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Farmhouse-rustico in Umbria
Allerona, 84, Italy
REF: 973146
€185,000
Description
This property, surrounded by 4 hectares of owned land, consists of a main farmhouse needing renovation, whose volume cannot be transferred to another location, and an annex. The main ruin, spread over two levels, can be renovated into a single residential unit. With a construction permit, the annex can be transformed from an agricultural outbuilding into a residential one, and it can be relocated up to a maximum radius of 50 meters from the current farmhouse ruin.In this ruin, there is currently a lack of any type of utility connections.RuinsIt is suitable to be a master residential unit or, even better, to become a rental unit within the tourist rental market.15 minutes from the A1 Milan-Naples highway, 100 minutes from Rome's international airport, within a 30 km radius there are many cultural and recreational places. The Great Estate group conducts, through the seller's technician, a technical due diligence on each acquired property, which allows us to thoroughly understand the urban planning and cadastral status of each property. This due diligence can be requested by the client at the time of genuine interest in the property.
This property, surrounded by 4 hectares of owned land, consists of a main farmhouse needing renovation, whose volume cannot be transferred to another location, and an annex. The main ruin, spread over two levels, can be renovated into a single residential unit. With a construction permit, the annex can be transformed from an agricultural outbuilding into a residential one, and it can be relocated up to a maximum radius of 50 meters from the current farmhouse ruin.In this ruin, there is currently a lack of any type of utility connections.RuinsIt is suitable to be a master residential unit or, even better, to become a rental unit within the tourist rental market.15 minutes from the A1 Milan-Naples highway, 100 minutes from Rome's international airport, within a 30 km radius there are many cultural and recreational places. The Great Estate group conducts, through the seller's technician, a technical due diligence on each acquired property, which allows us to thoroughly understand the urban planning and cadastral status of each property. This due diligence can be requested by the client at the time of genuine interest in the property.
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Currency Exchange
Allerona, 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 €185,000 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 |
|---|---|---|---|
| €185,000 | £152,708 | £160,597 | £7,888 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £152,708 |
| Maximum cost in the last six months | £160,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
Allerona, 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 €185,000 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 |
|---|---|---|---|
| €185,000 | £152,708 | £160,597 | £7,888 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £152,708 |
| Maximum cost in the last six months | £160,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
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 £7,888 more.
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