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Charming property for sale in Salento
LE, Puglia, Italy
REF: 152468
€310,000
Description
In the historic center of Galatone, between medieval and baroque architecture, few km from the wonderful beaches of the Ionian coast, a splendid 1400's residence, partly restored, with a surface of about 500 square meters. The building, develops on two levels, and presents on the ground floor, of about 200sqm, a large entrance door that leads into a typical courtyard, here we find six rooms with four independent entrances and a staircase that connects the upper floor, where there're underlined the typical star and barrel vaults of Salento architecture. The rooms, in good static conditions, require renovation to make them habitable and turn them into one or more independent apartments. From the internal courtyard, where we find a cellar, a comfortable staircase leads to the first floor, where the dwelling is located. Renovated in 2006, is composed by a double and bright living room, a study, kitchen with fireplace, bedroom and bathroom, as well as a charming alcove used as a bedroom, located in the mezzanine floor. The house, thanks to the high windows and the numerous external and internal views, turns out to be very bright and is embellished by high star and barrel vaulted ceilings with stone on sight, while as evidence of its historicity, they have been brought to light numerous original frescoes and frames of the time. The property presents cooling system and heating system and its embellished by two fireplace and a 200sqm terraces. A charming property, with great potential, thanks to its strategic location, just 30 minutes from Lecce and 5 km from the beautiful beaches of Santa Maria al Bagno and 8 km from Gallipoli, which is ideal to be used partly as a private residence and partly as a tourist accommodation, thanks also to the large size available. Otranto and the Adriatic coast, is about 42 km away, while Brindisi airport is 70 km away.
In the historic center of Galatone, between medieval and baroque architecture, few km from the wonderful beaches of the Ionian coast, a splendid 1400's residence, partly restored, with a surface of about 500 square meters. The building, develops on two levels, and presents on the ground floor, of about 200sqm, a large entrance door that leads into a typical courtyard, here we find six rooms with four independent entrances and a staircase that connects the upper floor, where there're underlined the typical star and barrel vaults of Salento architecture. The rooms, in good static conditions, require renovation to make them habitable and turn them into one or more independent apartments. From the internal courtyard, where we find a cellar, a comfortable staircase leads to the first floor, where the dwelling is located. Renovated in 2006, is composed by a double and bright living room, a study, kitchen with fireplace, bedroom and bathroom, as well as a charming alcove used as a bedroom, located in the mezzanine floor. The house, thanks to the high windows and the numerous external and internal views, turns out to be very bright and is embellished by high star and barrel vaulted ceilings with stone on sight, while as evidence of its historicity, they have been brought to light numerous original frescoes and frames of the time. The property presents cooling system and heating system and its embellished by two fireplace and a 200sqm terraces. A charming property, with great potential, thanks to its strategic location, just 30 minutes from Lecce and 5 km from the beautiful beaches of Santa Maria al Bagno and 8 km from Gallipoli, which is ideal to be used partly as a private residence and partly as a tourist accommodation, thanks also to the large size available. Otranto and the Adriatic coast, is about 42 km away, while Brindisi airport is 70 km away.
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Currency Exchange
LE, Puglia, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €310,000 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 |
|---|---|---|---|
| €310,000 | £263,714 | £271,727 | £8,014 |
| Property Price € | €310,000 |
| Minimum cost in the last six months | £263,714 |
| Maximum cost in the last six months | £271,727 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,014 |
LE, Puglia, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €310,000 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 |
|---|---|---|---|
| €310,000 | £263,714 | £271,727 | £8,014 |
| Property Price € | €310,000 |
| Minimum cost in the last six months | £263,714 |
| Maximum cost in the last six months | £271,727 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,014 |
The exchange rate on the day you make an offer on your property in Italy 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 £8,014 more.
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