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2 bedrooms apartment/flat
Lucca (comune) (Lucca), Tuscany, Italy
REF: 341446
€420,000
Description
First floor apartment (120m2) in the historic centre Lucca This 120m2 property is located on the first floor of a four-storey palazzo in the historic centre of the city. The apartment has two entrances, the main one accesses into a large, very bright living room, with fireplace and windows overlooking the Bertolini Piazza, kitchen, bathroom with small hallway, via a hallway you enter the sleeping area' consisting of two bedrooms interlinked, another hallway where we find the second entrance, then a bathroom; adjacent to both the living and sleeping areas are three rooms, two closets and a former kitchen, currently used as a storage room. The latter part described could be converted as living spaces and potentially could become at least two other bedrooms. The property retains historical finishes, the floors have been reinforced with cast concrete and electro-welded mesh but the exposed wooden structure has been kept, consisting of beams and rafters, terracotta floors, large windows and wooden shutters. The apartment has two independent entrances, so much so that part of it has been rented out during the Comix festival, the guests are completely independent and don't intrude in the day to day dynamic of the home.
First floor apartment (120m2) in the historic centre Lucca This 120m2 property is located on the first floor of a four-storey palazzo in the historic centre of the city. The apartment has two entrances, the main one accesses into a large, very bright living room, with fireplace and windows overlooking the Bertolini Piazza, kitchen, bathroom with small hallway, via a hallway you enter the sleeping area' consisting of two bedrooms interlinked, another hallway where we find the second entrance, then a bathroom; adjacent to both the living and sleeping areas are three rooms, two closets and a former kitchen, currently used as a storage room. The latter part described could be converted as living spaces and potentially could become at least two other bedrooms. The property retains historical finishes, the floors have been reinforced with cast concrete and electro-welded mesh but the exposed wooden structure has been kept, consisting of beams and rafters, terracotta floors, large windows and wooden shutters. The apartment has two independent entrances, so much so that part of it has been rented out during the Comix festival, the guests are completely independent and don't intrude in the day to day dynamic of the home.
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Currency Exchange
Lucca (comune) (Lucca), Tuscany, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
Lucca (comune) (Lucca), Tuscany, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
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 £13,079 more.
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