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Where to begin? So, we have a 3 Bedroomed Finca in a fabulous location in Monforte Del Cid just 20-25 minutes from Alicante city, beaches and Alicante Airport with very good access for transporting horses as one of the main features are the stables and the owner holds a current license for housekee
Monforte del Cid, Alicante (Costa Blanca), Spain
REF: 959416
€299,900
Description
Where to begin? So, we have a 3 Bedroomed Finca in a fabulous location in Monforte Del Cid just 20-25 minutes from Alicante city, beaches and Alicante Airport with very good access for transporting horses as one of the main features are the stables and the owner holds a current license for housekeeping. There are 18 stables in total, a main paddock with 12 and then two other areas with four and two stables respectively. As you can see from the photos there is work to be done to bring them back to their former glory.
The property has seen little change since it was built and requires modernising and I would imagine extending but with 600m2 of land available for building this is not a problem and is reflected in the price.
There is a private swimming pool (approx 8 x 4) complete with pump and filter and a number of outbuildings including a massive garage, a very long carport to the side of the house and sheds at the main paddock where agricultural machinery can be stored.
The land for the horses is plentiful and there is a persimmon (kaki) fruit orchard that yields in the region of 20,000 minus costs of around 7,500 . The almonds also produce as do the olive trees and there are other fruit trees including figs and apricots. The owners are elderly and the farm is simply too much work for them now and they will probably move into the town although the impressive Jose Ramon has ideas of a smaller parcel of land but his wife may think differently!!There is an option to have a local farmer look after all the land and produce if you don t want to and the income would be shared, however, the yield is such that, over time, it can pay for the purchase of the property.
The property is legal and there is an agricultural water mains connection along with mains electricity. The running costs of the property are minimal and the ibi (rates) for the property and all the land comes to an annual sum of less than 1,250
The location is incredibly tranquil and private yet the town is a five-minute drive away and there is a junction for the A31 the Alicante to Madrid Autovia within three minutes. Internet is available up to 50MB.
Where to begin? So, we have a 3 Bedroomed Finca in a fabulous location in Monforte Del Cid just 20-25 minutes from Alicante city, beaches and Alicante Airport with very good access for transporting horses as one of the main features are the stables and the owner holds a current license for housekeeping. There are 18 stables in total, a main paddock with 12 and then two other areas with four and two stables respectively. As you can see from the photos there is work to be done to bring them back to their former glory.
The property has seen little change since it was built and requires modernising and I would imagine extending but with 600m2 of land available for building this is not a problem and is reflected in the price.
There is a private swimming pool (approx 8 x 4) complete with pump and filter and a number of outbuildings including a massive garage, a very long carport to the side of the house and sheds at the main paddock where agricultural machinery can be stored.
The land for the horses is plentiful and there is a persimmon (kaki) fruit orchard that yields in the region of 20,000 minus costs of around 7,500 . The almonds also produce as do the olive trees and there are other fruit trees including figs and apricots. The owners are elderly and the farm is simply too much work for them now and they will probably move into the town although the impressive Jose Ramon has ideas of a smaller parcel of land but his wife may think differently!!There is an option to have a local farmer look after all the land and produce if you don t want to and the income would be shared, however, the yield is such that, over time, it can pay for the purchase of the property.
The property is legal and there is an agricultural water mains connection along with mains electricity. The running costs of the property are minimal and the ibi (rates) for the property and all the land comes to an annual sum of less than 1,250
The location is incredibly tranquil and private yet the town is a five-minute drive away and there is a junction for the A31 the Alicante to Madrid Autovia within three minutes. Internet is available up to 50MB.
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Currency Exchange
Monforte del Cid, Alicante (Costa Blanca), 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 €299,900 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 |
|---|---|---|---|
| €299,900 | £247,088 | £260,340 | £13,253 |
| Property Price € | €299,900 |
| Minimum cost in the last six months | £247,088 |
| Maximum cost in the last six months | £260,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,253 |
Monforte del Cid, Alicante (Costa Blanca), 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 €299,900 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 |
|---|---|---|---|
| €299,900 | £247,088 | £260,340 | £13,253 |
| Property Price € | €299,900 |
| Minimum cost in the last six months | £247,088 |
| Maximum cost in the last six months | £260,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,253 |
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 £13,253 more.
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