Elegant Penthouse Apartment in Historic Panicale
€198,000€1,131/m²
Umbria, Italy
2
bedrooms
2
bathrooms
175 m²
interior
175 m²
plot
Apartment
property type
Today
listed
The Habio take
AI summaryThis stunning 2-bedroom penthouse apartment, occupying the top two floors of a beautifully restored building, is located in the heart of Panicale. Just 15 minutes from Lake Trasimeno and within easy reach of Perugia and Assisi, it offers a perfect blend of historic charm and modern convenience.
- historic
- countryside
- investment
- rental income
Highlights
- Spacious 2-bedroom, 2-bathroom layout
- Stunning panoramic countryside views
- Restored features with modern amenities
- Close to Lake Trasimeno and historic cities
- Potential for holiday rental income
Worth knowing
- Steep internal staircase may not suit all buyers
- Parking primarily street-based
Good fit for: Ideal for those seeking a blend of historic charm and modern convenience, particularly as a holiday retreat or rental investment.
Lifestyle scores
- Beach
- 50
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 80
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 85
About this place
Located at 27 Piazza Giuseppe Mazzini in Panicale, this beautiful apartment spans 175 square meters and features a spacious living/dining room that runs the length of the building. The separate, fully equipped kitchen is ideal for family gatherings, while two large bedrooms are complemented by a large main bathroom and a smaller second bathroom.
The apartment retains many original features, including ancient wooden beams and a wood-burning fireplace. An internal staircase leads to an upper floor with additional large rooms suitable for various uses, all illuminated by skylights and opening onto a covered terrace with panoramic views of the surrounding countryside. With no condominium fees and the option to purchase furnished, this apartment is a fantastic opportunity in a picturesque setting.
Perugia, the capital of the Umbria region, is known for its medieval architecture and rich history. The area offers a variety of essential amenities, including restaurants, cafes, shops, and excellent sports facilities, making it an ideal base to explore the enchanting landscapes and cultural heritage of Italy.
What this place offers
- furnished
- heating
- fireplace
- terrace
- storage
- public parking
Where you’ll be
Umbria, Italy
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Italy
Italy is open to most foreign buyers under reciprocity rules (EU/EEA buyers always; non-EU buyers from countries with bilateral agreements, which covers the UK, US, Canada, Australia and most major markets). A codice fiscale is required, and a notaio handles the conveyance as a neutral public official. An independent lawyer or geometra is strongly recommended for due diligence.
- 1
Get a codice fiscale
Italian tax code — apply at any Agenzia delle Entrate office or an Italian consulate abroad. Free and fast.
- 2
Make a proposta d'acquisto
Written purchase proposal with a small deposit (typically €1,000–€5,000). Binding on the buyer for an agreed period; becomes binding on both parties when the seller accepts.
- 3
Due diligence
Geometra or lawyer checks cadastral records, planning compliance (conformità urbanistica), title, and any debts or mortgages attached to the property.
- 4
Sign the compromesso (preliminare)
Preliminary contract with a deposit of 10–20% (caparra confirmatoria). If buyer withdraws they forfeit it; if seller withdraws they pay double.
- 5
Final searches by the notaio
Notaio runs title and mortgage searches at the Conservatoria dei Registri Immobiliari and prepares the final deed.
- 6
Sign the rogito (atto di compravendita)
Final deed signed at the notaio's office (or by power of attorney). Balance paid, taxes paid, keys handed over.
- 7
Registration
Notaio registers the deed with the tax authority and land registry within 30 days.
The prima casa (primary residence) tax rate of 2% requires you to declare residency in the same comune within 18 months of completion — failure means back-taxes plus penalties. The €1 home schemes in southern villages are real but come with strict renovation deadlines (typically 3 years) and security deposits. Non-resident mortgages from Italian banks are available but limited (typically 50–60% LTV).
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
