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Detached panoramic Villa in habitable condition located in the hamlet of Loveno, just 5 minutes away from Menaggio town centre and 10 minutes drive away from the Golf Club
Menaggio, Lombardy, Italy
REF: 912129
€530,000
Description
Detached panoramic Villa in habitable condition located in the hamlet of Loveno, just 5 minutes away from Menaggio town centre and 10 minutes drive away from the Golf Club. The villa is on 3 levels and composed by a basement with garage, laundry room and cellar; The ground floor has a large living room with panoramic floor-to-ceiling windows, habitable kitchen, 1 double bedroom and 2 single bedrooms, 2 bathrooms and access to the lake view terrace of 50 sq m equipped with barbecue area; On the top mezzanine floor there is a master bedroom with en-suite bathroom, walk-in closet and access to a 7 sq m terrace with lake view. Utilities are connected with heating system and solar panels for the hot water. The Villa has been built in 1996 and entirely restored in 2006; the insulated roof and the thermal coat improve the building energy efficiency. The property comes with a garden of 400 sq m with possibility to install a small swimming pool.
Detached panoramic Villa in habitable condition located in the hamlet of Loveno, just 5 minutes away from Menaggio town centre and 10 minutes drive away from the Golf Club. The villa is on 3 levels and composed by a basement with garage, laundry room and cellar; The ground floor has a large living room with panoramic floor-to-ceiling windows, habitable kitchen, 1 double bedroom and 2 single bedrooms, 2 bathrooms and access to the lake view terrace of 50 sq m equipped with barbecue area; On the top mezzanine floor there is a master bedroom with en-suite bathroom, walk-in closet and access to a 7 sq m terrace with lake view. Utilities are connected with heating system and solar panels for the hot water. The Villa has been built in 1996 and entirely restored in 2006; the insulated roof and the thermal coat improve the building energy efficiency. The property comes with a garden of 400 sq m with possibility to install a small swimming pool.
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Currency Exchange
Menaggio, Lombardy, 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 €530,000 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 |
|---|---|---|---|
| €530,000 | £436,667 | £455,509 | £18,842 |
| Property Price € | €530,000 |
| Minimum cost in the last six months | £436,667 |
| Maximum cost in the last six months | £455,509 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,842 |
Menaggio, Lombardy, 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 €530,000 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 |
|---|---|---|---|
| €530,000 | £436,667 | £455,509 | £18,842 |
| Property Price € | €530,000 |
| Minimum cost in the last six months | £436,667 |
| Maximum cost in the last six months | £455,509 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,842 |
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 £18,842 more.
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