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8 rooms apartment/flat
Barga (Lucca), Tuscany, Italy
REF: 44493
€75,000
Description
Large apartment in need of renovation, 160mq. situated in Barga (Lucca) A spacious apartment situated on the first floor of a historic building near in Barga (LU). The property, which is 160mq. in size, in the past was used as two separate living units with shared staircase and services. One enters the building via an iron gate, there is a paved path that leads to an arched doorway which is shared with the ground floor flat. This in turn leads on to a well-kept hallway, there is a door that leads to the staircase which leads first to a landing. The staircase has subsequently had a door fitted at the bottom, thus creating a private staircase. The landing has 2 panoramic arched openings, which not only make this area pleasing to be in, it also introduces an enormous amount of light into the heart of the apartment. Adjacent to this landing is a large room which could become a pleasing study or even bedroom once restored. There is a second series of stairs that lead to a large hallway with a small room where the WC is. There are several doors that open into various interconnecting rooms, which in the past formed part of the smaller apartment. Still on this level there are a couple of steps that lead up to the rest of the apartment which consists of more than half of the total living space. The property is structurally sound but is in need of renovation. There are several details such as fireplace, original beams, period tiles etc. that could add charactor if restored. Included in the sale are 2 large ground floor cellars. These spaces have been used as storage spaces. This property has great potential.
Large apartment in need of renovation, 160mq. situated in Barga (Lucca) A spacious apartment situated on the first floor of a historic building near in Barga (LU). The property, which is 160mq. in size, in the past was used as two separate living units with shared staircase and services. One enters the building via an iron gate, there is a paved path that leads to an arched doorway which is shared with the ground floor flat. This in turn leads on to a well-kept hallway, there is a door that leads to the staircase which leads first to a landing. The staircase has subsequently had a door fitted at the bottom, thus creating a private staircase. The landing has 2 panoramic arched openings, which not only make this area pleasing to be in, it also introduces an enormous amount of light into the heart of the apartment. Adjacent to this landing is a large room which could become a pleasing study or even bedroom once restored. There is a second series of stairs that lead to a large hallway with a small room where the WC is. There are several doors that open into various interconnecting rooms, which in the past formed part of the smaller apartment. Still on this level there are a couple of steps that lead up to the rest of the apartment which consists of more than half of the total living space. The property is structurally sound but is in need of renovation. There are several details such as fireplace, original beams, period tiles etc. that could add charactor if restored. Included in the sale are 2 large ground floor cellars. These spaces have been used as storage spaces. This property has great potential.
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Currency Exchange
Barga (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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,391 | £64,547 | £2,156 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,391 |
| Maximum cost in the last six months | £64,547 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,156 |
Barga (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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,391 | £64,547 | £2,156 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,391 |
| Maximum cost in the last six months | £64,547 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,156 |
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 £2,156 more.
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