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Farmhouse-rustico in Umbria
Magione, 84, Italy
REF: 985830
€1,400,000
Description
This beautiful property is located halfway up the hill above Lake Trasimeno, enjoying a stunning view of the lake. The main house is an old farmhouse that has been plastered and offers, on the ground floor, a large open space divided into a living room and dining room, separated only by a charming fireplace. There is also a spacious kitchen, pantry, and laundry room. On the first floor, connected by an internal staircase, there is a master suite with a walk-in closet and bathroom, as well as three other bedrooms and two bathrooms. Along the side facing the lake runs a beautiful veranda, perfect for outdoor dining or simply relaxing on a deckchair while enjoying the view. Adjacent to the house is a beautiful pool area and an annex with large windows and a fireplace. On the other side of the house, there is an additional residential annex for guests or a caretaker, and on the front side of the house, a garage is concealed, built into the hillside. The property is being sold as bare ownership. Due to its unique location, this house represents an excellent investment opportunity, both for private use or to be placed on the vacation rental market. Only the Bare Ownership is sold.Heating with Diesel Fuel Municipal Water Supply and WellThe house is in good condition. Year of construction: 1900. Year of last renovation: 1974. Windows with single-pane glass.The house is perfect for a family or for listing on the tourist rental market.Lake Trasimeno can be reached on foot. Close to amenities. The Great Estate group conducts a technical due diligence on every property acquired, through the client's technical expert, which allows us to gain detailed knowledge of the urban planning and cadastral situation of each property. This due diligence can be requested by the client when there is genuine interest in the property. The property is registered to individual/s, and the sale will be subject to registration tax according to current regulations (see purchasing costs from private sellers).
This beautiful property is located halfway up the hill above Lake Trasimeno, enjoying a stunning view of the lake. The main house is an old farmhouse that has been plastered and offers, on the ground floor, a large open space divided into a living room and dining room, separated only by a charming fireplace. There is also a spacious kitchen, pantry, and laundry room. On the first floor, connected by an internal staircase, there is a master suite with a walk-in closet and bathroom, as well as three other bedrooms and two bathrooms. Along the side facing the lake runs a beautiful veranda, perfect for outdoor dining or simply relaxing on a deckchair while enjoying the view. Adjacent to the house is a beautiful pool area and an annex with large windows and a fireplace. On the other side of the house, there is an additional residential annex for guests or a caretaker, and on the front side of the house, a garage is concealed, built into the hillside. The property is being sold as bare ownership. Due to its unique location, this house represents an excellent investment opportunity, both for private use or to be placed on the vacation rental market. Only the Bare Ownership is sold.Heating with Diesel Fuel Municipal Water Supply and WellThe house is in good condition. Year of construction: 1900. Year of last renovation: 1974. Windows with single-pane glass.The house is perfect for a family or for listing on the tourist rental market.Lake Trasimeno can be reached on foot. Close to amenities. The Great Estate group conducts a technical due diligence on every property acquired, through the client's technical expert, which allows us to gain detailed knowledge of the urban planning and cadastral situation of each property. This due diligence can be requested by the client when there is genuine interest in the property. The property is registered to individual/s, and the sale will be subject to registration tax according to current regulations (see purchasing costs from private sellers).
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Currency Exchange
Magione, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,155,630 | £1,215,326 | £59,696 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,155,630 |
| Maximum cost in the last six months | £1,215,326 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,696 |
Magione, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,155,630 | £1,215,326 | £59,696 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,155,630 |
| Maximum cost in the last six months | £1,215,326 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,696 |
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 £59,696 more.
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