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SUPERB DUPLEX IN LA CALATRAVA NEIGHBOURHOOD
Palma, Spain
REF: 589037
€1,295,000
Description
La Calatrava is currently the most popular neighborhood in the Old Town of Palma. In its quiet streets and behind its magnificent gates, the traces of our Majorcan culture are hidden. Roots that are still present in this neighborhood that welcomed Jews, Christians and Muslims. It is precisely this admiration for the Majorcan culture and its history that led the current owner of this duplex to undertake a challenging renovation project that allowed the discovery and preservation of important archaeological elements. Thus, the ground floor and the first floor were unified in a duplex of open spaces with a relaxing and comfortable atmosphere. A discreet glass door at street level leads to the hall of the apartment. We advance and soon the space opens up and is flooded with light that passes through the glass structures present on the ceiling, floor and walls. The historical mar s arches, carefully illuminated, frame a room that combines luxury with the calm of its natural materials. It is in this space that the Gaggenau designer kitchen is integrated into a bright dining room flanked by two charming patios. The dining room preserves the remains of an old Muslim leather tannery. Next to the kitchen we find an impressive wine cellar which is actually an old Arab water tank. On this floor we also find a complete bathroom, the laundry and the machine room that houses a sophisticated aerothermal system that provides heating, underfloor heating, air conditioning and hot water that allows savings of up to 60% on electricity bills without polluting the environment since it does not require fuel. Carefully designed stairs lead us to the first floor where light is once again the protagonist. First of all we find the living room with two rooms and access to a sunny terrace. A stone fireplace, which has been preserved intact, contributes to the well-being that this room offers. On this floor we also find a double bedroom with access to the terrace, a full bathroom and the master bedroom with a dressing room and a magnificent bathroom that invites you to take long baths. It is undoubtedly a jewel that is the result of appreciation for our culture, the efficiency and precision of its restorers. A home where the traditional and the contemporary come together and that offers comfort and well-being while respecting the environment. #ref:CBPM102
La Calatrava is currently the most popular neighborhood in the Old Town of Palma. In its quiet streets and behind its magnificent gates, the traces of our Majorcan culture are hidden. Roots that are still present in this neighborhood that welcomed Jews, Christians and Muslims. It is precisely this admiration for the Majorcan culture and its history that led the current owner of this duplex to undertake a challenging renovation project that allowed the discovery and preservation of important archaeological elements. Thus, the ground floor and the first floor were unified in a duplex of open spaces with a relaxing and comfortable atmosphere. A discreet glass door at street level leads to the hall of the apartment. We advance and soon the space opens up and is flooded with light that passes through the glass structures present on the ceiling, floor and walls. The historical mar s arches, carefully illuminated, frame a room that combines luxury with the calm of its natural materials. It is in this space that the Gaggenau designer kitchen is integrated into a bright dining room flanked by two charming patios. The dining room preserves the remains of an old Muslim leather tannery. Next to the kitchen we find an impressive wine cellar which is actually an old Arab water tank. On this floor we also find a complete bathroom, the laundry and the machine room that houses a sophisticated aerothermal system that provides heating, underfloor heating, air conditioning and hot water that allows savings of up to 60% on electricity bills without polluting the environment since it does not require fuel. Carefully designed stairs lead us to the first floor where light is once again the protagonist. First of all we find the living room with two rooms and access to a sunny terrace. A stone fireplace, which has been preserved intact, contributes to the well-being that this room offers. On this floor we also find a double bedroom with access to the terrace, a full bathroom and the master bedroom with a dressing room and a magnificent bathroom that invites you to take long baths. It is undoubtedly a jewel that is the result of appreciation for our culture, the efficiency and precision of its restorers. A home where the traditional and the contemporary come together and that offers comfort and well-being while respecting the environment. #ref:CBPM102
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Currency Exchange
Palma, 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 €1,295,000 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 |
|---|---|---|---|
| €1,295,000 | £1,101,644 | £1,135,119 | £33,476 |
| Property Price € | €1,295,000 |
| Minimum cost in the last six months | £1,101,644 |
| Maximum cost in the last six months | £1,135,119 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,476 |
Palma, 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 €1,295,000 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 |
|---|---|---|---|
| €1,295,000 | £1,101,644 | £1,135,119 | £33,476 |
| Property Price € | €1,295,000 |
| Minimum cost in the last six months | £1,101,644 |
| Maximum cost in the last six months | £1,135,119 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,476 |
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 £33,476 more.
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