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House 536 м² in Siena, Italy

ID 4Oh4Q
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Area
536 m²
Bedrooms
3
Bathrooms
1

Description

House . City - Siena

Interesting property in a panoramic location with a Nobile vineyard in Montepulciano. The real estate complex consists of two residences: one dating back to the mid-1970s of approximately 310 sqm and the other an old farmhouse of about 200 sqm, completely in need of renovation. Completing the property are agricultural lands covering about 3.5 hectares, including 1 hectare of vineyard registered as Nobile di Montepulciano, an olive grove with around 400 olive trees, arable land with some fruit trees, and a small portion of woodland. The real estate complex comprises two buildings totaling roughly 500 sqm, situated in an open and panoramic position overlooking Montepulciano. The more recent unit, built in the mid-1970s, is a rural residence with relevant accessories and appurtenances. The living area is located on the first floor, accessible by an external staircase, and comprises a kitchen-dining room, living room, corridor, bathroom, and three bedrooms. On the ground floor, there is a garage extending underneath the living quarters, while the basement houses a cellar beneath part of the garage and an additional underground garage separated from the main structure. Between this underground garage and the cellar is located the heating plant. The maintenance condition is decent but requires overall modernization. The other unit, around 200 sqm, is located slightly downhill from the first residence; it is an old farmhouse with outbuildings and appurtenances, featuring a living area with a storage room and a wood-fired oven accessible from the exterior on the ground floor. The interior comprises a living room, hallway, bathroom, and three bedrooms; the basement contains a cellar. Also, on the basement level with independent access, there are three additional rooms used as storage and utility rooms beneath the living quarters. Outside the building’s footprint, there are small stables and volumes for courtyard animals. At ground level, detached from the main building, there is a garage. This farmhouse is entirely in need of restoration. The property is completed by a water-rich land area of about 3.5 hectares, including 1 hectare of Nobile vineyard, an olive grove with 400 productive olive trees, and the remainder cultivated as arable land with some fruit trees and a small wooded area. The newer residence is in fair condition, while the old farmhouse requires full renovation. Both, however, need upgrading and restoration works, though with different scales and importance. This estate is perfectly suited for agricultural development, residential use, tourist-hospitality purposes, or a combination thereof.

Characteristics

Property type
Elite
Object type
House
Price
723 255 $
Land area
37330 m²
Year of construction
1800

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 (723 255 $) 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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