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Castle-hamlet in Umbria
Montecastrilli, 84, Italy
REF: 837133
€1,550,000
Description
Along the Roman Via Amerina, which crosses the western part of the Umbrian territory, stand the remains of this ancient castle in need of renovation of approximately 1,000 sqm. The property includes a country house, a 1,800 sqm stable and 130 hectares of land divided into 65 hectares of arable land cultivated with cereals, 10 hectares of pasture and 55 hectares of forest. Traces of the ancient castle can be found in a document from 1238 among the castles destroyed by Todi, the remains of the walls are incorporated into the structure of the farm of the same name. The utilities reach up to the village. The property needs to be completely renovated. The entire village lends itself perfectly to a tourist accommodation activity, aimed at the redevelopment of an entire urban area, of great historical, cultural and landscape importance. In the municipality of Montecastrilli in an intact and evocative landscape context, a few km from amenities.The Great Estate group carries out a technical due diligence on each property acquired, through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the customer at the time of a real interest in the property.
Along the Roman Via Amerina, which crosses the western part of the Umbrian territory, stand the remains of this ancient castle in need of renovation of approximately 1,000 sqm. The property includes a country house, a 1,800 sqm stable and 130 hectares of land divided into 65 hectares of arable land cultivated with cereals, 10 hectares of pasture and 55 hectares of forest. Traces of the ancient castle can be found in a document from 1238 among the castles destroyed by Todi, the remains of the walls are incorporated into the structure of the farm of the same name. The utilities reach up to the village. The property needs to be completely renovated. The entire village lends itself perfectly to a tourist accommodation activity, aimed at the redevelopment of an entire urban area, of great historical, cultural and landscape importance. In the municipality of Montecastrilli in an intact and evocative landscape context, a few km from amenities.The Great Estate group carries out a technical due diligence on each property acquired, through the seller's technician, which allows us to know in detail the urban and cadastral status of the property. This due diligence may be requested by the customer at the time of a real interest in the property.
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Currency Exchange
Montecastrilli, 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,283,881 | £1,332,148 | £48,267 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,283,881 |
| Maximum cost in the last six months | £1,332,148 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,267 |
Montecastrilli, 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,283,881 | £1,332,148 | £48,267 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,283,881 |
| Maximum cost in the last six months | £1,332,148 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,267 |
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 £48,267 more.
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