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Lenno Ref: 4938
Lenno, Lake Como, Italy
REF: 477584
€490,000
Description
This large 6 bedroom detached house with private garden, which requires modernisation and is currently divided into 2 separate apartments, is located in a residential area in Lenno, has lake views and is close to all amenities. The house, provides about 250m2 of accommodation currently with one apartment on the ground floor and the other on the first floor as well as a garage, cellar and boiler room in the basement. Each apartment of about 125m2 currently consists of an entrance hall, living room that opens onto a balcony, kitchen opening onto a covered terrace, 3 bedrooms and a bathroom. The house has an additional external garage in the garden. This is an extremely spacious detached house which with modernisation could create one large home or be an excellent investment opportunity as the two large apartments would provide a very good rental income. Every Tuesday, Lenno plays host to a very picturesque market that runs along the lakeside, where shoppers can find a variety of local products. All amenities including supermarkets, restaurant and cafe are available within 200 metres of the property. The separate purchase of either apartment may be possible at a price to be discussed based upon the requirements of the purchaser. Excellent investment opportunity. Price 490,000 EurosCasa Travella Ltd.
This large 6 bedroom detached house with private garden, which requires modernisation and is currently divided into 2 separate apartments, is located in a residential area in Lenno, has lake views and is close to all amenities. The house, provides about 250m2 of accommodation currently with one apartment on the ground floor and the other on the first floor as well as a garage, cellar and boiler room in the basement. Each apartment of about 125m2 currently consists of an entrance hall, living room that opens onto a balcony, kitchen opening onto a covered terrace, 3 bedrooms and a bathroom. The house has an additional external garage in the garden. This is an extremely spacious detached house which with modernisation could create one large home or be an excellent investment opportunity as the two large apartments would provide a very good rental income. Every Tuesday, Lenno plays host to a very picturesque market that runs along the lakeside, where shoppers can find a variety of local products. All amenities including supermarkets, restaurant and cafe are available within 200 metres of the property. The separate purchase of either apartment may be possible at a price to be discussed based upon the requirements of the purchaser. Excellent investment opportunity. Price 490,000 EurosCasa Travella Ltd.
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Currency Exchange
Lenno, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
Lenno, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
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 £12,667 more.
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