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Farmhouse-rustico in Umbria
Spoleto, 84, Italy
REF: 735055
€290,000
Description
Farmhouse of approx. 420 sqm located in a hilly and panoramic position with surrounding land of approximately one hectare, agricultural annex on a single floor of approximately 200 sqm and a shed used as a barn of 200 sqm. The farmhouse is on two levels: on the ground floor a single large room used as a 130 sqm warehouse, used in times gone by as a stable with the original mangers still present, terracotta flooring with drainage channels. Adjacent to the stable there are 3 rooms intended for storage/cellar with service staircase to the upper floor. The ground floor is completed by a cellar of approx. 58 sqm with independent external access. From a staircase and an external loggia you reach the first floor where we find the type of accommodation of Umbrian sharecroppers with a large family, consisting of 4 bedrooms, a bathroom, a kitchen and dining room with a central corridor. Going down six steps you reach the classic peasant pantry, warehouse with secondary access and staircase connecting to the stable below. The agricultural annex could be renovated for residence or could be demolished and rebuilt on a high site up to a maximum of 50 meters away from the main farmhouse to thus create an annex.All utilities are present. There is no gas-methane network so it will be necessary to insert an LPG tank. The farmhouse, even if recently inhabited, needs a total renovation, especially in terms of systems and finishes in general. On a portion of the farmhouse, planning is underway for structural works financed by earthquake funds relating to the 2016 Umbria-Marche earthquake. This contribution will be granted for the exclusive use of this structural unit and will therefore be able to benefit the potential buyer.This property is located in a small hamlet west of Spoleto: the Umbrian city that hosts the Due Mondi cultural festival and twinned with Charleston in South Carolina. It is located near the road that connects the cities of Spoleto and Castel Ritaldi. 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 customer at the time of a real interest in the property.
Farmhouse of approx. 420 sqm located in a hilly and panoramic position with surrounding land of approximately one hectare, agricultural annex on a single floor of approximately 200 sqm and a shed used as a barn of 200 sqm. The farmhouse is on two levels: on the ground floor a single large room used as a 130 sqm warehouse, used in times gone by as a stable with the original mangers still present, terracotta flooring with drainage channels. Adjacent to the stable there are 3 rooms intended for storage/cellar with service staircase to the upper floor. The ground floor is completed by a cellar of approx. 58 sqm with independent external access. From a staircase and an external loggia you reach the first floor where we find the type of accommodation of Umbrian sharecroppers with a large family, consisting of 4 bedrooms, a bathroom, a kitchen and dining room with a central corridor. Going down six steps you reach the classic peasant pantry, warehouse with secondary access and staircase connecting to the stable below. The agricultural annex could be renovated for residence or could be demolished and rebuilt on a high site up to a maximum of 50 meters away from the main farmhouse to thus create an annex.All utilities are present. There is no gas-methane network so it will be necessary to insert an LPG tank. The farmhouse, even if recently inhabited, needs a total renovation, especially in terms of systems and finishes in general. On a portion of the farmhouse, planning is underway for structural works financed by earthquake funds relating to the 2016 Umbria-Marche earthquake. This contribution will be granted for the exclusive use of this structural unit and will therefore be able to benefit the potential buyer.This property is located in a small hamlet west of Spoleto: the Umbrian city that hosts the Due Mondi cultural festival and twinned with Charleston in South Carolina. It is located near the road that connects the cities of Spoleto and Castel Ritaldi. 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 customer at the time of a real interest in the property.
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Currency Exchange
Spoleto, 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 €290,000 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 |
|---|---|---|---|
| €290,000 | £246,700 | £254,197 | £7,497 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £246,700 |
| Maximum cost in the last six months | £254,197 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,497 |
Spoleto, 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 €290,000 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 |
|---|---|---|---|
| €290,000 | £246,700 | £254,197 | £7,497 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £246,700 |
| Maximum cost in the last six months | £254,197 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,497 |
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 £7,497 more.
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