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Detached House
Colmenar, Málaga, Spain
REF: 440906
€265,000
Description
Detached House. 4 Bedrooms, 2 Bathrooms. Terrace and Patio. Excellent potential to create a B&B or home and income. A spacious detached family home distributed over 2 floors. Opportunity to create a minimum 7-bed property for use either as an individual property, a Bed&Breakfast business or a property with private owner/ living accommodation plus 3 separate rental units. Ideally set on the edge of the beautiful white village of Colmenar enjoying spectacular views across the valley, this detached home has been partially renovated by the current owners. Owners accommodation / First floor: Fully renovated to the highest standard. Comprises of a large living room with an American-style kitchen, patio doors lead to a wrap-around terrace above an internal courtyard. Large dining room with patio doors to a pretty dining terrace with stunning views. Bed 1 - large bedroom, patio doors to Juliet balcony, extra large wardrobes. Bed 2 - huge master bedroom, patio doors to Juliet balcony, wall of wardrobes (space to create an en-suite if needed) Bed 3 & 4 - 2 large double bedrooms, fitted wardrobes, overlooking the internal courtyard. Extremely large bathroom with corner bath, twin sinks and plenty of storage units. Wrap-around balcony leads to a utility room/lavadero and 2nd bathroom. Stairs lead down to an internal courtyard and up to a 25m2 roof terrace and a 20m2 storage room (could be used for additional accommodation) Ground floor: Currently divided into a garage and 3 separate units One of which has been completed. Centre apartment comprises of a large living room/kitchen Bathroom with shower Bedroom plus additional room (currently used as a dressing room) Two further areas/apartments not yet fully completed. Opportunity for a blank canvas to create either further living/rental accommodation or office space. Overview: Colmenar is situated approx 20 minutes from the beach and malaga airport and offers numerous bars, shops, restaurants, medical centre, banks and excellent public transport.
Detached House. 4 Bedrooms, 2 Bathrooms. Terrace and Patio. Excellent potential to create a B&B or home and income. A spacious detached family home distributed over 2 floors. Opportunity to create a minimum 7-bed property for use either as an individual property, a Bed&Breakfast business or a property with private owner/ living accommodation plus 3 separate rental units. Ideally set on the edge of the beautiful white village of Colmenar enjoying spectacular views across the valley, this detached home has been partially renovated by the current owners. Owners accommodation / First floor: Fully renovated to the highest standard. Comprises of a large living room with an American-style kitchen, patio doors lead to a wrap-around terrace above an internal courtyard. Large dining room with patio doors to a pretty dining terrace with stunning views. Bed 1 - large bedroom, patio doors to Juliet balcony, extra large wardrobes. Bed 2 - huge master bedroom, patio doors to Juliet balcony, wall of wardrobes (space to create an en-suite if needed) Bed 3 & 4 - 2 large double bedrooms, fitted wardrobes, overlooking the internal courtyard. Extremely large bathroom with corner bath, twin sinks and plenty of storage units. Wrap-around balcony leads to a utility room/lavadero and 2nd bathroom. Stairs lead down to an internal courtyard and up to a 25m2 roof terrace and a 20m2 storage room (could be used for additional accommodation) Ground floor: Currently divided into a garage and 3 separate units One of which has been completed. Centre apartment comprises of a large living room/kitchen Bathroom with shower Bedroom plus additional room (currently used as a dressing room) Two further areas/apartments not yet fully completed. Opportunity for a blank canvas to create either further living/rental accommodation or office space. Overview: Colmenar is situated approx 20 minutes from the beach and malaga airport and offers numerous bars, shops, restaurants, medical centre, banks and excellent public transport.
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Currency Exchange
Colmenar, Málaga, 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 €265,000 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 |
|---|---|---|---|
| €265,000 | £225,433 | £231,989 | £6,556 |
| Property Price € | €265,000 |
| Minimum cost in the last six months | £225,433 |
| Maximum cost in the last six months | £231,989 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,556 |
Colmenar, Málaga, 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 €265,000 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 |
|---|---|---|---|
| €265,000 | £225,433 | £231,989 | £6,556 |
| Property Price € | €265,000 |
| Minimum cost in the last six months | £225,433 |
| Maximum cost in the last six months | £231,989 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,556 |
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 £6,556 more.
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