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This townhouse has a prime location for people looking for an investment
Javea, Alicante, Spain
REF: 891061
€495,000
Description
This townhouse has a prime location for people looking for an investment. The property is a stone s throw from the sandy beach in the Arenal, where you can also find several cosy bars, restaurants and shops. Also several sports facilities like tennis and padel courts are just around the corner. The ground floor consists of two flats, each with a private entrance. The flats are also connected internally through a door that can be locked which makes it extra convenient for maintenance or for large families who want to combine the two flats. The first flat has a living-dining room with an open-plan kitchen, a bathroom and two double bedrooms. The second flat has a living-dining room, a bathroom and one double bedroom. On the first floor comprises a spacious living-dining room, a fully equipped open-plan kitchen, a double bedroom, a walk inn dressing room and a bathroom. Extra storage space is provided in the stairwell. One more floor up is another double bedroom with access to a large roof terrace. All three apartments are air-conditioned and each dwelling has a washing machine. The property has a rental licence. Currently both flats have rental contracts for one year ( until end of September 2025). With the possibility of a 5-year extension. The monthly income of the two-bedroom flat is 950/month and of the one-bedroom apartment 700/month. This income will be for the new owner once officially bought. The upper flat has the potential to be rented out for a monthly income of 1200- 1300. The furniture and electrical household appliances are included in the price. Don t miss this unique opportunity to get a property which will generate you a steady income just a few steps from the arenal! More information on request.
This townhouse has a prime location for people looking for an investment. The property is a stone s throw from the sandy beach in the Arenal, where you can also find several cosy bars, restaurants and shops. Also several sports facilities like tennis and padel courts are just around the corner. The ground floor consists of two flats, each with a private entrance. The flats are also connected internally through a door that can be locked which makes it extra convenient for maintenance or for large families who want to combine the two flats. The first flat has a living-dining room with an open-plan kitchen, a bathroom and two double bedrooms. The second flat has a living-dining room, a bathroom and one double bedroom. On the first floor comprises a spacious living-dining room, a fully equipped open-plan kitchen, a double bedroom, a walk inn dressing room and a bathroom. Extra storage space is provided in the stairwell. One more floor up is another double bedroom with access to a large roof terrace. All three apartments are air-conditioned and each dwelling has a washing machine. The property has a rental licence. Currently both flats have rental contracts for one year ( until end of September 2025). With the possibility of a 5-year extension. The monthly income of the two-bedroom flat is 950/month and of the one-bedroom apartment 700/month. This income will be for the new owner once officially bought. The upper flat has the potential to be rented out for a monthly income of 1200- 1300. The furniture and electrical household appliances are included in the price. Don t miss this unique opportunity to get a property which will generate you a steady income just a few steps from the arenal! More information on request.
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Currency Exchange
Javea, Alicante, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
Javea, Alicante, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £410,013 | £425,428 | £15,414 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £410,013 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,414 |
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 £15,414 more.
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