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5 bedrooms detached house
Sillico (Lucca), Tuscany, Italy
REF: 77442
€500,000
Description
Unique opportunity to acquire a historic watermill in the heart of the Garfagnana, sensitively renovated, with swimming pool. The property consists of 2 buildings separated by a courtyard. The structures in total amount to 175mq. The property sleeps 10 people and is rented during the summer months to clients who want to holiday in a secluded rural idle. The renovation has incorporated modern commodities such as central heating, bathrooms etc but retains the flavour of the original structure. Interestingly the mill has 4 millwheels of which 3 are still working if needs be. One reaches the property via a private road and a private foot bridge. The nearest village with bar and shop is Sillico 3km, Castelnuovo in Garfagnana 9km, Lucca 30km and Pisa 46km.
Unique opportunity to acquire a historic watermill in the heart of the Garfagnana, sensitively renovated, with swimming pool. The property consists of 2 buildings separated by a courtyard. The structures in total amount to 175mq. The property sleeps 10 people and is rented during the summer months to clients who want to holiday in a secluded rural idle. The renovation has incorporated modern commodities such as central heating, bathrooms etc but retains the flavour of the original structure. Interestingly the mill has 4 millwheels of which 3 are still working if needs be. One reaches the property via a private road and a private foot bridge. The nearest village with bar and shop is Sillico 3km, Castelnuovo in Garfagnana 9km, Lucca 30km and Pisa 46km.
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Currency Exchange
Sillico (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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £434,045 | £22,095 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,095 |
Sillico (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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £434,045 | £22,095 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,095 |
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 £22,095 more.
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