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For sale is an apartment from 1965 in need of renovation, just a few minutes from the Fan shopping center and the airport, with Palma just 15 minutes away
Palma, Mallorca, Spain
REF: 906477
€285,000
Description
For sale is an apartment from 1965 in need of renovation, just a few minutes from the Fan shopping center and the airport, with Palma just 15 minutes away. The 65 m apartment offers potential for buyers looking to renovate it to their own specifications. Particularly noteworthy is the communal roof terrace with partial sea views, which could become a real highlight after refurbishment. Room layout: Living room: Central room of the apartment. Bedroom: 3 rooms for family or guests. Kitchen: Functional, but in need of renovation. Bathroom: Offers space for a remodel. Hallway: Connects the rooms and offers scope for design. The roof terrace with storage room and sea view is located on the upper floor. The terrace offers potential for attractive use. Renovation required: The apartment requires extensive refurbishment: Floors, windows, sanitary facilities, electrics and heating system are partly outdated and need to be renewed. The insulating plaster on the walls already provides a good basis for renovation. From the living room to the first bedroom, part of the hallway, the walls outside the inner courtyard and the roof terrace have been covered with a special plaster for insulation. The electrical installation from the living room to the kitchen has also been renewed. This apartment is ideal for buyers looking for a project to create a modern home and increase the value of the property. GOIBE468739/2024
For sale is an apartment from 1965 in need of renovation, just a few minutes from the Fan shopping center and the airport, with Palma just 15 minutes away. The 65 m apartment offers potential for buyers looking to renovate it to their own specifications. Particularly noteworthy is the communal roof terrace with partial sea views, which could become a real highlight after refurbishment. Room layout: Living room: Central room of the apartment. Bedroom: 3 rooms for family or guests. Kitchen: Functional, but in need of renovation. Bathroom: Offers space for a remodel. Hallway: Connects the rooms and offers scope for design. The roof terrace with storage room and sea view is located on the upper floor. The terrace offers potential for attractive use. Renovation required: The apartment requires extensive refurbishment: Floors, windows, sanitary facilities, electrics and heating system are partly outdated and need to be renewed. The insulating plaster on the walls already provides a good basis for renovation. From the living room to the first bedroom, part of the hallway, the walls outside the inner courtyard and the roof terrace have been covered with a special plaster for insulation. The electrical installation from the living room to the kitchen has also been renewed. This apartment is ideal for buyers looking for a project to create a modern home and increase the value of the property. GOIBE468739/2024
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Currency Exchange
Palma, Mallorca, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £236,068 | £244,943 | £8,875 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £236,068 |
| Maximum cost in the last six months | £244,943 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,875 |
Palma, Mallorca, 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 €285,000 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 |
|---|---|---|---|
| €285,000 | £236,068 | £244,943 | £8,875 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £236,068 |
| Maximum cost in the last six months | £244,943 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,875 |
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 £8,875 more.
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