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PANORAMA HOUSE

Ref. Ci 376

Village / Town: Terontola Alta
Size: 150 sqm
Beds / Baths: 4 / 3
Condition: To restore
Garden / Pool: Yes / permissible
Energy label: Energy certificate G
Nearest town with services: Terontola 5 kms - Cortona 12 kms
Price: 195.000 €
City or Zone: Cortona
Province: Arezzo
Region: Tuscany

Request information
  • Location! Location! Location!
  • Incredible panorama
  • South facing
  • In need of total restoration
  • 150 sqm internally
  • 1 hectare of surrounding land
  • Would create 3 – 4 bedrooms
  • Extension possible
  • Pool possible

 

Wow!  Definitely a location, location, location property with the most stunning of views! In need of total restoration, Panorama House is 150 sqm internally with the possibility of an extension.  A pool would be permitted. 

The size of the property would allow for 3-4 bedrooms and bathrooms. It comes with 1 hectare of surrounding land. Realistically, the cost of a restoration would be a minimum of E.350,000 + VAT. Depending on one’s choice of materials, whether or not one applied for an extension, installed a pool and landscaped the garden, this sum could easily be exceeded, but the asking price is very fair  making it an interesting investment and proposition for someone wishing to take on an exciting project in a prime location. 

The access road is poor and the house is currently accessible only by jeep. The cost of making good the road - approx. 600 metres long - would be circa E.17,000 + IVA.

The property is located in Cortona’s Farinaio area which is just off a scenic country road along which views of  olive groves and Lake Trasimeno dominate. It is a 15-20 minute drive to the lakeside towns – Passignano and Tuoro - where there are some really excellent fish restaurants and a seaside atmosphere. In fact, the property is in an excellent location for day trips, with most of Umbria and Tuscany’s best loved towns within a radius of 60 – 90 minutes.

Cortona is at a distance of circa 12 kms, Terontola – the nearest small town with all services and a Friday market – is about 5 kms away. Terontola has a main line train station (Rome-Florence-Milan) and excellent motorway access.

Perugia airport is 40 mins away, Florence 1hr 30 mins, Rome 2hrs 30 mins.

 

Annual council tax - Euro 400 (as an unrestored property)
Purchase taxes for a non-resident - Euro 6.000
Notary fees and expenses - Euro 2.500 + Escrow account (0,5% of monies deposited)

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