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This property was originally an old house and mill which make up a total of some 200 sq... [ SOLD ]

 Region: Umbria

 Price: EUR € 155 417

 Bedrooms: 4

 Property Type: Villa

 Development State:

 
Description:
This property was originally an old house and mill which make up a total of some 200 sq.mt.

The property can probably be enlarged by 100 sqmt.

Having been built beside a stream, there is a wonderful sound of gurgling water as you stop and absorb the atmosphere. One day when restored, this property will be very special and its occupants, exceptionally fortunate.

The property has a generous garden which enhances its value and allows plenty of space for a secluded swimming pool.

An opportunity to purchase a property that could become two units, one for living and one for rental or resale.

Total restoration costs will be some €700 000 and current resale value, if completed, would be in the region of € 1 200 000. A profit which can be realised in only two years which is the period required for planning, restoration, etc.

Local Town: Mucignano
Title: Freehold
Land: 2 500 sqmt
Extra land: no
Road: fair
Water: well
Electricity: tabf

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