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Lucas Fox International Properties Madrid presents this fantastic 186 m apartment, with great potential for renovation, located in the prestigious Castellana area, in the Madrid district of Salamanca
Madrid, Madrid, Spain, 28006
REF: 884203
€1,575,000
Description
Lucas Fox International Properties Madrid presents this fantastic 186 m apartment, with great potential for renovation, located in the prestigious Castellana area, in the Madrid district of Salamanca. The apartment currently has four bedrooms and three bathrooms, but it offers excellent potential to redesign its spaces and achieve a more modern layout with three large bedrooms, each with its own private bathroom. The property has a large courtyard, perfect for enjoying moments of tranquility in the heart of the city. The property includes a parking space in the same building and a private storage room . It is located in a building from the 80s, with an elevator, a concierge for greater security and comfort and access to a magnificent community pool. Thanks to its excellent location in the most sought-after area of Castellana and its multiple renovation options, this property is ideal as a first residence, as well as for investors looking for a property with great potential. Please do not hesitate to contact us for more information or to arrange a visit without obligation.
Lucas Fox International Properties Madrid presents this fantastic 186 m apartment, with great potential for renovation, located in the prestigious Castellana area, in the Madrid district of Salamanca. The apartment currently has four bedrooms and three bathrooms, but it offers excellent potential to redesign its spaces and achieve a more modern layout with three large bedrooms, each with its own private bathroom. The property has a large courtyard, perfect for enjoying moments of tranquility in the heart of the city. The property includes a parking space in the same building and a private storage room . It is located in a building from the 80s, with an elevator, a concierge for greater security and comfort and access to a magnificent community pool. Thanks to its excellent location in the most sought-after area of Castellana and its multiple renovation options, this property is ideal as a first residence, as well as for investors looking for a property with great potential. Please do not hesitate to contact us for more information or to arrange a visit without obligation.
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Currency Exchange
Madrid, Madrid, Spain, 28006
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 €1,575,000 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 |
|---|---|---|---|
| €1,575,000 | £1,310,211 | £1,355,477 | £45,266 |
| Property Price € | €1,575,000 |
| Minimum cost in the last six months | £1,310,211 |
| Maximum cost in the last six months | £1,355,477 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,266 |
Madrid, Madrid, Spain, 28006
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 €1,575,000 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 |
|---|---|---|---|
| €1,575,000 | £1,310,211 | £1,355,477 | £45,266 |
| Property Price € | €1,575,000 |
| Minimum cost in the last six months | £1,310,211 |
| Maximum cost in the last six months | £1,355,477 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,266 |
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 £45,266 more.
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