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This elegant apartment, located in a classic 1930s building on the emblematic O'Donnell street, is to renovate in one of the most exclusive areas of Madrid
Madrid, Madrid, Spain, 28009
REF: 908468
€1,165,000
Description
This elegant apartment, located in a classic 1930s building on the emblematic O'Donnell street, is to renovate in one of the most exclusive areas of Madrid. The property is located on a sixth corner floor and has a privileged southeast orientation, which offers excellent natural light throughout the day and unobstructed views in the heart of the Goya neighbourhood . The property benefits from a stately design, with three-metre-high ceilings that provide a great sense of spaciousness. On the other hand, it has large windows that allow the entry of abundant natural light. This is an ideal property for those looking to create a custom property tailored to their needs, with great possibilities for renovation. This apartment is an exceptional investment in one of the most sought-after areas of Madrid, ideal for those looking for an exclusive place full of possibilities in the prestigious Salamanca district.
This elegant apartment, located in a classic 1930s building on the emblematic O'Donnell street, is to renovate in one of the most exclusive areas of Madrid. The property is located on a sixth corner floor and has a privileged southeast orientation, which offers excellent natural light throughout the day and unobstructed views in the heart of the Goya neighbourhood . The property benefits from a stately design, with three-metre-high ceilings that provide a great sense of spaciousness. On the other hand, it has large windows that allow the entry of abundant natural light. This is an ideal property for those looking to create a custom property tailored to their needs, with great possibilities for renovation. This apartment is an exceptional investment in one of the most sought-after areas of Madrid, ideal for those looking for an exclusive place full of possibilities in the prestigious Salamanca district.
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Currency Exchange
Madrid, Madrid, Spain, 28009
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 €1,165,000 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 |
|---|---|---|---|
| €1,165,000 | £964,981 | £1,001,259 | £36,278 |
| Property Price € | €1,165,000 |
| Minimum cost in the last six months | £964,981 |
| Maximum cost in the last six months | £1,001,259 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,278 |
Madrid, Madrid, Spain, 28009
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 €1,165,000 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 |
|---|---|---|---|
| €1,165,000 | £964,981 | £1,001,259 | £36,278 |
| Property Price € | €1,165,000 |
| Minimum cost in the last six months | £964,981 |
| Maximum cost in the last six months | £1,001,259 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,278 |
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 £36,278 more.
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