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Gravedona Reference: 4512
Gravedona, Lake Como, Italy
REF: 341294
€150,000
Description
This spacious 1 bedroom portion of a village house with lovely lake views, plus a further property to complete is located in the hamlet of Piumona, just 1.5km from the lake and all amenities at Gravedona on the northern shore of Lake Como, some 17km north of Menaggio and about 90 minutes from Milan airports. The property is some 125m2 in size and laid out as follows: Lower ground floor of some 55m2: 2 characteristic cantina in stone as well as a storage room. Raised floor of some 70m2: Living room with corner kitchen and spacious terrace, dining room, bedroom, bathroom and storage room. The property has a garden of some 80m2 where there is a property which requires completion but provides a further 60m2 of accommodation. The main property has gas, electricity and water, and is immediately habitable, whilst the further rustic property could create further accommodation which could be ideal as a rental investment. There is also easy road access to the property with the possibility to create a garage if desired. Excellent opportunity. Price 150.000 Euros
This spacious 1 bedroom portion of a village house with lovely lake views, plus a further property to complete is located in the hamlet of Piumona, just 1.5km from the lake and all amenities at Gravedona on the northern shore of Lake Como, some 17km north of Menaggio and about 90 minutes from Milan airports. The property is some 125m2 in size and laid out as follows: Lower ground floor of some 55m2: 2 characteristic cantina in stone as well as a storage room. Raised floor of some 70m2: Living room with corner kitchen and spacious terrace, dining room, bedroom, bathroom and storage room. The property has a garden of some 80m2 where there is a property which requires completion but provides a further 60m2 of accommodation. The main property has gas, electricity and water, and is immediately habitable, whilst the further rustic property could create further accommodation which could be ideal as a rental investment. There is also easy road access to the property with the possibility to create a garage if desired. Excellent opportunity. Price 150.000 Euros
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Currency Exchange
Gravedona, Lake Como, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £127,604 | £131,481 | £3,878 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £127,604 |
| Maximum cost in the last six months | £131,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,878 |
Gravedona, Lake Como, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £127,604 | £131,481 | £3,878 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £127,604 |
| Maximum cost in the last six months | £131,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,878 |
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 £3,878 more.
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