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House
El Madronal, Tenerife, Spain
REF: 983302
€950,000
Description
This beautifully presented semi detached villa enjoys brilliant views of the ocean and coastline and is located in a quiet residential area close to all amenities and the vibrant beaches of Costa Adeje. The villa is in lovely condition and very spacious with 3 bedrooms 2 bathrooms, 1 WC, a family orientated living area with large kitchen diner flowing through to the comfortable lounge and fantastic terraces with sunloungers, sofas, dining area and a heated swimming pool. There are various other terraces and lush mature gardens to the rear. The lower floor boasts a utility area, large store room and a huge garage for at least 5 vehicles. The current owners enjoy it year round for glorious family holidays and also receive a substantial yield from tourist rentals as the property holds a full VV licence. A beautiful property and a very sound investment opportunity.
This beautifully presented semi detached villa enjoys brilliant views of the ocean and coastline and is located in a quiet residential area close to all amenities and the vibrant beaches of Costa Adeje. The villa is in lovely condition and very spacious with 3 bedrooms 2 bathrooms, 1 WC, a family orientated living area with large kitchen diner flowing through to the comfortable lounge and fantastic terraces with sunloungers, sofas, dining area and a heated swimming pool. There are various other terraces and lush mature gardens to the rear. The lower floor boasts a utility area, large store room and a huge garage for at least 5 vehicles. The current owners enjoy it year round for glorious family holidays and also receive a substantial yield from tourist rentals as the property holds a full VV licence. A beautiful property and a very sound investment opportunity.
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Currency Exchange
El Madronal, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £784,092 | £824,686 | £40,594 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £784,092 |
| Maximum cost in the last six months | £824,686 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,594 |
El Madronal, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £784,092 | £824,686 | £40,594 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £784,092 |
| Maximum cost in the last six months | £824,686 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,594 |
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 £40,594 more.
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