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Farmhouse-rustico in Umbria
Gubbio, 84, Italy
REF: 775306
€785,000
Description
This remarkable property boasts a rich and ancient history, earning its designation as a cultural asset protected by the Italian Monuments and Fine Arts Office. Undergoing extensive conservation efforts in 2009, the estate attained its current appearance and structure. The stream flowing through the property once powered three successive mills dedicated to grain milling. The historical milling rooms, intricately carved into the rock, remain a testament to this bygone era. The property comprises two distinct buildings across multiple levels. The first building has been subdivided into six two-room flats, each with independent access. Meanwhile, the second building features four two-room apartments, a delightful communal space, a spacious terrace, and additional rooms. Spanning approximately 11 hectares, the exterior of the property predominantly consists of pastures and natural scrubland. All essential utilities are available on the property. All systems are up to code. The heating system operates on boilers. Gas supply is facilitated through an underground LPG gas tank. Satellite TV is accessible, and there is Wifi internet available.The property features stone facades, reclaimed roof tiles, and floors with beams and terracotta tiles. The interior is highly functional, showcasing exquisite and distinctive details, including terracotta flooring and, overall, high-quality materials. The conditions are excellent.The versatile nature of this property makes it suitable for various purposes, including hospitality, agritourism, short-term rentals, residential use, leasing investment, or as an educational-museum facility.The Mulino sul Bottacione is situated just a stone's throw from the walls of Gubbio, renowned as one of Italy's best-preserved medieval towns. For those seeking a scenic route, the property is easily accessible on foot from the town center, following the enchanting path of the medieval aqueduct that meanders above the Bottacione Gorge. In the last 50 years, this location has gained scientific significance due to the discovery of elevated concentrations of iridium, a mineral of extraterrestrial origin, found within layers of rocks dating back to the era of mass extinctions.The property is duly registered in the Building Registry of Gubbio as independent units. The property is registered in the name of an agricultural entrepreneur.
This remarkable property boasts a rich and ancient history, earning its designation as a cultural asset protected by the Italian Monuments and Fine Arts Office. Undergoing extensive conservation efforts in 2009, the estate attained its current appearance and structure. The stream flowing through the property once powered three successive mills dedicated to grain milling. The historical milling rooms, intricately carved into the rock, remain a testament to this bygone era. The property comprises two distinct buildings across multiple levels. The first building has been subdivided into six two-room flats, each with independent access. Meanwhile, the second building features four two-room apartments, a delightful communal space, a spacious terrace, and additional rooms. Spanning approximately 11 hectares, the exterior of the property predominantly consists of pastures and natural scrubland. All essential utilities are available on the property. All systems are up to code. The heating system operates on boilers. Gas supply is facilitated through an underground LPG gas tank. Satellite TV is accessible, and there is Wifi internet available.The property features stone facades, reclaimed roof tiles, and floors with beams and terracotta tiles. The interior is highly functional, showcasing exquisite and distinctive details, including terracotta flooring and, overall, high-quality materials. The conditions are excellent.The versatile nature of this property makes it suitable for various purposes, including hospitality, agritourism, short-term rentals, residential use, leasing investment, or as an educational-museum facility.The Mulino sul Bottacione is situated just a stone's throw from the walls of Gubbio, renowned as one of Italy's best-preserved medieval towns. For those seeking a scenic route, the property is easily accessible on foot from the town center, following the enchanting path of the medieval aqueduct that meanders above the Bottacione Gorge. In the last 50 years, this location has gained scientific significance due to the discovery of elevated concentrations of iridium, a mineral of extraterrestrial origin, found within layers of rocks dating back to the era of mass extinctions.The property is duly registered in the Building Registry of Gubbio as independent units. The property is registered in the name of an agricultural entrepreneur.
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Currency Exchange
Gubbio, 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 €785,000 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 |
|---|---|---|---|
| €785,000 | £667,792 | £688,084 | £20,292 |
| Property Price € | €785,000 |
| Minimum cost in the last six months | £667,792 |
| Maximum cost in the last six months | £688,084 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,292 |
Gubbio, 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 €785,000 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 |
|---|---|---|---|
| €785,000 | £667,792 | £688,084 | £20,292 |
| Property Price € | €785,000 |
| Minimum cost in the last six months | £667,792 |
| Maximum cost in the last six months | £688,084 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,292 |
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 £20,292 more.
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