6 bedroom Farmhouse for sale with countryside and panoramic views with Income Potential in Panicale, Umbria
This detached 1920's farmhouse is spread over three levels, offering a total floor area of approximately 270m2, plus a veranda, a panoramic terrace, a guest house, outbuildings and extensive surrounding grounds. The farmhouse is laid out as follows:
BASEMENT of approximately 90 m2 comprising an apartment with a separate entrance of approximately 50 m2 with living room, hallway, kitchen, bedroom and bathroom; areas used as cellars and a boiler room totalling approximately 40m2;
GROUND FLOOR of approximately 90m2...
This detached 1920's farmhouse is spread over three levels, offering a total floor area of approximately 270m2, plus a veranda, a panoramic terrace, a guest house, outbuildings and extensive surrounding grounds. The farmhouse is laid out as follows:
BASEMENT of approximately 90 m2 comprising an apartment with a separate entrance of approximately 50 m2 with living room, hallway, kitchen, bedroom and bathroom; areas used as cellars and a boiler room totalling approximately 40m2;
GROUND FLOOR of approximately 90m2, accessed via the main entrance with a large porch, comprising: hallway, dining room with fireplace, kitchen, large living room with fireplace, bathroom, bedroom and a traditional stone staircase leading to the first floor;
FIRST FLOOR of approximately 90m2, comprising a hallway, four double bedrooms, a bathroom and a panoramic terrace with views over Panicale and the valleys.
The property includes a delightful annex of approximately 40m2, just a few metres from the farmhouse, fully and tastefully renovated, with a kitchen-dining room and bathroom, and a former pigsty of 8m2 requiring renovation.
The land comprises a total area of approximately 74,000 m2 and consists of the building's courtyard/garden, a driveway, an olive grove with approximately 400 olive trees (approximately 20,950 m2), arable land (approximately 24,250 m2), woodland (approximately 3,500 m2), pasture (approximately 19,000 m2) and vineyard (approximately 6,300 m2).
The land also includes a well about 40 metres deep and a small pond.
The farmhouse was built in the 1920s and underwent partial renovation in the 1980s.
All utilities are in place and connected to the national or local networks, including mains water, the well and electricity.
Currently the farmhouse requires renovation (roof replacement, structural reinforcement, services, fixtures, bathrooms and interior finishes). Situated just 1.5 km from the historic centre of Panicale, in a secluded location yet with easy access via a road in good condition.
Despite its hillside location, the surrounding courtyard is easily accessible and level.
It enjoys a splendid view of the countryside and the surrounding green valleys.
Share on Twitter / X
Share on Facebook
Share on Pinterest
Share on Email
PrintFeatures
Fees Paid By SellerLocation
Where is this property?
This Farmhouse is located in Panicale in Italy
For security, the map shows the nearest town or village. Please get in touch for full details.
Search Location
Find Properties near Panicale
Airports near Panicale
More Luxury Properties
Similar Properties
Nearest Properties
Featured Properties
Recently Viewed
Buying Real Estate in Italy
1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.
2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.
3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.
4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.
IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.