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This large country house, currently in a ruinous state, presents an exciting renovation project, set across two floors on a spacious plot
Albox, Almeria, Spain
REF: 899441
€59,995
Description
This large country house, currently in a ruinous state, presents an exciting renovation project, set across two floors on a spacious plot. The ground floor spans approx. 205.4m and previously comprised a living room, kitchen, cave room, two bedrooms, bathroom, two animal rooms, and a storage room. The first floor, covering approx. 96.3m , originally comprised four rooms that were used for animals and drying meats. The property is in need of a full renovation or could be demolished and rebuilt, depending on the buyer s preference. According to the town hall in Albox, renovation is permitted with the completion of an FO certificate, after which a license to rebuild or renovate can be granted. This would have to be paid for by the buyer (this can be arranged by your solicitor so it's very simple). Buyers are advised to consult their solicitor for further confirmation of these details. The house is located on a large plot, some of which is flat, providing ample space for potential landscaping, above ground pool etc. Access to the property is via an 850-metre dirt track, which will require maintenance, though local farmers and machine operators can assist with this if required. The track does require a 4x4. Situated just 11km, or a 15-minute drive, from the town of Albox, this property offers a tranquil rural setting while still being within reach of all essential amenities. Electricity runs to the front of the property and can be connected, while water is currently sourced from an old well, with mains water possibly available nearby (though this would need to be verified). This is an ideal opportunity for anyone looking to create a bespoke rural retreat in the Spanish countryside.
This large country house, currently in a ruinous state, presents an exciting renovation project, set across two floors on a spacious plot. The ground floor spans approx. 205.4m and previously comprised a living room, kitchen, cave room, two bedrooms, bathroom, two animal rooms, and a storage room. The first floor, covering approx. 96.3m , originally comprised four rooms that were used for animals and drying meats. The property is in need of a full renovation or could be demolished and rebuilt, depending on the buyer s preference. According to the town hall in Albox, renovation is permitted with the completion of an FO certificate, after which a license to rebuild or renovate can be granted. This would have to be paid for by the buyer (this can be arranged by your solicitor so it's very simple). Buyers are advised to consult their solicitor for further confirmation of these details. The house is located on a large plot, some of which is flat, providing ample space for potential landscaping, above ground pool etc. Access to the property is via an 850-metre dirt track, which will require maintenance, though local farmers and machine operators can assist with this if required. The track does require a 4x4. Situated just 11km, or a 15-minute drive, from the town of Albox, this property offers a tranquil rural setting while still being within reach of all essential amenities. Electricity runs to the front of the property and can be connected, while water is currently sourced from an old well, with mains water possibly available nearby (though this would need to be verified). This is an ideal opportunity for anyone looking to create a bespoke rural retreat in the Spanish countryside.
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Currency Exchange
Albox, Almeria, 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 €59,995 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 |
|---|---|---|---|
| €59,995 | £49,909 | £51,633 | £1,724 |
| Property Price € | €59,995 |
| Minimum cost in the last six months | £49,909 |
| Maximum cost in the last six months | £51,633 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,724 |
Albox, Almeria, 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 €59,995 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 |
|---|---|---|---|
| €59,995 | £49,909 | £51,633 | £1,724 |
| Property Price € | €59,995 |
| Minimum cost in the last six months | £49,909 |
| Maximum cost in the last six months | £51,633 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,724 |
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 £1,724 more.
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