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Farmhouse-rustico in Umbria
Castiglione del Lago, 84, Italy
REF: 363277
€375,000
Description
In the municipality of Castiglione del Lago, a few steps from the services, we find Casale del Fiore, which is on 3 levels. On the first level, there is currently a commercial area with two rooms, an entrance hall, a bathroom and an office room. An external staircase leads to the second level. The second and third levels are unfinished and the connections for the plants are in place. In the garden of about 1000sqm, we find the dependence, also internally unfinished and ready for the installation of systems.All utilities are present in the property, such as electricity connected to the national grid, methane gas connected to the national grid and telephone line. Externally the house is in stone like the typical farmhouses of the Umbrian-Tuscan countryside. The ground floor was used as a shop until recently, and it presents porcelain stoneware flooring and brick attics typical of the old stables.Given the current situation, the property lends itself to various uses: from becoming a manor house, to a private residence with part of the income, and finally to being an investment with income.The property is located a few minutes from the centre of Castiglione del Lago, with all its services: schools, museums, supermarkets, hospital, theatre. In a maximum of 30 minutes, it is possible to reach various destinations such as Siena, Perugia, Arezzo and various spas. The property is registered in the name of a natural person(s) and the sale will be subject to registration tax in accordance with the regulations in force (see private purchase costs).
In the municipality of Castiglione del Lago, a few steps from the services, we find Casale del Fiore, which is on 3 levels. On the first level, there is currently a commercial area with two rooms, an entrance hall, a bathroom and an office room. An external staircase leads to the second level. The second and third levels are unfinished and the connections for the plants are in place. In the garden of about 1000sqm, we find the dependence, also internally unfinished and ready for the installation of systems.All utilities are present in the property, such as electricity connected to the national grid, methane gas connected to the national grid and telephone line. Externally the house is in stone like the typical farmhouses of the Umbrian-Tuscan countryside. The ground floor was used as a shop until recently, and it presents porcelain stoneware flooring and brick attics typical of the old stables.Given the current situation, the property lends itself to various uses: from becoming a manor house, to a private residence with part of the income, and finally to being an investment with income.The property is located a few minutes from the centre of Castiglione del Lago, with all its services: schools, museums, supermarkets, hospital, theatre. In a maximum of 30 minutes, it is possible to reach various destinations such as Siena, Perugia, Arezzo and various spas. The property is registered in the name of a natural person(s) and the sale will be subject to registration tax in accordance with the regulations in force (see private purchase costs).
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Currency Exchange
Castiglione del Lago, 84, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £322,294 | £13,331 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,331 |
Castiglione del Lago, 84, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £308,963 | £322,294 | £13,331 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £308,963 |
| Maximum cost in the last six months | £322,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,331 |
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 £13,331 more.
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