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Located just 10 minutes from Álora and El Chorro, and only 15 minutes from the famous Caminito del Rey, it's perfectly positioned for tourists and outdoor enthusiasts alike
Alora, Málaga, Spain
REF: 885599
€450,000
Description
Located just 10 minutes from Álora and El Chorro, and only 15 minutes from the famous Caminito del Rey, it's perfectly positioned for tourists and outdoor enthusiasts alike. The property offers ample parking for up to five cars, including a covered space with an electric car charger. The outdoor area is designed for relaxation and entertaining, featuring a BBQ zone, shaded dining space, and a private gated pool area that s both family-friendly and secluded. Two storage areas, including a wood store, add practicality to the beautiful garden space. Inside, the owner s living quarters are located upstairs, featuring two bedrooms, a modern kitchen with integrated appliances, and a living room complete with a pellet burner for cooler months. There is also an office, which could be converted into a third bedroom. The downstairs apartment, perfect for rental income, has two bedrooms, two bathrooms, a new kitchen, and a lounge area with access to a private courtyard and laundry room. Additionally, a separate studio offers another bedroom with an ensuite bathroom, air conditioning, and houses the property s solar power system. This space is ideal for short-term rentals or as a guest suite. The property sits on a 1,392 m plot with an additional 203 m urban plot that offers potential for future development. With a transferable tourist license and a prime location near popular tourist attractions, this property presents an exceptional investment opportunity.
Located just 10 minutes from Álora and El Chorro, and only 15 minutes from the famous Caminito del Rey, it's perfectly positioned for tourists and outdoor enthusiasts alike. The property offers ample parking for up to five cars, including a covered space with an electric car charger. The outdoor area is designed for relaxation and entertaining, featuring a BBQ zone, shaded dining space, and a private gated pool area that s both family-friendly and secluded. Two storage areas, including a wood store, add practicality to the beautiful garden space. Inside, the owner s living quarters are located upstairs, featuring two bedrooms, a modern kitchen with integrated appliances, and a living room complete with a pellet burner for cooler months. There is also an office, which could be converted into a third bedroom. The downstairs apartment, perfect for rental income, has two bedrooms, two bathrooms, a new kitchen, and a lounge area with access to a private courtyard and laundry room. Additionally, a separate studio offers another bedroom with an ensuite bathroom, air conditioning, and houses the property s solar power system. This space is ideal for short-term rentals or as a guest suite. The property sits on a 1,392 m plot with an additional 203 m urban plot that offers potential for future development. With a transferable tourist license and a prime location near popular tourist attractions, this property presents an exceptional investment opportunity.
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Currency Exchange
Alora, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,346 | £387,279 | £12,933 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,346 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,933 |
Alora, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,346 | £387,279 | £12,933 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,346 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,933 |
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 £12,933 more.
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