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Residence with 12 apartments for sale in Chianciano
SI, Toscana, Italy
REF: 152384
€950,000
Description
Great opportunity of investment in this property. It covers a surface of about 650 sqm and has 12 apartments with different dimensions. The building was totally restored in 1996 and it is in perfect conditions.The property is structured into five floors. In the basement there is a cellar and a staircase leading to the upper floors. The ground floor consists of an external terrace, an entrance with a hall and a lift, another hall with a TV, a dining room, a kitchen and a storage room, two bathrooms, another room with a laundry, and an external courtyard. The courtyard can be connected with another building to be restored, that is today closed and has the possibility to be expanded for further 400 sqm. The first floor of the residence has four rooms with a en-suite bathroom. The second floor consists of five rooms with access to balconies and five e-suite bathrooms. The attic floor has three rooms with three en-suite bathrooms and a wonderful terrace with a breathtaking view on the valley and the historical center.The property is kept in excellent conditions. It has methane heating system and the cleaning service is separately paid.This dwelling is the perfect solution for those who desire to invest for rentals without too much work to do. The surrounding place is rich in art, culture and lovely food and wine flavors. The conformation of the territory, characterized by hills, shows local cypresses, lakes and views of the surrounding historical villages between Tuscany and Umbria.
Great opportunity of investment in this property. It covers a surface of about 650 sqm and has 12 apartments with different dimensions. The building was totally restored in 1996 and it is in perfect conditions.The property is structured into five floors. In the basement there is a cellar and a staircase leading to the upper floors. The ground floor consists of an external terrace, an entrance with a hall and a lift, another hall with a TV, a dining room, a kitchen and a storage room, two bathrooms, another room with a laundry, and an external courtyard. The courtyard can be connected with another building to be restored, that is today closed and has the possibility to be expanded for further 400 sqm. The first floor of the residence has four rooms with a en-suite bathroom. The second floor consists of five rooms with access to balconies and five e-suite bathrooms. The attic floor has three rooms with three en-suite bathrooms and a wonderful terrace with a breathtaking view on the valley and the historical center.The property is kept in excellent conditions. It has methane heating system and the cleaning service is separately paid.This dwelling is the perfect solution for those who desire to invest for rentals without too much work to do. The surrounding place is rich in art, culture and lovely food and wine flavors. The conformation of the territory, characterized by hills, shows local cypresses, lakes and views of the surrounding historical villages between Tuscany and Umbria.
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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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
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 £29,583 more.
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