3 Bed Apartment For Renovation Sale In Montescaglioso Italy
€145,000€1,208/m²
Montescaglioso, Matera, Italy
3
bedrooms
2
bathrooms
120 m²
interior
120 m²
plot
Apartment
property type
Today
listed
About this place
3 Bed Apartment For Renovation Sale In Montescaglioso Italy
Esales Property ID: es5554462
Via Fiume 28 (Second floor)
75024 Montescaglioso (MT)
A Unique Opportunity: Spacious Apartment with Potential in Montescaglioso, Italy
Discover this exceptional 120-square-meter apartment nestled within a prestigious building in the heart of Montescaglioso, a charming town just over 15 kilometers from the renowned city of Matera. Built in 1994 and served by a convenient condominium elevator, this property presents a unique opportunity for renovation and personalized living.
A Spacious and Versatile Layout
The apartment, currently in a semi-finished state, boasts a thoughtfully designed layout.
* Key Features:
* Three bedrooms offering ample space for family or guests.
* Two well-appointed bathrooms.
* A spacious living area, perfect for relaxation and entertaining.
* A charming kitchen featuring a cozy fireplace, ideal for intimate gatherings.
* Two convenient storage rooms.
* A delightful veranda, offering a tranquil outdoor space.
Read More
The apartment is equipped with essential infrastructure, including plumbing, heating, and electrical systems. Furthermore, it already features fixtures and a secure entry door for added peace of mind.
Exceptional Value with Significant Potential
This property offers significant potential for enhancement.
* Included Amenities: A spacious 27-square-meter garage provides secure parking and includes a convenient cellar for storage.
* Hidden Gem: A captivating 45-square-meter tavern awaits below street level. This finished space boasts a kitchenette, a storage room, a bathroom, a cozy fireplace, and a traditional wood-burning oven. Requiring only a connection to the sewage system, this versatile space presents an exciting opportunity for renovation. It could easily be transformed into a separate apartment, a home office, or a charming guest suite, significantly increasing the property’s value and versatility.
Montescaglioso: A Gateway to Southern Italian Charm
Located just a short distance from the renowned city of Matera, a UNESCO World Heritage Site, Montescaglioso offers a unique blend of history, culture, and natural beauty. Explore the charming town center, discover local artisans, and immerse yourself in the vibrant local culture.
This property presents a unique opportunity to acquire a spacious apartment with significant potential in a charming Italian town. With a few finishing touches and the renovation of the existing tavern, this property can be transformed into a stunning residence or a lucrative investment opportunity.
ABOUT THE AREA
Montescaglioso, a charming town in the province of Matera, boasts a rich history dating back centuries. Situated in the heart of the Basilicata region, it offers a glimpse into authentic Italian life, blending historical charm with modern comforts.
The town is renowned for its historical significance, particularly the Abbey of San Michele Arcangelo, a magnificent example of medieval architecture. The abbey, with its impressive cloister and intricate details, stands as a testament to the town’s rich past.
Montescaglioso offers a tranquil escape from the bustling city life, with opportunities to explore the surrounding countryside, savor local cuisine, and experience the warm hospitality of the local community.
The nearest major airport to Montescaglioso is Bari Karol Wojtyła Airport (BRI), located approximately 150 kilometers away.
This information provides a concise and informative overview of Montescaglioso, highlighting its historical significance, cultural charm, and proximity to major transportation hubs.
MAiN FEATURES:
* 120m2 of living space
* 3 Bedrooms
* 2 Bathrooms
* Stunning Views
* Private Parking
* Close to essential amenities such as supermarkets and pharmacies
* Close to many excellent bars and restaurants
* Great base from which to discover other fantastic areas of Italy
* Many excellent sports facilities, walking and cycling areas nearby
* Rental Potential through Airbnb and Booking.com
Contact us today to buy or sell property in Italy fast online
Where you’ll be
Montescaglioso, Matera, 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
