Three-Bed Apartment with Renovation Potential in Montescaglioso
€145,000€1,208/m²
Montescaglioso, Matera, Italy
3
bedrooms
2
bathrooms
120 m²
interior
120 m²
plot
Apartment
property type
Yesterday
listed
The Habio take
AI summaryThis spacious 120-square-metre apartment in Montescaglioso offers great renovation potential and two bathrooms. Located just over 15 kilometres from Matera, it combines local charm with proximity to historical attractions.
- historic
- countryside
- renovation
- quiet
- investment
Highlights
- Three spacious bedrooms
- Two bathrooms
- Ample 120 m² living area
- Versatile tavern space with kitchenette
- Close proximity to Matera and local amenities
- Secure garage and additional storage
Worth knowing
- Property requires renovation to reach full potential
- No lift mentioned for accessibility
Good fit for: Ideal for buyers seeking a renovation project in an authentic Italian setting.
Lifestyle scores
- Beach
- 0
- Walkable
- 50
- Remote work
- 60
- Family
- 70
- Retirement
- 80
- Airport access
- 40
- Investment
- 75
- Luxury
- 50
- Value
- 80
About this place
Discover a unique opportunity in this charming 120-square-metre apartment located in the heart of Montescaglioso, a quaint Italian town famed for its rich history. Situated on the second floor of a prestigious building, the property features three bedrooms and two well-appointed bathrooms, making it ideal for families or guests.
The apartment is in a semi-finished state, allowing room for customisation. It has a spacious living area and a kitchen equipped with a cozy fireplace, perfect for warm gatherings. The property also includes two storage rooms and a delightful veranda, providing tranquil outdoor space.
A noteworthy highlight is the 27-square-metre garage, offering secure parking alongside a convenient cellar for extra storage. Below street level, a captivating 45-square-metre tavern is waiting to be revitalised. With a kitchenette, storage room, bathroom, fireplace, and traditional wood-burning oven, this versatile space can be transformed into a guest suite or home office, enhancing the apartment’s overall value and utility.
Located a short drive from the UNESCO World Heritage Site of Matera, the apartment serves as a fantastic base for exploring Southern Italian culture and natural beauty. The local area is characterized by historical charm, including the notable Abbey of San Michele Arcangelo, enriching the living experience.
What this place offers
- garage
- storage
- veranda
- fireplace
- tavern
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
