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Apartment in Tuscany
Montepulciano, 85, Italy
REF: 806676
€450,000
Description
The 220 sqm property is located in the historic centre of Montepulciano, a stone's throw from Piazza Grande. The apartment is a portion of a historic building and is on 3 levels and on the second floor there is a beautiful terrace from which there is a wonderful view of Cortona, Lake Trasimeno and the entire historic centre of Montepulciano. On the ground floor there is the entrance hall and a living area. The first floor consists of a living room with a balcony overlooking one of the main streets of the historic centre, kitchen, bedroom, bathroom and storage room. On the second floor there is a bedroom with bathroom and through an external staircase there is access to the mansard with a panoramic terrace that makes this property unique. The property is connected to all utilities. Heating is by methane and water is supplied by the public aqueduct. The property was renovated in the 2000s.The property can be used as a main residence or holiday home. It is also interesting as an investment and following a restyling operation, to insert it in the tourist rental circuit. The property is in the historic centre of Montepulciano and all services, bars, restaurants, wine bars and shops are within easy walking distance. Montepulciano is a perfect starting point to reach the Val d'Orcia, the Val di Chiana and Lake Trasimeno. Pienza (15 km), Montefollonico (8 km), Montichiello (8 km), San Quirico d'Orcia (20 km), Chianciano Terme (10 km), Castiglione d'Orcia (25 km) and Montalcino (35 km). The nearest airports are Perugia (70 km), Florence (125 km) and Rome (210 km). 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.The property is registered in the name of a natural person.
The 220 sqm property is located in the historic centre of Montepulciano, a stone's throw from Piazza Grande. The apartment is a portion of a historic building and is on 3 levels and on the second floor there is a beautiful terrace from which there is a wonderful view of Cortona, Lake Trasimeno and the entire historic centre of Montepulciano. On the ground floor there is the entrance hall and a living area. The first floor consists of a living room with a balcony overlooking one of the main streets of the historic centre, kitchen, bedroom, bathroom and storage room. On the second floor there is a bedroom with bathroom and through an external staircase there is access to the mansard with a panoramic terrace that makes this property unique. The property is connected to all utilities. Heating is by methane and water is supplied by the public aqueduct. The property was renovated in the 2000s.The property can be used as a main residence or holiday home. It is also interesting as an investment and following a restyling operation, to insert it in the tourist rental circuit. The property is in the historic centre of Montepulciano and all services, bars, restaurants, wine bars and shops are within easy walking distance. Montepulciano is a perfect starting point to reach the Val d'Orcia, the Val di Chiana and Lake Trasimeno. Pienza (15 km), Montefollonico (8 km), Montichiello (8 km), San Quirico d'Orcia (20 km), Chianciano Terme (10 km), Castiglione d'Orcia (25 km) and Montalcino (35 km). The nearest airports are Perugia (70 km), Florence (125 km) and Rome (210 km). 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.The property is registered in the name of a natural person.
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Currency Exchange
Montepulciano, 85, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
Montepulciano, 85, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
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 £11,633 more.
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