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Investment Opportunity in Torrevieja, Aguas Nuevas Price: €175,000 Discover potential in this semidetached property nestled in the sought-after area of Torrevieja, Aguas Nuevas
Aguas Nuevas, Alicante (Costa Blanca), Spain
REF: 821814
€175,000
Description
Investment Opportunity in Torrevieja, Aguas Nuevas Price: €175,000 Discover potential in this semidetached property nestled in the sought-after area of Torrevieja, Aguas Nuevas. While this property presents an excellent investment opportunity, please note that it is currently occupied by squatters, hindering physical visits. As a result, we are unable to provide insights into the interior condition of the property. Property Highlights: Location: Situated in the desirable area of Aguas Nuevas, this property boasts proximity to various amenities, including shops, restaurants, schools, and beautiful beaches. Investment Potential: With some vision and investment, this property could yield lucrative returns. Whether you're looking to renovate and resell or generate rental income, this property holds promise for various investment strategies. Semidetached Design: Offering the privacy of a detached home while retaining the affordability of a semidetached property, this residence presents an attractive option for buyers seeking space and independence. Please Note: Squatter Occupancy: Due to the presence of squatters, visits to the property's interior are not feasible at this time. As such, prospective buyers should conduct thorough due diligence and seek legal advice regarding the eviction process before proceeding with any purchase. Interior Condition: As we are unable to assess the condition of the interior, the property is being sold in its current state. Don't miss out on this rare investment opportunity in Torrevieja's Aguas Nuevas neighborhood. Contact us today to learn more about this property and explore its potential!
Investment Opportunity in Torrevieja, Aguas Nuevas Price: €175,000 Discover potential in this semidetached property nestled in the sought-after area of Torrevieja, Aguas Nuevas. While this property presents an excellent investment opportunity, please note that it is currently occupied by squatters, hindering physical visits. As a result, we are unable to provide insights into the interior condition of the property. Property Highlights: Location: Situated in the desirable area of Aguas Nuevas, this property boasts proximity to various amenities, including shops, restaurants, schools, and beautiful beaches. Investment Potential: With some vision and investment, this property could yield lucrative returns. Whether you're looking to renovate and resell or generate rental income, this property holds promise for various investment strategies. Semidetached Design: Offering the privacy of a detached home while retaining the affordability of a semidetached property, this residence presents an attractive option for buyers seeking space and independence. Please Note: Squatter Occupancy: Due to the presence of squatters, visits to the property's interior are not feasible at this time. As such, prospective buyers should conduct thorough due diligence and seek legal advice regarding the eviction process before proceeding with any purchase. Interior Condition: As we are unable to assess the condition of the interior, the property is being sold in its current state. Don't miss out on this rare investment opportunity in Torrevieja's Aguas Nuevas neighborhood. Contact us today to learn more about this property and explore its potential!
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Currency Exchange
Aguas Nuevas, Alicante (Costa Blanca), 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £148,871 | £153,200 | £4,330 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £148,871 |
| Maximum cost in the last six months | £153,200 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,330 |
Aguas Nuevas, Alicante (Costa Blanca), 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £148,871 | £153,200 | £4,330 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £148,871 |
| Maximum cost in the last six months | £153,200 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,330 |
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 £4,330 more.
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