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Apartment in Umbria
Panicale, 84, Italy
REF: 627367
€580,000
Description
This townhouse is located just outside the walls of the small characteristic village of Panicale and is made up of 2 floors. The property includes a characteristic attic. Entering the gate, you cross a small courtyard arriving at an arched staircase. On the ground floor is the large kitchen with access to the front courtyard and with a cellar room that could be transformed into a suggestive wine cellar. A bedroom with en-suite bathroom is located on the other side of the entrance. Going up the staircase to the first floor there are three bedrooms, a living room and a dining room with an imposing fresco representing the 12 zodiac signs and which was painted between 1500 and 1600. From this floor you enter the garden of about 1,500 square meters behind the house and from which in the highest part you can enjoy a spectacular view of Lake Trasimeno and the roofs of Panicale. On the second floor there is a partially habitable attic but in its raw state. It is possible to make another two bedrooms or a study. The heating is natural gas while the water supply is guaranteed by a municipal aqueduct. The property was renovated in 2009. The property can become a first or second home. There is also the possibility of including it in the tourist rental circuit. L'Astro is located just outside the walls of the small village of Panicale, where there are restaurants, bars and a small grocery store. The Great Estate group carries out a technical due diligence on each property acquired through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the client at the time of a real interest in the property.
This townhouse is located just outside the walls of the small characteristic village of Panicale and is made up of 2 floors. The property includes a characteristic attic. Entering the gate, you cross a small courtyard arriving at an arched staircase. On the ground floor is the large kitchen with access to the front courtyard and with a cellar room that could be transformed into a suggestive wine cellar. A bedroom with en-suite bathroom is located on the other side of the entrance. Going up the staircase to the first floor there are three bedrooms, a living room and a dining room with an imposing fresco representing the 12 zodiac signs and which was painted between 1500 and 1600. From this floor you enter the garden of about 1,500 square meters behind the house and from which in the highest part you can enjoy a spectacular view of Lake Trasimeno and the roofs of Panicale. On the second floor there is a partially habitable attic but in its raw state. It is possible to make another two bedrooms or a study. The heating is natural gas while the water supply is guaranteed by a municipal aqueduct. The property was renovated in 2009. The property can become a first or second home. There is also the possibility of including it in the tourist rental circuit. L'Astro is located just outside the walls of the small village of Panicale, where there are restaurants, bars and a small grocery store. The Great Estate group carries out a technical due diligence on each property acquired through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the client at the time of a real interest in the property.
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Currency Exchange
Panicale, 84, 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 €580,000 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 |
|---|---|---|---|
| €580,000 | £493,400 | £508,393 | £14,993 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £493,400 |
| Maximum cost in the last six months | £508,393 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,993 |
Panicale, 84, 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 €580,000 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 |
|---|---|---|---|
| €580,000 | £493,400 | £508,393 | £14,993 |
| Property Price € | €580,000 |
| Minimum cost in the last six months | £493,400 |
| Maximum cost in the last six months | £508,393 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,993 |
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 £14,993 more.
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