Seeking to buy a farmhouse in Umbria (3)
Budget - € 600,000 for a habitable property
Useage - living full time
Land - large enough for self sufficiency, vegetables/ olives/ grapes/ fruit etc.
Outbuildings - to be turned into holiday accommodation for guests, not to run a B&B.
Distance to village – within 10km
............thanks for this and the list of "possibles"
A check list for the properties you have listed matched against your requirements above
|Budget / Price||Restoration Budget||Land Required||Outbuildings||High Position|
|550 000||0||1000 sqmt?|
|1204 Due Campane,||550 000||yes||yes|
|008 Villa Colle,||450 000||yes||yes|
|019 Lugelle,||275 000||no||no|
|020 Lugande,||375 000||yes||no|
|029 Casa Giulia,||450 000||yes||yes|
|556b Ruffignano||600 000||no||yes|
|890 Cipressi,||600 000||yes||yes|
Properties in a ruined condition in this area of Italy cost in the region of € 750 / 1000 per square meter. Rebuilding costs are some € 1000 sqmt. So with rebuilding and or restoration most of these properties are out of budget, and the others are situated in a low position.
An average family house, see 012 Moscatelli, is some 175 sqmt, holiday accommodation for a family of four needs to be some 80 sqmt.
Land for self sufficiency, obviously depending on crops, would be some 1000 sqmt
You will quickly see that on a budget of € 550,000 you have to work backwards and more or less divide this sum by 2000 which is the probable cost of a rebuilt building, taking into account fees, taxes, etc etc., so we come down to some 275sqmt of affordable building.
So, from your list:
1204 has 590 sqmt, so probably too large,
008, has 1000 sqmt "
019, has 240 sqmt, ideal, but low position
020, has 300 sqmt, a bit larger, but with an annex for guests, also a low position
029, 1220 sqmt, and a ruin
556b, part of a complex to be rebuilt, but no land for cultivation
890, 600 sqmt, highish with views, with sufficient land, with four structures which could be rebuilt over time. But as the cost exceeds your budget and as there is no provision for restoration costs, also out of the possibilities.
So we now need to look for something in your budget serving most of your requirements:
Reconsider the position of 019 Lugelle, as size, land and condition are adequate
002 Terra Nuova Marte, lowish
Part of 004 Casetta, good position
103 Ruscello, low, but with a stream
379 Petriolo, which can be enlarged by 100 sqmt, high with a spring
502 Rovina, low, with a stream
Part of 889 Meotti, excellent high position
936 Palazetto Nuovo, total expenditure within budget, with exceptional views, 2km from Montone, and bearing in mind that the additional cost of guest space of some 80 sqmt for occasional use would far exceed the cost of renting an adjacent property for the times when guests are in the area.
1044 Rosa Spina, ugly, habitable, all services connected, outbuildings, views and land. Superficial cosmetics on the main structure would transform the property.
1130 Santa Lucia, not sufficient land but adjacent farmers would probably be willing to rent a field or two.
1142 Casa Rocca is also a distinct possibility as the price, position, land and condition seem to match your requirements
Plenty to think about
Look forward to meeting up with you to discuss the possibilities further.