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Inside a castle, stone portion with cellars and large detached garden
Panicale, Umbria, Italy, 06068
REF: 944328
€180,000
Description
Inside Mongiovino Vecchio castle, portion of building with large cellars on the ground floor, dwelling on the first floor and large detached garden. Exclusive location. Open view of the valley. Inside the Castello di Mongiovino Vecchio, a summit castle built in 1312 that dominates the entire valley, portion of a stone building on two levels for a total of 120 sqm divided as follows:Ground floor: three storage rooms of 35 sqm in total used as woodshed and tool shed;First floor: dwelling of about 85 sqm consisting of large living room with fireplace and kitchenette, large double bedroom with ensuite bathroom with shower, large double bedroom, small bedroom and bathroom with shower. All the windows offer an open view of the surrounding valley and Mount Subasio.The property underwent a conservative renovation about 10 years ago and includes a garden detached from the building of about 500 sqm which is spread over two very large terraces and located on the tower of the castle.Unique object.
Inside Mongiovino Vecchio castle, portion of building with large cellars on the ground floor, dwelling on the first floor and large detached garden. Exclusive location. Open view of the valley. Inside the Castello di Mongiovino Vecchio, a summit castle built in 1312 that dominates the entire valley, portion of a stone building on two levels for a total of 120 sqm divided as follows:Ground floor: three storage rooms of 35 sqm in total used as woodshed and tool shed;First floor: dwelling of about 85 sqm consisting of large living room with fireplace and kitchenette, large double bedroom with ensuite bathroom with shower, large double bedroom, small bedroom and bathroom with shower. All the windows offer an open view of the surrounding valley and Mount Subasio.The property underwent a conservative renovation about 10 years ago and includes a garden detached from the building of about 500 sqm which is spread over two very large terraces and located on the tower of the castle.Unique object.
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Currency Exchange
Panicale, Umbria, Italy, 06068
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,302 | £152,296 | £3,994 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,302 |
| Maximum cost in the last six months | £152,296 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,994 |
Panicale, Umbria, Italy, 06068
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,302 | £152,296 | £3,994 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,302 |
| Maximum cost in the last six months | £152,296 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,994 |
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 £3,994 more.
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