Property for sale in Umbria - Substantial farmhouse property in need of restoration near Panicale

This property for sale in Umbria is a substantial agricultural in need of restoration close to the little town of Panicale, about 25 kilometres southwest of Perugia. The charming, stone-built house has a total living area of 2,500 square metres and is set within 420,000 square metres of beautiful, hilly land between Lake Trasimeno and the valley of Tavernelle. The house is accessible via a private gravelled road. The village of Fontignano, (coincidentally the final resting place of the famous renaissance painter “il Perugino” together with a couple of his paintings) is approximately 2 km away.

The estate sits on a gently sloping hill, facing towards the south-east, and it a road runs through it. The lower-lying part of the property is mainly pasture and a grove of nut trees has been recently planted to provide cutting wood and there are EC grants of approximately 5,000 euros per year for this purpose).

Higher up there is a mature olive grove with some 1,100 trees, with room for many more. There are fabulous views from the hilltop.

The estate has two large detached stone-built houses which lie around 200 m apart. The larger of the two is on two floors and has a total living area of 300 sq m with opportunities for extension and this property is in need of total restoration. There is also an outbuilding with 40 sq m of living space.

The second house, although in better structural order, is slightly smaller (200 sq m) and there is also scope for extending.

This property lends itself either to a substantial farm estate with accommodation for agritourism, or for an olive-oil production, or stock breeding.

For more details on this property for sale in Umbria, click below.