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**Investor s Dream Renovation Opportunity with Incredible ROI Potential!**This **corner 1-bedroom apartment** with a **communal pool** and **breathtaking sea views** is an ideal investment property waiting for a renovation
Finestrat, Alicante, Spain
REF: 939550
€189,000
Description
**Investor s Dream Renovation Opportunity with Incredible ROI Potential!**This **corner 1-bedroom apartment** with a **communal pool** and **breathtaking sea views** is an ideal investment property waiting for a renovation. Situated just **50 metres from the beach** in Cala de Finestrat, this apartment offers incredible potential to modernize and capitalize on its prime location.Whether you re looking for a year-round residence, a charming holiday home, or a profitable rental investment, this property offers endless possibilities. With some updates, you can easily transform it into a comfortable full-time home, a serene seasonal retreat, or a stylish rental that could generate significant returns.Located on the **4th floor**, the apartment features a **spacious double bedroom** with built-in wardrobes, a **family bathroom**, an **open-plan American kitchen**, and a **bright living/dining area** leading to a **year-round terrace** with stunning sea views. The corner positioning provides an additional side terrace, perfect for extra storage, a laundry area, or to enhance the living space.The apartment already includes **hot & cold air conditioning**, **satellite TV**, **landline**, and **broadband** all ready to go. The urbanization is equipped with **two lifts**, a **communal pool** with a shower, and a **large south-facing sun terrace** to soak up the sun year-round. Only steps away from **Cala de Finestrat's beach**, the apartment is within walking distance to essential amenities like shops, bars, restaurants, supermarkets, a pharmacy, bakery, bank, and bus stops. Community Fees: 650 for 6 months This includes water (as the apartments do not have individual water meters, it s a fixed rate of approximately 35 per month).Basura (Waste Collection): 105 per year.Don t miss out on this **fantastic investment opportunity** to achieve an excellent return on investment in a highly sought-after location!
**Investor s Dream Renovation Opportunity with Incredible ROI Potential!**This **corner 1-bedroom apartment** with a **communal pool** and **breathtaking sea views** is an ideal investment property waiting for a renovation. Situated just **50 metres from the beach** in Cala de Finestrat, this apartment offers incredible potential to modernize and capitalize on its prime location.Whether you re looking for a year-round residence, a charming holiday home, or a profitable rental investment, this property offers endless possibilities. With some updates, you can easily transform it into a comfortable full-time home, a serene seasonal retreat, or a stylish rental that could generate significant returns.Located on the **4th floor**, the apartment features a **spacious double bedroom** with built-in wardrobes, a **family bathroom**, an **open-plan American kitchen**, and a **bright living/dining area** leading to a **year-round terrace** with stunning sea views. The corner positioning provides an additional side terrace, perfect for extra storage, a laundry area, or to enhance the living space.The apartment already includes **hot & cold air conditioning**, **satellite TV**, **landline**, and **broadband** all ready to go. The urbanization is equipped with **two lifts**, a **communal pool** with a shower, and a **large south-facing sun terrace** to soak up the sun year-round. Only steps away from **Cala de Finestrat's beach**, the apartment is within walking distance to essential amenities like shops, bars, restaurants, supermarkets, a pharmacy, bakery, bank, and bus stops. Community Fees: 650 for 6 months This includes water (as the apartments do not have individual water meters, it s a fixed rate of approximately 35 per month).Basura (Waste Collection): 105 per year.Don t miss out on this **fantastic investment opportunity** to achieve an excellent return on investment in a highly sought-after location!
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Currency Exchange
Finestrat, Alicante, 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 €189,000 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 |
|---|---|---|---|
| €189,000 | £155,717 | £164,069 | £8,352 |
| Property Price € | €189,000 |
| Minimum cost in the last six months | £155,717 |
| Maximum cost in the last six months | £164,069 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,352 |
Finestrat, Alicante, 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 €189,000 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 |
|---|---|---|---|
| €189,000 | £155,717 | £164,069 | £8,352 |
| Property Price € | €189,000 |
| Minimum cost in the last six months | £155,717 |
| Maximum cost in the last six months | £164,069 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,352 |
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 £8,352 more.
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