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2 Storey ancient stone built Noble Villa with baglio situated in a peaceful location in the countryside of Modica
Modica, Sicily, Italy
REF: 910645
€900,000
Description
2 Storey ancient stone built Noble Villa with baglio situated in a peaceful location in the countryside of Modica. The property is in good structural condition and requires internal refurbishment. It boasts original mosaic floors, high vaulted ceiling, stone-built arches and frescoes. The property also boasts a panoramic terrace with view over the Noto Valley. This building currently comprises 18 rooms: - 5 stables measuring 400 sq. m, spreads on 1 level storey and have been structurally restored including roofs. The stables boast exposed wooden beam ceiling. Due to the height of the ceiling, there is a possibility of creating mezzanine floors should one wish. These buildings only require internal finishing. - 4 stone-built outbuildings of 300 sq. m require a full restoration. -Ancient millstone with stables for a further 300 sq. m requires full restoration. Built in stone, it boasts high ceiling. The property develops around a 800 sq. m stone paved courtyard (baglio) and it is surrounded by 10 hectares of land, mainly flat and with some terraced areas planted with century old carob trees and olive groves. The property is fenced by dry-stone wall and the access road is well maintained and tarred. All utilities are already on site and there is also a private artesian well as well as various stone-built water tanks. There is a possibility of installing a pool. There are adjacent plots on sale for a total of 23 hectares with buildings for a total surface of 1,500 sq m. The property is located just 9 km from baroque historic centre and 3 km from the nearest village with local shops and services.
2 Storey ancient stone built Noble Villa with baglio situated in a peaceful location in the countryside of Modica. The property is in good structural condition and requires internal refurbishment. It boasts original mosaic floors, high vaulted ceiling, stone-built arches and frescoes. The property also boasts a panoramic terrace with view over the Noto Valley. This building currently comprises 18 rooms: - 5 stables measuring 400 sq. m, spreads on 1 level storey and have been structurally restored including roofs. The stables boast exposed wooden beam ceiling. Due to the height of the ceiling, there is a possibility of creating mezzanine floors should one wish. These buildings only require internal finishing. - 4 stone-built outbuildings of 300 sq. m require a full restoration. -Ancient millstone with stables for a further 300 sq. m requires full restoration. Built in stone, it boasts high ceiling. The property develops around a 800 sq. m stone paved courtyard (baglio) and it is surrounded by 10 hectares of land, mainly flat and with some terraced areas planted with century old carob trees and olive groves. The property is fenced by dry-stone wall and the access road is well maintained and tarred. All utilities are already on site and there is also a private artesian well as well as various stone-built water tanks. There is a possibility of installing a pool. There are adjacent plots on sale for a total of 23 hectares with buildings for a total surface of 1,500 sq m. The property is located just 9 km from baroque historic centre and 3 km from the nearest village with local shops and services.
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Currency Exchange
Modica, Sicily, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £741,510 | £761,481 | £19,971 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £741,510 |
| Maximum cost in the last six months | £761,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,971 |
Modica, Sicily, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £741,510 | £761,481 | £19,971 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £741,510 |
| Maximum cost in the last six months | £761,481 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,971 |
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 £19,971 more.
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