Historic Farmhouse Complex with Twelve Apartments in Castano Primo
€550,000€275/m²
Castano Primo, Lombardy, Italy
12
bedrooms
12
bathrooms
2,000 m²
interior
1,000 m²
plot
Apartment
property type
Today
listed
The Habio take
AI summaryThis farmhouse complex in Castano Primo offers twelve apartments ideal for renovation, presenting a strong investment opportunity. Located just 10 minutes from Milan Malpensa Airport, the property combines rustic charm with exceptional potential for hospitality or residential development.
- investment
- rental income
- historic
- countryside
- quiet
Highlights
- 12 apartments available for renovation
- 3 units fully renovated and ready
- 10 minutes from Milan Malpensa Airport
- Change of use from agricultural to residential in progress
- Ideal for hospitality or residential development
- Surrounded by natural beauty and walking trails
Worth knowing
- Investment requires significant renovation
- Limited immediate cash flow from the unrenovated units
Good fit for: Ideal for investors or developers seeking a high-potential project in a convenient location.
Lifestyle scores
- Beach
- 0
- Walkable
- 50
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 90
- Investment
- 85
- Luxury
- 70
- Value
- 80
About this place
This historic farmhouse complex in Castano Primo features 2,000 square meters of space and twelve distinct apartments that are primed for renovation. Three apartments have already been expertly updated, providing immediate occupancy or rental options, while the remaining nine units offer a blank canvas for future development initiatives.
The property's current change of use from agricultural to residential is in progress, which is expected to complete in September 2026. This simplifies the path toward full residential transformation, increasing the long-term viability of the estate as a lucrative investment. The prime location, just 10 minutes from Milan Malpensa Airport, positions it perfectly for capitalising on the tourism boom.
Castano Primo itself is rich in history and natural beauty, featuring traditional architecture and easy access to the extensive walking and cycling trails of the Parco Naturale Lombardo della Valle del Ticino. This unique blend of historical value and commercial potential creates a compelling opportunity for those looking to invest in the growing European property market.
What this place offers
- parking
- garden
- furnished
Where you’ll be
Castano Primo, Lombardy, 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
