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House
Vilaflor, Tenerife, Spain
REF: 725239
€1,250,000
Description
Finca with restaurant and accommodation. Morfitt Properties are pleased to offer for sale this unique property located in the rural village of La Escalona, Vilaflor. The property which occupies a plot of 3300m2 offers 2 buildings. The main building at present, with a very rustic feel, offers 5 bedrooms 4 with en-suite bathrooms, a large kitchen (with restaurante license),terraced area and a separate dining area. The 2nd building which is more modern offers, good size "winter garden" at the entrance, large communal kitchen area, and 4 double bedrooms all with en-suite shower-rooms and separate access to the terraced area, giving the opportunity to rent the building as one unit or to individual guests. The exterior of this property offers gated entrance to the grounds, ample car parking, numerous sunny terraces with great views, and garden area. The property is connected to the mains electricity but generates most of its energy from solar panels. It also recycles all waste water through a natural cleaning system, leaving water for the irrigation of the garden. This is a unique property with many possibilities and avenues to follow, retreats, hiking trips, restaurant, B&B etc.....
Finca with restaurant and accommodation. Morfitt Properties are pleased to offer for sale this unique property located in the rural village of La Escalona, Vilaflor. The property which occupies a plot of 3300m2 offers 2 buildings. The main building at present, with a very rustic feel, offers 5 bedrooms 4 with en-suite bathrooms, a large kitchen (with restaurante license),terraced area and a separate dining area. The 2nd building which is more modern offers, good size "winter garden" at the entrance, large communal kitchen area, and 4 double bedrooms all with en-suite shower-rooms and separate access to the terraced area, giving the opportunity to rent the building as one unit or to individual guests. The exterior of this property offers gated entrance to the grounds, ample car parking, numerous sunny terraces with great views, and garden area. The property is connected to the mains electricity but generates most of its energy from solar panels. It also recycles all waste water through a natural cleaning system, leaving water for the irrigation of the garden. This is a unique property with many possibilities and avenues to follow, retreats, hiking trips, restaurant, B&B etc.....
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Currency Exchange
Vilaflor, Tenerife, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,063,363 | £1,095,675 | £32,313 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,063,363 |
| Maximum cost in the last six months | £1,095,675 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,313 |
Vilaflor, Tenerife, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,063,363 | £1,095,675 | £32,313 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,063,363 |
| Maximum cost in the last six months | £1,095,675 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,313 |
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 £32,313 more.
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