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Village House
Alfarnate, Málaga, Spain
REF: 868271
€75,000
Description
Village House. 4 Bedrooms, 1 Bathroom. Terrace and Patio. Renovation Project. Essential Properties are pleased to present a spacious village house requiring renovation located close to the centre of the village. The property benefits from access through 2 separate doors. The first part of the property is currently operating as a hairdressers and offers a fully equipped salon, 3 large rooms to the rear which could be converted into living accommodation, a family bathroom and door leading to an inner courtyard. Access from the second door leads into a hallway, room with a fireplace and door onto the inner courtyard featuring a well and an underbuild which could be used as a utility room. Stairs lead up the spacious first floor requiring complete renovation and has the potential to create 3 or 4 large bedrooms and a family bathroom. Ideally located close to the centre of the village within walking distance of shops, bars, restaurants and the village swimming pool. The beach at Torre del Mar and Malaga airport are an approximate 55 minute drive. The property offers enormous scope to create the perfect home in the sun for an extended family or to create a home and income. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
Village House. 4 Bedrooms, 1 Bathroom. Terrace and Patio. Renovation Project. Essential Properties are pleased to present a spacious village house requiring renovation located close to the centre of the village. The property benefits from access through 2 separate doors. The first part of the property is currently operating as a hairdressers and offers a fully equipped salon, 3 large rooms to the rear which could be converted into living accommodation, a family bathroom and door leading to an inner courtyard. Access from the second door leads into a hallway, room with a fireplace and door onto the inner courtyard featuring a well and an underbuild which could be used as a utility room. Stairs lead up the spacious first floor requiring complete renovation and has the potential to create 3 or 4 large bedrooms and a family bathroom. Ideally located close to the centre of the village within walking distance of shops, bars, restaurants and the village swimming pool. The beach at Torre del Mar and Malaga airport are an approximate 55 minute drive. The property offers enormous scope to create the perfect home in the sun for an extended family or to create a home and income. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
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Currency Exchange
Alfarnate, 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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,123 | £64,459 | £2,336 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,123 |
| Maximum cost in the last six months | £64,459 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,336 |
Alfarnate, 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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,123 | £64,459 | £2,336 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,123 |
| Maximum cost in the last six months | £64,459 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,336 |
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 £2,336 more.
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