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Lucas Fox presents this excellent 180 m property to renovate in a classic 1920s building with an lift in the Justicia area
Madrid, Madrid, Spain, 28004
REF: 750078
€1,650,000
Description
Lucas Fox presents this excellent 180 m property to renovate in a classic 1920s building with an lift in the Justicia area. This apartment, located in one of the most coveted areas of the city, is presented completely to renovate , so that you can renovate it to measure, depending on your preferences or needs. It has a large open-plan dining room -dining living room , a entrance hall, the kitchen, three bedrooms and two bathrooms. It offers spaciousness and great versatility for a renovation project. Its high ceilings, large windows as well as its three street-facing balconies provide abundant natural light and create a warm and welcoming atmosphere. The property has individual mains gas heating. It is located in a building with communal areas in very good condition, a modern lift and the apartment has a storage room room in the building. This apartment is sold as a renovation opportunity. It should be noted that the homes to renovate in this location have a proven track record of significant market appreciation. For more information or to schedule a visit, contact us.
Lucas Fox presents this excellent 180 m property to renovate in a classic 1920s building with an lift in the Justicia area. This apartment, located in one of the most coveted areas of the city, is presented completely to renovate , so that you can renovate it to measure, depending on your preferences or needs. It has a large open-plan dining room -dining living room , a entrance hall, the kitchen, three bedrooms and two bathrooms. It offers spaciousness and great versatility for a renovation project. Its high ceilings, large windows as well as its three street-facing balconies provide abundant natural light and create a warm and welcoming atmosphere. The property has individual mains gas heating. It is located in a building with communal areas in very good condition, a modern lift and the apartment has a storage room room in the building. This apartment is sold as a renovation opportunity. It should be noted that the homes to renovate in this location have a proven track record of significant market appreciation. For more information or to schedule a visit, contact us.
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Currency Exchange
Madrid, Madrid, Spain, 28004
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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,403,639 | £1,444,460 | £40,821 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,403,639 |
| Maximum cost in the last six months | £1,444,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,821 |
Madrid, Madrid, Spain, 28004
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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,403,639 | £1,444,460 | £40,821 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,403,639 |
| Maximum cost in the last six months | £1,444,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,821 |
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 £40,821 more.
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