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Lucas Fox Madrid presents this exclusive apartment, located in the prestigious Recoletos neighbourhood in the Salamanca district
Madrid, Madrid, Spain, 28001
REF: 780748
€3,600,000
Description
Lucas Fox Madrid presents this exclusive apartment, located in the prestigious Recoletos neighbourhood in the Salamanca district. It is presented as a unique investment opportunity in the heart of Madrid, with an incomparable location on the vibrant Hermosilla street. The property is presented to renovate. However, because its previous renovation is not very old, a redistribution or update could be done. Several optional projects of the buyer's choice are presented for an additional price. The property is located in a classic building , with notable architectural details, such as six balcony windows that overlook the bustling Hermosilla Street. Upon entering, we find a spacious entrance hall with three-meter-high ceilings that maximize the feeling of spaciousness. The property has plaster moldings and natural wooden floors , among other finishes, although they could be redesigned to the buyer's taste. The strategic location of the property in Recoletos adds unmatched value. This neighbourhood, known for its elegance and exceptional quality of life, offers luxury shops, gourmet restaurants and art galleries. The proximity to points of cultural and tourist interest, as well as the constant demand for housing in the area, ensure not only the stability of the property value, but also a significant potential return on investment.
Lucas Fox Madrid presents this exclusive apartment, located in the prestigious Recoletos neighbourhood in the Salamanca district. It is presented as a unique investment opportunity in the heart of Madrid, with an incomparable location on the vibrant Hermosilla street. The property is presented to renovate. However, because its previous renovation is not very old, a redistribution or update could be done. Several optional projects of the buyer's choice are presented for an additional price. The property is located in a classic building , with notable architectural details, such as six balcony windows that overlook the bustling Hermosilla Street. Upon entering, we find a spacious entrance hall with three-meter-high ceilings that maximize the feeling of spaciousness. The property has plaster moldings and natural wooden floors , among other finishes, although they could be redesigned to the buyer's taste. The strategic location of the property in Recoletos adds unmatched value. This neighbourhood, known for its elegance and exceptional quality of life, offers luxury shops, gourmet restaurants and art galleries. The proximity to points of cultural and tourist interest, as well as the constant demand for housing in the area, ensure not only the stability of the property value, but also a significant potential return on investment.
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Currency Exchange
Madrid, Madrid, Spain, 28001
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 €3,600,000 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 |
|---|---|---|---|
| €3,600,000 | £3,062,484 | £3,155,364 | £92,880 |
| Property Price € | €3,600,000 |
| Minimum cost in the last six months | £3,062,484 |
| Maximum cost in the last six months | £3,155,364 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £92,880 |
Madrid, Madrid, Spain, 28001
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 €3,600,000 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 |
|---|---|---|---|
| €3,600,000 | £3,062,484 | £3,155,364 | £92,880 |
| Property Price € | €3,600,000 |
| Minimum cost in the last six months | £3,062,484 |
| Maximum cost in the last six months | £3,155,364 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £92,880 |
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 £92,880 more.
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