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This new development can be found in the El Madronal residential area, near Costa Adeje
Adeje, Tenerife, Spain, 38670
REF: 936612
€580,000
Description
This new development can be found in the El Madronal residential area, near Costa Adeje. El Madronal is about 10 minutes away from the Costa Adeje and El Duque beaches, which are known for their stunning beauty. This is a particularly attractive neighbourhood since it has the peace and quiet of a residential area while still being only a five-minute walk from the X-Sur shopping centre, which has a variety of shops, pubs, restaurants, and a movie theatre. This project is going to be developed in two phases and it will have a total of 67 luxury apartments with 1, 2, or 3 bedrooms. These apartments will be spread out over three floors and centred around a stunning heated swimming pool and beautiful green tropical gardens. Each unit will come equipped with a separate storage area as well as an underground parking spot. All the properties have been designed to make the most of the light and views. This means that the living room and all the bedrooms have been positioned to the front with direct access to the large private terrace with sea, mountain or swimming pool views. The fully equipped kitchen will have a modern layout and appliances made by Bosch or a comparable brand. Each of the bedrooms comes equipped with its own built-in wardrobe, and the en suite bathroom of the master bedroom will have a rain shower. Views of the ocean, heated pool, mountains or the surrounding gardens may be available depending on the apartment you choose. Construction is scheduled to begin in 2022 and is expected to be finished in 2025. Please contact us for more information about availability and pricing of other units. Liability: Please note The Property Gallery receives property information, documents, plans, etc. From the seller and it isn't always possible to verify it. While The Property Gallery requests correct information from the seller, we recommend seeking independent legal advice to verify property documents and details prior to any property purchase. Therefore it is the responsibility of our clients to ensure that the information and details about the property is correct. All written offers are non-binding, may be subject to errors, price changes prior to the sale or withdrawal from the market without prior notice.[IW]
This new development can be found in the El Madronal residential area, near Costa Adeje. El Madronal is about 10 minutes away from the Costa Adeje and El Duque beaches, which are known for their stunning beauty. This is a particularly attractive neighbourhood since it has the peace and quiet of a residential area while still being only a five-minute walk from the X-Sur shopping centre, which has a variety of shops, pubs, restaurants, and a movie theatre. This project is going to be developed in two phases and it will have a total of 67 luxury apartments with 1, 2, or 3 bedrooms. These apartments will be spread out over three floors and centred around a stunning heated swimming pool and beautiful green tropical gardens. Each unit will come equipped with a separate storage area as well as an underground parking spot. All the properties have been designed to make the most of the light and views. This means that the living room and all the bedrooms have been positioned to the front with direct access to the large private terrace with sea, mountain or swimming pool views. The fully equipped kitchen will have a modern layout and appliances made by Bosch or a comparable brand. Each of the bedrooms comes equipped with its own built-in wardrobe, and the en suite bathroom of the master bedroom will have a rain shower. Views of the ocean, heated pool, mountains or the surrounding gardens may be available depending on the apartment you choose. Construction is scheduled to begin in 2022 and is expected to be finished in 2025. Please contact us for more information about availability and pricing of other units. Liability: Please note The Property Gallery receives property information, documents, plans, etc. From the seller and it isn't always possible to verify it. While The Property Gallery requests correct information from the seller, we recommend seeking independent legal advice to verify property documents and details prior to any property purchase. Therefore it is the responsibility of our clients to ensure that the information and details about the property is correct. All written offers are non-binding, may be subject to errors, price changes prior to the sale or withdrawal from the market without prior notice.[IW]
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Currency Exchange
Adeje, Tenerife, Spain, 38670
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 €580,000 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 |
|---|---|---|---|
| €580,000 | £477,862 | £490,732 | £12,870 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £477,862 |
| Maximum cost in the last six months | £490,732 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,870 |
Adeje, Tenerife, Spain, 38670
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 €580,000 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 |
|---|---|---|---|
| €580,000 | £477,862 | £490,732 | £12,870 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £477,862 |
| Maximum cost in the last six months | £490,732 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,870 |
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 £12,870 more.
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