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This detached family home offers ideal conditions for the realisation of a renovation project
Son Verí Nou, Mallorca, Spain
REF: 821041
€1,200,000
Description
This detached family home offers ideal conditions for the realisation of a renovation project. The property in second sea line is located in an absolute premium location of Son Veri and offers spectacular views of the bay of Palma from the upper areas. In the first sea line there are properties with purchase prices between 10-18 million euros, which guarantees a high value in this location. On a plot of 560m2 with garden, the property offers 235m2 of constructed area spread over two floors, various terrace areas on the lower and upper floors and a private roof terrace. DIVISION: Ground floor: Front garden, 5x single bedrooms, 2x bathrooms, 1x double bedroom with en-suite bathroom, storage room, rear garden First floor: 1x master bedroom with terrace and fireplace, 1x double bedroom with terrace, 1x double bedroom with en suite bathroom, kitchen, rear terrace Roof terrace Translated with DeepL.com (free version) Fitted kitchen fireplace Terrace areas roof terrace air conditioning Tiled floor garden
This detached family home offers ideal conditions for the realisation of a renovation project. The property in second sea line is located in an absolute premium location of Son Veri and offers spectacular views of the bay of Palma from the upper areas. In the first sea line there are properties with purchase prices between 10-18 million euros, which guarantees a high value in this location. On a plot of 560m2 with garden, the property offers 235m2 of constructed area spread over two floors, various terrace areas on the lower and upper floors and a private roof terrace. DIVISION: Ground floor: Front garden, 5x single bedrooms, 2x bathrooms, 1x double bedroom with en-suite bathroom, storage room, rear garden First floor: 1x master bedroom with terrace and fireplace, 1x double bedroom with terrace, 1x double bedroom with en suite bathroom, kitchen, rear terrace Roof terrace Translated with DeepL.com (free version) Fitted kitchen fireplace Terrace areas roof terrace air conditioning Tiled floor garden
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Currency Exchange
Son Verí Nou, Mallorca, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
Son Verí Nou, Mallorca, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
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 £37,368 more.
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