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Lucas Fox presents this apartment for sale in Palacio, Madrid
madrid, Madrid, Spain, 28013
REF: 854008
€750,000
Description
Lucas Fox presents this apartment for sale in Palacio, Madrid. Upon entering the property we find a spacious living-dining room with a built-in wardrobe , with abundant natural light that enters through its two large translucent windows that face the street. Next, there is the kitchen open to the living room, fully equipped with top brand appliances . The night area offers a large bedroom with plenty of storage space and a private bathroom. Then we have the second bathroom that would serve the second bedroom or for guests. Finally, upon passing through a door that provides privacy, we find the main bedroom, with generous spaces. The property has a comprehensive renovation in 2022 with materials such as insulating oak floor , smooth white lacquered door carpentry and wardrobe fronts, coated cabinets, armored doors and LED lighting. For greater comfort, it includes heated towel rails in both bathrooms, armored PVC window in the main bedroom with double glazing and ducted air conditioning. The kitchen has high quality furniture, cabinets from floor-to-ceiling, with large storage capacity. It includes appliances such as an induction hob, extractor hood with carbon filter, washing machine/dryer, dishwasher, combi refrigerator with freezer, microwave oven and multifunction oven, both integrated. The property is located on a building from 1900 with a favorable ITE in 2020. Contact for more information.
Lucas Fox presents this apartment for sale in Palacio, Madrid. Upon entering the property we find a spacious living-dining room with a built-in wardrobe , with abundant natural light that enters through its two large translucent windows that face the street. Next, there is the kitchen open to the living room, fully equipped with top brand appliances . The night area offers a large bedroom with plenty of storage space and a private bathroom. Then we have the second bathroom that would serve the second bedroom or for guests. Finally, upon passing through a door that provides privacy, we find the main bedroom, with generous spaces. The property has a comprehensive renovation in 2022 with materials such as insulating oak floor , smooth white lacquered door carpentry and wardrobe fronts, coated cabinets, armored doors and LED lighting. For greater comfort, it includes heated towel rails in both bathrooms, armored PVC window in the main bedroom with double glazing and ducted air conditioning. The kitchen has high quality furniture, cabinets from floor-to-ceiling, with large storage capacity. It includes appliances such as an induction hob, extractor hood with carbon filter, washing machine/dryer, dishwasher, combi refrigerator with freezer, microwave oven and multifunction oven, both integrated. The property is located on a building from 1900 with a favorable ITE in 2020. Contact for more information.
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Currency Exchange
madrid, Madrid, Spain, 28013
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 €750,000 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 |
|---|---|---|---|
| €750,000 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
madrid, Madrid, Spain, 28013
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 €750,000 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 |
|---|---|---|---|
| €750,000 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
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 £21,555 more.
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