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Apartment
Alicante, Costa Blanca, Spain
REF: 989610
€160,000
Description
Ground floor home to renovate, ideal for investors, in the Carolinas Bajas neighborhood, Alicante. It is a very interesting house on the ground floor, although there are some steps to enter that make it more of a mezzanine. It currently includes 4 bedrooms, bathroom, living room, kitchen and laundry room. The house is in original condition. Although it is currently habitable, a renovation would be advisable, which will be more or less extensive depending on the needs of the buyer or the use to which it is intended. Located in the Carolinas Bajas neighborhood, very close to the Las Cigarreras cultural center former Tabacalera, Plaza de España, Plaza de Toros and Plaza Pio XII, surrounded by all types of services, shops and public transportation. The bus stop is just 50 meters away. Very close to the center of Alicante, just 10 minutes walking to the Central Market and 20 minutes to the beach. It is a VERY INTERESTING property for investors who want to obtain a good return through rental, whether long-term or tourist. Also for families who want to live near the center of Alicante, but in a very quiet area with little traffic.
Ground floor home to renovate, ideal for investors, in the Carolinas Bajas neighborhood, Alicante. It is a very interesting house on the ground floor, although there are some steps to enter that make it more of a mezzanine. It currently includes 4 bedrooms, bathroom, living room, kitchen and laundry room. The house is in original condition. Although it is currently habitable, a renovation would be advisable, which will be more or less extensive depending on the needs of the buyer or the use to which it is intended. Located in the Carolinas Bajas neighborhood, very close to the Las Cigarreras cultural center former Tabacalera, Plaza de España, Plaza de Toros and Plaza Pio XII, surrounded by all types of services, shops and public transportation. The bus stop is just 50 meters away. Very close to the center of Alicante, just 10 minutes walking to the Central Market and 20 minutes to the beach. It is a VERY INTERESTING property for investors who want to obtain a good return through rental, whether long-term or tourist. Also for families who want to live near the center of Alicante, but in a very quiet area with little traffic.
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Currency Exchange
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 €160,000 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 |
|---|---|---|---|
| €160,000 | £132,072 | £138,894 | £6,822 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £132,072 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,822 |
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 €160,000 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 |
|---|---|---|---|
| €160,000 | £132,072 | £138,894 | £6,822 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £132,072 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,822 |
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 £6,822 more.
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