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Detached house with service buildings rebuilt in 1950s, partially habitable, and partially to be refurbished
Marradi, Tuscany, Italy
REF: 906107
€230,000
Description
Detached house with service buildings rebuilt in 1950s, partially habitable, and partially to be refurbished. The property is located in the Modigliana Valley, between Florence and the Riviera Romagnola, in a quiet and reserved location known as Parrocchia Bulbana, 5 km from the services of Lutirano, a hamlet situated 18 minutes from Marradi. The main house is on 3 levels and consists of two apartments: Ground floor apartment of approx. 70 sq m consisting of kitchen with fireplace, dining room, 1 single bedroom, 1 double bedroom, 1 bathroom. First-floor apartment of approx. 70 sq m consisting of 2 double bedrooms, 1 single bedroom, 1 bathroom. The second floor is an attic of approx. 70 sq m in need of refurbishment and services. Utilities are not active and partially not present (the radiator heating system is present only on the ground floor). The property boasts a surrounding land of about 8,000 sq m with a tree forest of valuable interest, and 3 buildings, used for agricultural services dating back to the late 1600s, and early 1700s and maintained in working order (stables, warehouses with internal well, shed and oven). The property is accessed from the paved municipal road. Marradi is a town in the region of Tuscany of 3,800 inhabitants, in the province of Florence with services, and restaurants. The municipality is located approx. 1h 45 min from Florence and its airport.
Detached house with service buildings rebuilt in 1950s, partially habitable, and partially to be refurbished. The property is located in the Modigliana Valley, between Florence and the Riviera Romagnola, in a quiet and reserved location known as Parrocchia Bulbana, 5 km from the services of Lutirano, a hamlet situated 18 minutes from Marradi. The main house is on 3 levels and consists of two apartments: Ground floor apartment of approx. 70 sq m consisting of kitchen with fireplace, dining room, 1 single bedroom, 1 double bedroom, 1 bathroom. First-floor apartment of approx. 70 sq m consisting of 2 double bedrooms, 1 single bedroom, 1 bathroom. The second floor is an attic of approx. 70 sq m in need of refurbishment and services. Utilities are not active and partially not present (the radiator heating system is present only on the ground floor). The property boasts a surrounding land of about 8,000 sq m with a tree forest of valuable interest, and 3 buildings, used for agricultural services dating back to the late 1600s, and early 1700s and maintained in working order (stables, warehouses with internal well, shed and oven). The property is accessed from the paved municipal road. Marradi is a town in the region of Tuscany of 3,800 inhabitants, in the province of Florence with services, and restaurants. The municipality is located approx. 1h 45 min from Florence and its airport.
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Currency Exchange
Marradi, 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 €230,000 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 |
|---|---|---|---|
| €230,000 | £189,497 | £199,661 | £10,164 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £189,497 |
| Maximum cost in the last six months | £199,661 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,164 |
Marradi, 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 €230,000 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 |
|---|---|---|---|
| €230,000 | £189,497 | £199,661 | £10,164 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £189,497 |
| Maximum cost in the last six months | £199,661 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,164 |
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 £10,164 more.
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