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Maisonette in Qormi | Central
Qormi, Malta
REF: 938566
€445,000
Description
In a UCA area here is a beautiful semi-detached ground floor maisonette in a tranquil area of Qormi.Uniquely designed with two entrances who allows you to divide the house into two separate residences for investment purposes.The property consist of a welcoming room with authentic features including kileb , wooden beams, arches and stone slabs, a guest bathroom, kitchen and dining area, bathroom, and a wrought-iron staircase which leads to the roof level.Features generous living spaces, valuable commercial options, and ample potential for expansion Approved permits to construct another floor and an overlying washroom including a rooftop terrace on the next floor level, adding approx 150sqm to its existing footprint Growth potential to double the existing footprint Street-level Class 4B permit (shop/office and other commercial activity) included in the price Perfect for a new home or a property with long-term potential This is a highly cost-effective investment Full ownership of roof Airspace FreeholdGrab this special opportunity!
In a UCA area here is a beautiful semi-detached ground floor maisonette in a tranquil area of Qormi.Uniquely designed with two entrances who allows you to divide the house into two separate residences for investment purposes.The property consist of a welcoming room with authentic features including kileb , wooden beams, arches and stone slabs, a guest bathroom, kitchen and dining area, bathroom, and a wrought-iron staircase which leads to the roof level.Features generous living spaces, valuable commercial options, and ample potential for expansion Approved permits to construct another floor and an overlying washroom including a rooftop terrace on the next floor level, adding approx 150sqm to its existing footprint Growth potential to double the existing footprint Street-level Class 4B permit (shop/office and other commercial activity) included in the price Perfect for a new home or a property with long-term potential This is a highly cost-effective investment Full ownership of roof Airspace FreeholdGrab this special opportunity!
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Property on Map
Currency Exchange
Qormi, Malta
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Malta do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Malta 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 €445,000 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 |
|---|---|---|---|
| €445,000 | £366,636 | £386,300 | £19,665 |
| Property Price € | €445,000 |
| Minimum cost in the last six months | £366,636 |
| Maximum cost in the last six months | £386,300 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,665 |
Qormi, Malta
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Malta do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Malta 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 €445,000 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 |
|---|---|---|---|
| €445,000 | £366,636 | £386,300 | £19,665 |
| Property Price € | €445,000 |
| Minimum cost in the last six months | £366,636 |
| Maximum cost in the last six months | £386,300 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,665 |
The exchange rate on the day you make an offer on your property in Malta 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 £19,665 more.
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