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Ostuni Ref: 4939
Ostuni, Puglia, Italy
REF: 488199
€69,000
Description
This 3 room cottage, ready to be developed into a 2 bedroom house, sits in just under 1.5 acres of land with olive trees and sea views. The cottage is located in the countryside some 4.5km from Ostuni, 5km from Carovigno, 15 minutes to the Adriatic beaches and just 30 minutes from Brindisi airport. This cottage currently provides about 50m2 of accommodation, but can easily be developed to make a property of 2 double bedrooms and 2 bathrooms for somewhere in the region of 45,000 Euros. A roof terrace could be created which would benefit from magnificent sea views. The property sits in about 5692m2 (some 1.4 acres) of land with mature olive trees. The area is protected and therefore a pool in the ground cannot be installed but an above ground pool could be built. The beautiful white city of Ostuni with all amenities, cafes and restaurants is just 4.5km away, and Carovigno is just 5km away. The popular beaches of Torre Santa Sabina are just 12km away and can be reached in 15 minutes. This is an excellent opportunity to purchase a cottage, with sea views, ready to be developed into an attractive property in a sought-after area of Puglia, close to all amenities and ideal for personal use or even to provide rental income. Price 69.000 EurosCasa Travella Ltd.
This 3 room cottage, ready to be developed into a 2 bedroom house, sits in just under 1.5 acres of land with olive trees and sea views. The cottage is located in the countryside some 4.5km from Ostuni, 5km from Carovigno, 15 minutes to the Adriatic beaches and just 30 minutes from Brindisi airport. This cottage currently provides about 50m2 of accommodation, but can easily be developed to make a property of 2 double bedrooms and 2 bathrooms for somewhere in the region of 45,000 Euros. A roof terrace could be created which would benefit from magnificent sea views. The property sits in about 5692m2 (some 1.4 acres) of land with mature olive trees. The area is protected and therefore a pool in the ground cannot be installed but an above ground pool could be built. The beautiful white city of Ostuni with all amenities, cafes and restaurants is just 4.5km away, and Carovigno is just 5km away. The popular beaches of Torre Santa Sabina are just 12km away and can be reached in 15 minutes. This is an excellent opportunity to purchase a cottage, with sea views, ready to be developed into an attractive property in a sought-after area of Puglia, close to all amenities and ideal for personal use or even to provide rental income. Price 69.000 EurosCasa Travella Ltd.
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Currency Exchange
Ostuni, 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 €69,000 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 |
|---|---|---|---|
| €69,000 | £58,698 | £60,481 | £1,784 |
| Property Price € | €69,000 |
| Minimum cost in the last six months | £58,698 |
| Maximum cost in the last six months | £60,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,784 |
Ostuni, 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 €69,000 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 |
|---|---|---|---|
| €69,000 | £58,698 | £60,481 | £1,784 |
| Property Price € | €69,000 |
| Minimum cost in the last six months | £58,698 |
| Maximum cost in the last six months | £60,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,784 |
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 £1,784 more.
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