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Casa Renato - Furnari A huge sea-facing plot with a view of the Marinello lakes and the Gulf of Tindari, Casa Renato is an intriguing property with enormous potential TWIN COTTAGE WITH SEA VIEWS The bricks and mortar on the estate are limited to a pair of cottages
Furnari, Messina, Italy
REF: 998072
€150,000
Description
Casa Renato - Furnari A huge sea-facing plot with a view of the Marinello lakes and the Gulf of Tindari, Casa Renato is an intriguing property with enormous potential TWIN COTTAGE WITH SEA VIEWS The bricks and mortar on the estate are limited to a pair of cottages. One of these has a kitchen and a sleeping area, the other a living room and a bathroom with a shower. The former is an older building, although renovated with a new kitchen in masonry and colourful tiles, and recently installed windows. The latter, while officially an outbuilding, has a French window and a lovely sea view. GROW YOUR OWN OLIVES AND GRAPES The estate spans 10,000m2 of quiet hillside land. Around fifty percent of this estate is given to a huge vineyard, now somewhat overgrown but which has the potential to be regenerated and produce a fulsome crop of grapes every harvest season. Of the remaining land, much is given to an olive grove, where approximately 350 mature trees yield 600 litres of premium quality oil every year. The whole of the estate is classified as agricultural land, which means that you could raise livestock as well as growing any kind of fruit or vegetables here if you chose. AN OPPORTUNITY TO DEVELOP AND BUILD The land's size would allow for the construction of a new home measuring up to 110m2, if you have the means to do so. It would certainly offer a spellbinding view, as well as a practical base from which to oversee the growth and collection of the fruit. A neighbouring plot is anticipated to come on the market in the very near future, giving the opportunity to expand the holding even further. FOR A FULL DESCRIPTION OF THE PROPERTY PLEASE VISIT OUR WEBSITE
Casa Renato - Furnari A huge sea-facing plot with a view of the Marinello lakes and the Gulf of Tindari, Casa Renato is an intriguing property with enormous potential TWIN COTTAGE WITH SEA VIEWS The bricks and mortar on the estate are limited to a pair of cottages. One of these has a kitchen and a sleeping area, the other a living room and a bathroom with a shower. The former is an older building, although renovated with a new kitchen in masonry and colourful tiles, and recently installed windows. The latter, while officially an outbuilding, has a French window and a lovely sea view. GROW YOUR OWN OLIVES AND GRAPES The estate spans 10,000m2 of quiet hillside land. Around fifty percent of this estate is given to a huge vineyard, now somewhat overgrown but which has the potential to be regenerated and produce a fulsome crop of grapes every harvest season. Of the remaining land, much is given to an olive grove, where approximately 350 mature trees yield 600 litres of premium quality oil every year. The whole of the estate is classified as agricultural land, which means that you could raise livestock as well as growing any kind of fruit or vegetables here if you chose. AN OPPORTUNITY TO DEVELOP AND BUILD The land's size would allow for the construction of a new home measuring up to 110m2, if you have the means to do so. It would certainly offer a spellbinding view, as well as a practical base from which to oversee the growth and collection of the fruit. A neighbouring plot is anticipated to come on the market in the very near future, giving the opportunity to expand the holding even further. FOR A FULL DESCRIPTION OF THE PROPERTY PLEASE VISIT OUR WEBSITE
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Currency Exchange
Furnari, Messina, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £123,818 | £130,214 | £6,396 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £123,818 |
| Maximum cost in the last six months | £130,214 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,396 |
Furnari, Messina, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £123,818 | £130,214 | £6,396 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £123,818 |
| Maximum cost in the last six months | £130,214 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,396 |
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 £6,396 more.
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