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Rare - Situated on the hills above Le Cannet, in a dominant position overlooking the harbour of Cannes and the mountains of Esterel, facing south-west, exceptional potential for this charming Provencal-style family bastide of approx
LE CANNET, French Riviera, France, 06110
REF: 811799
€9,900,000
Description
Rare - Situated on the hills above Le Cannet, in a dominant position overlooking the harbour of Cannes and the mountains of Esterel, facing south-west, exceptional potential for this charming Provencal-style family bastide of approx. 450 m2. Terraced grounds of approx. 4,691 m2 planted with magnificent olive trees and century-old oaks, swimming pool, 2-car garage, separate guest house or guardian's house, independent suite. Renovation work will bring back the nobility, charm and authenticity of its construction, tarnished by the years, and provide all the comfort needed for today's family life. (Possibility of building a contemporary property of 1000 m2 - Planning permission accepted and currently valid).
Rare - Situated on the hills above Le Cannet, in a dominant position overlooking the harbour of Cannes and the mountains of Esterel, facing south-west, exceptional potential for this charming Provencal-style family bastide of approx. 450 m2. Terraced grounds of approx. 4,691 m2 planted with magnificent olive trees and century-old oaks, swimming pool, 2-car garage, separate guest house or guardian's house, independent suite. Renovation work will bring back the nobility, charm and authenticity of its construction, tarnished by the years, and provide all the comfort needed for today's family life. (Possibility of building a contemporary property of 1000 m2 - Planning permission accepted and currently valid).
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Currency Exchange
LE CANNET, French Riviera, France, 06110
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France 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 €9,900,000 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 |
|---|---|---|---|
| €9,900,000 | £8,421,831 | £8,677,746 | £255,915 |
| Property Price € | €9,900,000 |
| Minimum cost in the last six months | £8,421,831 |
| Maximum cost in the last six months | £8,677,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £255,915 |
LE CANNET, French Riviera, France, 06110
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France 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 €9,900,000 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 |
|---|---|---|---|
| €9,900,000 | £8,421,831 | £8,677,746 | £255,915 |
| Property Price € | €9,900,000 |
| Minimum cost in the last six months | £8,421,831 |
| Maximum cost in the last six months | £8,677,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £255,915 |
The exchange rate on the day you make an offer on your property in France 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 £255,915 more.
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