Farmhouse for Sale in Magione, Lake Trasimeno

Discover this 1850 farmhouse for sale in Magione, near Lake Trasimeno, with an approved project for renovation and expansion, situated on a fenced plot of 5,000 sqm. General Description: This former farmhouse from 1850, located in the Renaccio area, on the eastern outskirts of Siena, represents a unique opportunity for those looking for a property to renovate according to their needs. The municipality of Magione has already approved a renovation project that includes not only the recovery of the old house, currently uninhabitable, but also an expansion, the construction of a dependance and a pergola, and the creation of a parking area for 5 cars. The planned living unit will be about 200 sqm, equipped with solar panels. The land, all fenced, is about 5,000 sqm and hosts various types of trees, including oaks, pines, and cypresses, and an old well still in operation. There is the possibility to build a swimming pool to make the property even more exclusive. Interior Description: Currently, the property is uninhabitable and needs a complete renovation. The approved project includes a large living room with a fireplace and stairs connecting to the covered veranda of over 40 sqm, a bright and comfortable dining area, a kitchen, a windowed storage room, and a small bathroom under the stairs. On the upper floor, there will be two double bedrooms with a covered balcony, a single bedroom, and two windowed bathrooms. Exterior Description: The land of about 5,000 sqm is completely fenced and hosts various types of trees, including oaks, pines, and cypresses, and an old well still in operation. There is the possibility to build a swimming pool, and an internal road has already been created that reaches the entrance of the house. Uses and Potential: This farmhouse, following careful renovation, could perfectly meet the needs of future owners and become a primary or secondary holiday home, but also a structure to be included in the tourist rental circuit. Market Analysis: As of July 2023, the average asking price for properties for sale in Magione was €1,500 per square meter. This data indicates that the real estate market in Magione is accessible compared to the regional average. However, it is important to note that the average price per square meter in Magione has increased by 5% compared to the previous year. This price increase suggests that the demand for properties in the area is growing, making this an ideal time to invest in the region's real estate market. Buyer's Advice: Considering the rising property prices in Magione, it is advisable to act quickly if you are interested in purchasing a property in the area. Investing in a property like this farmhouse, with its arable land and renovation potential, offers a unique opportunity to own a piece of paradise in the beautiful Umbrian countryside. Tourist and Historical Information: Magione is an Italian municipality located in the province of Perugia, in the Umbria region. It is situated on the hills surrounding Lake Trasimeno, the fourth largest lake in Italy. The area is rich in history and culture, with numerous archaeological sites, churches, and castles. The territory of Magione is also famous for its natural beauty, with numerous hiking trails and cycling routes. Distances: Magione center: 10 minutes Perugia: 25 minutes Perugia Sant'Egidio Airport: 25 minutes Florence: 90 minutes Rome: 120 minutes Assisi: 45 minutes Lake Trasimeno: 15 minutes Cortona: 45 minutes Siena: 90 minutes Montepulciano: 60 minutes