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Historic masseria to be restored for sale a few km from the sea
TA, Puglia, Italy
REF: 152513
€730,000
Description
Just few kilometers far from the crystal-clear waters of the Ionian Sea, with its sandy beaches and suggestive rocks, ancient masseria to be restored with a surface of about 2440 sqm and 5,5 hectares of field. According to historical documents, this wonderful masseria dates back to the late 16th century, and witnesses the local rural housing settlement of that time in Apulia. For a long time, it used to be a kind of farming, before being owned by different figures over the years, such as nobles, knights and intermediaries. The building, with a covered courtyard, is arranged longitudinally over two levels, in its regal and majestic aspect. Its more than 60 rooms are embellished with several typologies of ceilings: star-vaults, barrel vaults and rib vaults, all in excellent condition. The masseria is enriched with many details recalling everyday life of the past. Among these, the granaries, the stables with their troughs, the underground pots of the ancient oil mill, the big drawing rooms, the several fireplaces, and a private chapel. Indeed, as a document dating back to 1778 reports, this chapel used to preserve marble altars, frescoes, effigies and sacred objects. The entire building can be expanded, thanks to its surrounding 5,5 hectares arable land, now cultivated with wheat. Within the plot, the masseria is decentralized, in order to be easily noticed, and it is in good structural condition. In recent years, some restoration work have been made to create a charming tourist accommodation, with swimming pools, tennis courts, restaurants and lodgings. This unique property, thanks to an accurate restoration work enhancing the historical and cultural value, can be brought back to its original splendor, gaining more interest. The marinas of Pulsano distance only 5 kms, the sandy beaches of San Pietro in Bevagna 32 kms, Martina Franca and the other sought-after places in Valle d'Itria 44 kms, Brindisi and the airport 67 kms, and Lecce, the renowned town of Baroque, about 80 kms.
Just few kilometers far from the crystal-clear waters of the Ionian Sea, with its sandy beaches and suggestive rocks, ancient masseria to be restored with a surface of about 2440 sqm and 5,5 hectares of field. According to historical documents, this wonderful masseria dates back to the late 16th century, and witnesses the local rural housing settlement of that time in Apulia. For a long time, it used to be a kind of farming, before being owned by different figures over the years, such as nobles, knights and intermediaries. The building, with a covered courtyard, is arranged longitudinally over two levels, in its regal and majestic aspect. Its more than 60 rooms are embellished with several typologies of ceilings: star-vaults, barrel vaults and rib vaults, all in excellent condition. The masseria is enriched with many details recalling everyday life of the past. Among these, the granaries, the stables with their troughs, the underground pots of the ancient oil mill, the big drawing rooms, the several fireplaces, and a private chapel. Indeed, as a document dating back to 1778 reports, this chapel used to preserve marble altars, frescoes, effigies and sacred objects. The entire building can be expanded, thanks to its surrounding 5,5 hectares arable land, now cultivated with wheat. Within the plot, the masseria is decentralized, in order to be easily noticed, and it is in good structural condition. In recent years, some restoration work have been made to create a charming tourist accommodation, with swimming pools, tennis courts, restaurants and lodgings. This unique property, thanks to an accurate restoration work enhancing the historical and cultural value, can be brought back to its original splendor, gaining more interest. The marinas of Pulsano distance only 5 kms, the sandy beaches of San Pietro in Bevagna 32 kms, Martina Franca and the other sought-after places in Valle d'Itria 44 kms, Brindisi and the airport 67 kms, and Lecce, the renowned town of Baroque, about 80 kms.
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Currency Exchange
TA, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £601,447 | £627,399 | £25,952 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £601,447 |
| Maximum cost in the last six months | £627,399 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,952 |
TA, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £601,447 | £627,399 | £25,952 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £601,447 |
| Maximum cost in the last six months | £627,399 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,952 |
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 £25,952 more.
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