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Located 6 km away from Lecce, in the quiet historic center of San Cesario di Lecce, 1800s palace to be restored developed on two levels
San Cesario di Lecce , Puglia, Italy
REF: 563395
€499,000
Description
Located 6 km away from Lecce, in the quiet historic center of San Cesario di Lecce, 1800s palace to be restored developed on two levels.The building, of about 390 sqm, has an entrance through a large wooden door, with parking space, which leads into a typical covered courtyard that precedes a suggestive exterior space. From the courtyard it is possible to access the first apartment, consisting of living room, dining room, 2 bedrooms, kitchen, bathroom and closet, which boasts a second internal courtyard with access to a private terrace. On the ground floor there are 4 large rooms, currently used as storage, with access both from the courtyard and from the street. The first floor, connected both internally and externally, consists of: large living room, dining room, arranged on a slightly raised level, kitchen with direct access to the terrace, 4 bedrooms and 2 bathrooms. The dwelling is completed with characteristic terraces, flat roof of pertinecne, historic effigies, majestic star vaults and local cementine floors. The property is in good static and structural conditions although it needs general restructuring interventions, it is equipped with aqueduct, while it is possible to connect the building to urban sewer and methane services.Its conformation and proximity to Lecce makes it ideal as an investment, both for tourism accomodation and for commercial purposes, given the storage rooms with access facing the street, but it also has the possibility of dividing it into 3 apartments with a shared courtyard. The Baroque city of Lecce is a 10-minute drive away, the clear beaches of Gallipoli 20 minutes and the Brindisi airport 49 km away.
Located 6 km away from Lecce, in the quiet historic center of San Cesario di Lecce, 1800s palace to be restored developed on two levels.The building, of about 390 sqm, has an entrance through a large wooden door, with parking space, which leads into a typical covered courtyard that precedes a suggestive exterior space. From the courtyard it is possible to access the first apartment, consisting of living room, dining room, 2 bedrooms, kitchen, bathroom and closet, which boasts a second internal courtyard with access to a private terrace. On the ground floor there are 4 large rooms, currently used as storage, with access both from the courtyard and from the street. The first floor, connected both internally and externally, consists of: large living room, dining room, arranged on a slightly raised level, kitchen with direct access to the terrace, 4 bedrooms and 2 bathrooms. The dwelling is completed with characteristic terraces, flat roof of pertinecne, historic effigies, majestic star vaults and local cementine floors. The property is in good static and structural conditions although it needs general restructuring interventions, it is equipped with aqueduct, while it is possible to connect the building to urban sewer and methane services.Its conformation and proximity to Lecce makes it ideal as an investment, both for tourism accomodation and for commercial purposes, given the storage rooms with access facing the street, but it also has the possibility of dividing it into 3 apartments with a shared courtyard. The Baroque city of Lecce is a 10-minute drive away, the clear beaches of Gallipoli 20 minutes and the Brindisi airport 49 km away.
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Currency Exchange
San Cesario di Lecce , 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 €499,000 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 |
|---|---|---|---|
| €499,000 | £428,421 | £448,327 | £19,905 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £428,421 |
| Maximum cost in the last six months | £448,327 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,905 |
San Cesario di Lecce , 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 €499,000 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 |
|---|---|---|---|
| €499,000 | £428,421 | £448,327 | £19,905 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £428,421 |
| Maximum cost in the last six months | £448,327 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,905 |
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 £19,905 more.
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