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The flat is located in the heart of Vignola, a quiet and historic Italian town in the province of Modena
Modena, Emilia Romagna, Italy
REF: 720649
€145,000
Description
The flat is located in the heart of Vignola, a quiet and historic Italian town in the province of Modena. Spacious, bright and with a belvedere, it dominates the city centre from the top of the third floor. Built in the 1970s, the property fits harmoniously into the urban fabric, embellished by the splendid Villa Comunale park and tree-lined flowerbeds that provide shade and coolness during the warmer months. The flat consists of an entrance to the living room and open kitchen with terrace, a hallway for sleeping, two double bedrooms, and a bathroom. The offer includes a cellar that is also useful for storing bicycles, for example, given the proximity to the bicycle paths. As far as the state of the building is concerned, one of its strong points is certainly the centrality of the building, which makes all services, offices, supermarkets, and access to infrastructure and public transport a breeze, whether on foot or by bicycle, perhaps the most convenient way to appreciate the town. In fact, we are just a stone's throw away from the market open on Thursdays, known for the freshness and quality of its typical food products, whose square is visible from the flat. As far as the interior is concerned, one notices the passage of time and therefore the need for modernisation work, but the fine materials used at the time of construction jump to the eye, and we see this especially in the wooden floors laid in a herringbone pattern with inlays, while the high ceilings give the rooms ample space and brightness, encapsulating the stately essence of the object. The interior layout is absolutely functional and rational, while the independent heating system allows for optimisation in terms of both living comfort and consumption. In addition to being a suitable solution for families, the flat's income cannot be excluded. With two doubles, the solutions for potential tenants are multiple and the yield could be of certain interest.
The flat is located in the heart of Vignola, a quiet and historic Italian town in the province of Modena. Spacious, bright and with a belvedere, it dominates the city centre from the top of the third floor. Built in the 1970s, the property fits harmoniously into the urban fabric, embellished by the splendid Villa Comunale park and tree-lined flowerbeds that provide shade and coolness during the warmer months. The flat consists of an entrance to the living room and open kitchen with terrace, a hallway for sleeping, two double bedrooms, and a bathroom. The offer includes a cellar that is also useful for storing bicycles, for example, given the proximity to the bicycle paths. As far as the state of the building is concerned, one of its strong points is certainly the centrality of the building, which makes all services, offices, supermarkets, and access to infrastructure and public transport a breeze, whether on foot or by bicycle, perhaps the most convenient way to appreciate the town. In fact, we are just a stone's throw away from the market open on Thursdays, known for the freshness and quality of its typical food products, whose square is visible from the flat. As far as the interior is concerned, one notices the passage of time and therefore the need for modernisation work, but the fine materials used at the time of construction jump to the eye, and we see this especially in the wooden floors laid in a herringbone pattern with inlays, while the high ceilings give the rooms ample space and brightness, encapsulating the stately essence of the object. The interior layout is absolutely functional and rational, while the independent heating system allows for optimisation in terms of both living comfort and consumption. In addition to being a suitable solution for families, the flat's income cannot be excluded. With two doubles, the solutions for potential tenants are multiple and the yield could be of certain interest.
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Currency Exchange
Modena, Emilia Romagna, 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 €145,000 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 |
|---|---|---|---|
| €145,000 | £120,623 | £124,790 | £4,167 |
| Property Price € | €145,000 |
| Minimum cost in the last six months | £120,623 |
| Maximum cost in the last six months | £124,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,167 |
Modena, Emilia Romagna, 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 €145,000 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 |
|---|---|---|---|
| €145,000 | £120,623 | £124,790 | £4,167 |
| Property Price € | €145,000 |
| Minimum cost in the last six months | £120,623 |
| Maximum cost in the last six months | £124,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,167 |
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 £4,167 more.
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