Situated in a setting of complete privacy, Tenuta Il Novello represents a perfect blend of the beauty of the Tuscan countryside and the convenience of being a short distance from the town center and all amenities. This charming estate includes a main stone farmhouse dating back to 1840, accompanied by three dependences and exclusive land of approximately 2.3 hectares.
The main farmhouse, approximately 350 sqm, extends over three levels: on the ground floor are two arcaded porches, the entrance, two living rooms adorned with large brick arches and featuring a large double-sided fireplace, a kitchen with pantry, two bedrooms, and a bathroom. On the first floor, accessible both by an internal staircase and the original external staircase, there are four bedrooms and three bathrooms, plus a sitting area with a fireplace opening onto the loggia. The second and top floor attic space includes a spacious room with access to a panoramic terrace, perfect for moments of relaxation, offering enchanting views over the Cetona countryside.
The first dependence, located opposite the main farmhouse, is arranged on a single level and includes a living area, a kitchen, a bedroom, and a bathroom, providing ideal space for guests or recreational activities.
The second dependence comprises a porch, entrance, kitchen-dining room, two bedrooms, and a bathroom on the ground floor. The basement houses two cellars and adjacent access to a grotto.
The third dependence, in fair maintenance condition and with great potential despite not being used for several years, includes an entrance, kitchen, lounge, two bedrooms, and two bathrooms, one of which is en-suite with one of the bedrooms.
The entire estate is surrounded by exclusive land of approximately 2.3 hectares, which also includes a small building in need of renovation, as well as an olive grove with around 170 trees and a small vineyard cultivated with Sangiovese and Merlot grapes.
Tenuta Il Novello represents a unique opportunity for those wishing to live immersed in nature, enjoying maximum privacy without sacrificing the convenience of being close to the town and services.
Characteristics
Property type
Elite
Object type
House
Price
1 972 418 $
Land area
23464 m²
Year of construction
1840
FAQ
How can I get a residence permit by buying property in Italy?
In Italy a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Siena; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Italy?
Banks in Italy finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in Italy?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in Italy?
A title search at the land registry of Italy takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in Italy?
Yes. Rental income tax is 5–25% depending on the regime. In Siena short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (1 972 418 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Italy?
A typical transaction runs 30–90 days, averaging 45 in Siena: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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