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Lucas Fox presents this fantastic 242 m apartment that has renovation to a high specification, but which has maintained various elements of the original architecture
Madrid, Madrid, Spain, 28009
REF: 884202
€3,895,000
Description
Lucas Fox presents this fantastic 242 m apartment that has renovation to a high specification, but which has maintained various elements of the original architecture. It is located in a fantastic location in the prestigious Recoletos neighbourhood , in the Salamanca district of Madrid. It is located in a 1930s building with a concierge service and elevator, close to the luxury shopping area of Velázquez and Serrano streets. The property has plenty of natural light and a good layout. The apartment is accessed through a entrance hall that leads to the large living room of about 50 m with large windows and balconies overlooking the El Retiro park. In addition, the day area is complemented by a closed and fully equipped kitchen. The night area consists of three bedrooms, four bathrooms, including a utility room with a toilet. A charming property located in a privileged area, with views of El Retiro Park.
Lucas Fox presents this fantastic 242 m apartment that has renovation to a high specification, but which has maintained various elements of the original architecture. It is located in a fantastic location in the prestigious Recoletos neighbourhood , in the Salamanca district of Madrid. It is located in a 1930s building with a concierge service and elevator, close to the luxury shopping area of Velázquez and Serrano streets. The property has plenty of natural light and a good layout. The apartment is accessed through a entrance hall that leads to the large living room of about 50 m with large windows and balconies overlooking the El Retiro park. In addition, the day area is complemented by a closed and fully equipped kitchen. The night area consists of three bedrooms, four bathrooms, including a utility room with a toilet. A charming property located in a privileged area, with views of El Retiro Park.
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Currency Exchange
Madrid, Madrid, Spain, 28009
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 €3,895,000 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 |
|---|---|---|---|
| €3,895,000 | £3,240,173 | £3,352,115 | £111,942 |
| Property Price € | €3,895,000 |
| Minimum cost in the last six months | £3,240,173 |
| Maximum cost in the last six months | £3,352,115 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £111,942 |
Madrid, Madrid, Spain, 28009
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 €3,895,000 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 |
|---|---|---|---|
| €3,895,000 | £3,240,173 | £3,352,115 | £111,942 |
| Property Price € | €3,895,000 |
| Minimum cost in the last six months | £3,240,173 |
| Maximum cost in the last six months | £3,352,115 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £111,942 |
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 £111,942 more.
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