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Ancient countryhouse to be restored for sale in Montalcino
SI, Toscana, Italy
REF: 11831
€1,100,000
Description
Located in panoramic position, surrounded by rolling hills and green landscape with olive groves and vineyards, with view of the old town centre of Montalcino. The main house still in good conditions is composed of 2 apartments covering a total area of about 370mq, with 6 annexes, all together representing a typical Tuscan 'borgo'. All the buildings need a strong restoration but there is a possibility to recover and reemploy all the original materials, such as the 'cotto' floorings and the wooden beams. Inside the property there are both water and electricity. We are located in an unique place, close to all the utilities but surrounded by green nature, with Montalcino and the Crete Senesi view on one side and the wonderful rolling hills of Val d'Orcia on the other side, close to some of the most famous towns of this area, such as Montalcino, San Quirico and Pienza .
Located in panoramic position, surrounded by rolling hills and green landscape with olive groves and vineyards, with view of the old town centre of Montalcino. The main house still in good conditions is composed of 2 apartments covering a total area of about 370mq, with 6 annexes, all together representing a typical Tuscan 'borgo'. All the buildings need a strong restoration but there is a possibility to recover and reemploy all the original materials, such as the 'cotto' floorings and the wooden beams. Inside the property there are both water and electricity. We are located in an unique place, close to all the utilities but surrounded by green nature, with Montalcino and the Crete Senesi view on one side and the wonderful rolling hills of Val d'Orcia on the other side, close to some of the most famous towns of this area, such as Montalcino, San Quirico and Pienza .
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Currency Exchange
SI, Toscana, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £911,141 | £945,395 | £34,254 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £911,141 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,254 |
SI, Toscana, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £911,141 | £945,395 | £34,254 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £911,141 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,254 |
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 £34,254 more.
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