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Farmhouse-rustico in Tuscany
Cortona, 856, Italy
REF: 652850
€490,000
Description
The property has been rebuilt faithfully respecting the characteristics of the original ancient building represented above all by the gabled roof, the stone face and the external stone staircase. The completely renovated first floor is accessible from the external staircase and consists of a kitchen/living room, two bedrooms, hallway and bathroom. The ground floor consists of two large rooms and is not currently completed. Given the existence of annexed volumes referring to ancillary rooms, there is the possibility of expansion. The ENEL light utility is active, the connection to the aqueduct and to the public sewer have already been prepared. There is an artesian well of 120 meters with connected tank and autoclave. The sewage disposed of by septic tanks in accordance with the law. The restructuring included the recovery of the external shape, the foundations, the attics, the staircase and the roof with adaptation to seismic standards. The ground floor is to be completed for the construction of a second real estate unit. There are annexed volumes to be recovered through the construction of other real estate volumes. The property can be used as a main residence or second home or be included in the holiday home circuit. About 4 km from the historic center of Cortona and all the main services. 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 property is registered to an individual/s and the sale will be subject to registration tax according to current regulations (see private purchase costs).
The property has been rebuilt faithfully respecting the characteristics of the original ancient building represented above all by the gabled roof, the stone face and the external stone staircase. The completely renovated first floor is accessible from the external staircase and consists of a kitchen/living room, two bedrooms, hallway and bathroom. The ground floor consists of two large rooms and is not currently completed. Given the existence of annexed volumes referring to ancillary rooms, there is the possibility of expansion. The ENEL light utility is active, the connection to the aqueduct and to the public sewer have already been prepared. There is an artesian well of 120 meters with connected tank and autoclave. The sewage disposed of by septic tanks in accordance with the law. The restructuring included the recovery of the external shape, the foundations, the attics, the staircase and the roof with adaptation to seismic standards. The ground floor is to be completed for the construction of a second real estate unit. There are annexed volumes to be recovered through the construction of other real estate volumes. The property can be used as a main residence or second home or be included in the holiday home circuit. About 4 km from the historic center of Cortona and all the main services. 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 property is registered to an individual/s and the sale will be subject to registration tax according to current regulations (see private purchase costs).
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Currency Exchange
Cortona, 856, 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 | £429,480 | £12,642 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,480 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,642 |
Cortona, 856, 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 | £429,480 | £12,642 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,480 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,642 |
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 £12,642 more.
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