3,736 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £108,144 |
| Maximum cost in the last six months | £111,881 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,736 |
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 £3,736 more.
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