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3 bedrooms country house/farmhouse
Molazzana (Lucca), Tuscany, Italy
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REF: 758268
€65,000
Description
Former house to be renovated 7ha and panoramic views Gallicano, Lucca. The property is situated in the outskirts of Molazzana near to Gallicano (Lucca). Former house in need of renovation with land and splendid panoramic views. The structure is set on 3 levels with a pleasing internal dynamic. In the past it as used as a house with barn. From the property one has views of the valley, mountains and the many towns on the other side of the Serchio river. In the evening / night there is also a lovely view of the lights from the various villages in the distance. The area is very quiet but is only 5 minutes from the city of Gallicano, where are shops, restaurants, bars and supermarkets. The building is formally classified as a house but has been used as a barn for many years and would become a splendid home once renovated. Planning permission, to completely renovate the property, has been presented and approved. Work can start tomorrow. The grounds are mainly pasture and are slightly sloping. The property would be an ideal property for those who are looking for a renovation project.
Former house to be renovated 7ha and panoramic views Gallicano, Lucca. The property is situated in the outskirts of Molazzana near to Gallicano (Lucca). Former house in need of renovation with land and splendid panoramic views. The structure is set on 3 levels with a pleasing internal dynamic. In the past it as used as a house with barn. From the property one has views of the valley, mountains and the many towns on the other side of the Serchio river. In the evening / night there is also a lovely view of the lights from the various villages in the distance. The area is very quiet but is only 5 minutes from the city of Gallicano, where are shops, restaurants, bars and supermarkets. The building is formally classified as a house but has been used as a barn for many years and would become a splendid home once renovated. Planning permission, to completely renovate the property, has been presented and approved. Work can start tomorrow. The grounds are mainly pasture and are slightly sloping. The property would be an ideal property for those who are looking for a renovation project.
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Currency Exchange
Molazzana (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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,840 | £55,864 | £2,024 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,840 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,024 |
Molazzana (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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,840 | £55,864 | £2,024 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,840 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,024 |
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 £2,024 more.
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