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Prestigious property for sale a few km from Lecce
LE, Puglia, Italy
REF: 11822
€2,200,000
Description
Old aristocratic residence dated back to the 18th century located in the main square of a typical 'borgo' in North Salento, only a few km from Lecce, a place where the architectural and structural beauties which characterize these small towns remain unchanged. The fa ade, very simple and linear, at the ground floor has a majestic gate and at the upper level has five large windows topped by triangular and arcuate-shaped gables, all completed by a corbel cornice. The residence, built on two levels and covering a total surface of about 1.000 sqm, at the ground level is composed by a wonderful spacious entrance hall accessed from the 18th century majestic door, with the family coat of arms depicted on the wall of the entrance staircase, representing five towers in X position; this floor is completed by two large service rooms with starred vaulted ceiling and by a small bedroom with the original furniture, most probably once the guardian's room. At the first floor, the noble one, the 19th century gold leaf doors stand out, with their original keys and locks, and there are beautiful frescoed walls holding up richly decorated vaults, with perfectly preserved wonderful decorations. Here there is a spacious entrance hall richly frescoed from which we access an amazing living room with fireplace, also very refined and rich in decorations, the typical kitchen and six gorgeous bedrooms with en-suite bathroom, since the residence at the moment is a tourist accommodation structure. The property is completed by two extra rooms, an upper level terrace, a wing at the second floor that hasn't been renovated, and three other rooms, also not renovated, located at the ground floor on the rear side of the building. Stunning real estate currently used as tourist accommodation facility of very high standards, an excellent investment for those who wish to continue on this activity which is now perfectly integrated in an international tourist trail, but also for those who wish a high class level real estate as their main residence.
Old aristocratic residence dated back to the 18th century located in the main square of a typical 'borgo' in North Salento, only a few km from Lecce, a place where the architectural and structural beauties which characterize these small towns remain unchanged. The fa ade, very simple and linear, at the ground floor has a majestic gate and at the upper level has five large windows topped by triangular and arcuate-shaped gables, all completed by a corbel cornice. The residence, built on two levels and covering a total surface of about 1.000 sqm, at the ground level is composed by a wonderful spacious entrance hall accessed from the 18th century majestic door, with the family coat of arms depicted on the wall of the entrance staircase, representing five towers in X position; this floor is completed by two large service rooms with starred vaulted ceiling and by a small bedroom with the original furniture, most probably once the guardian's room. At the first floor, the noble one, the 19th century gold leaf doors stand out, with their original keys and locks, and there are beautiful frescoed walls holding up richly decorated vaults, with perfectly preserved wonderful decorations. Here there is a spacious entrance hall richly frescoed from which we access an amazing living room with fireplace, also very refined and rich in decorations, the typical kitchen and six gorgeous bedrooms with en-suite bathroom, since the residence at the moment is a tourist accommodation structure. The property is completed by two extra rooms, an upper level terrace, a wing at the second floor that hasn't been renovated, and three other rooms, also not renovated, located at the ground floor on the rear side of the building. Stunning real estate currently used as tourist accommodation facility of very high standards, an excellent investment for those who wish to continue on this activity which is now perfectly integrated in an international tourist trail, but also for those who wish a high class level real estate as their main residence.
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Currency Exchange
LE, Puglia, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
LE, Puglia, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
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 £68,508 more.
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