Properties for sale in Umbria, Italy

This property for sale in Umbria, Italy sits in the centre of a small flat plain, just to the east of the Tiber (Tevere) River. Here lies the remains of a farming community, a tenuta, which has the potential to be restored and divided into a variety of houses, flats or appartments.

What makes this group of buildings unique is their proximity to a landing strip and a hangar for light aircraft. This estate, when fully developed, will have the unusual luxury for the owners of being able to park their personal aircraft within 50 metres of their front door.

Obviously the size of the project will be daunting to many investors, but the numbers do add up, and the probability of making a substantial profit should be reasonably apparent.

Purchase cost €750,000, legal fees €50,000. Restoration costs, over a three-year period 1500 square metres x €2100 per square metres, €3,150,000. Therefore total costs over a four year period of €3,950,000.

Current value, in this area, of a restored property, divided into units of 80 – 150 square metres, with landscaping, swimming pool etc, is €3,000 per square metre, therefore this site should be worth €4,500,000 when complete. Add the 10 per cent annual increase in the property values in this part of Italy, and deduct 5 per cent as the cost or value of the investment capital. So, a net gain of 5 per cent per annum for the three-year period, 5 per cent x 3 years 675.000 = €5,175,000.

For more on this property for sale in Umbria, please click the 'Contact this Property' link. The British agents, with two decades of experience in selling and developing property in this area, will be delighted to discuss the possibilities with you.