Menu

Portion Of A Tuscan Farmhouse, San Casciano Val di Pesa, Florence, Italy

€1,200,000

Full of Tuscan character and situated close to Florence, this 'lock up and leave' property is perfect for those who don't want the responsibility of an independent house and grounds, and of the issues of maintaining such a property from abroad.

We refer to this property as a portion rather than an apartment, as it is actually a whole section of the building, covering all floors and the tower.

The farmhouse has been recently restored in true and authentic Tuscan style, recuperating original materials wherever possible, many of which are exposed 'feature pieces'. The house has been converted into four apartments, each with private garden area, as well as a shared garden and swimming pool.

The Property The portion offers approximately 100 sqm of space and is spread over four floors, as this particular property includes an underground cantina/wine cellar and the 'columbaia' or tower. The ground floor offers a spacious lounge area with open fireplace, and a large kitchen/diner fitted with a designer state of the art kitchen. The first floor is composed of two double bedrooms, both with en-suite bathrooms, and gives access via the corridor to the 'tower', where there is another double bedroom.

The Location The property is located very close to the town of San Casciano, which is a large town with a charming historic centre and a bustling weekly market. The town offers supermarkets, banks, restaurants, pharmacies and good transport links. One of the key features of this property is its location, as despite being surrounded by the vineyards and countryside of the Chianti, the city of Florence is only a 15min drive to the North.

Florence 15mins | Airport 25mins | Shops & Services 5mins | Siena 40 mins | Pisa Airport 1hr

Please be aware prices may vary due to fluctuations in the exchange rate

A GUIDE TO BUYING IN ITALY

As with any property purchase in any country, it is always advisable to gain the help of reputable and independent legal and property advisers when you propose to buy in Italy.

MAKING YOUR OFFER

Purchasing property in Italy is usually a three-stage process. When you make an offer to buy, this needs to be made in writing by way of a formal Purchase Proposal and this should be accompanied by a deposit (which can be up to 5% of the purchase price). The deposit can be held in escrow. It can be a good idea to put a time limit on your offer and make it subject to due diligence.

THE PRELIMINARY CONTRACT

Once the formal details of the sale have been agreed between the buyer and vendor, and their legal representatives and the due diligence completed, the preliminary contract can be entered. This is a formal agreement drawn up by the agent, lawyers and, in some cases, this contract is also notarised. The contract stipulates all terms of the sale/purchase and is typically accompanied by a further deposit payment between 10%-20%. Again this deposit can be held in escrow or paid directly to the vendor. If the seller changes his mind, he will have to pay you double the deposit you have lodged.

THE DEED OF SALE (‘ROGITO’)

The public notary prepares the final deed of sale known as the rogito, whilst also carrying out land searches and so forth. The notary is a public legal body who represents both the buyer and the vendor, and collects the necessary taxes on the sale/purchase. It is the buyer who may choose which notary they wish to use.

THE COSTS OF BUYING

The main costs met by you, the buyer are:

Lawyer’s fees : 1-2% + IVA
Notary’s fee : Approx. £3,000 + VAT
Estate Agent’s fee : 3% + VAT
Tax on property : is calculated at 9% of the value according to the land registry. On resale properties the land registry value is typically lower than the sales price, often by as much as 30% to 50%.
Tax on land : is calculated at 12% of the land value. The notary will decide an appropriate value for the land in line with land prices in the area
NB:If you pay for your purchase with funds from outside Italy, be sure that the records are officially documented. Any later sale proceeds can then be repatriated.

ONGOING TAXES

Property owners pay income tax based on the theoretical rental income of the property. However, non-residents in Italy are subject to this tax only if the income exceeds a certain threshold.

Council tax (‘Imposta Municipale Unica’) is based on the land registry value of the property and is collected by the local authority twice a year.

You do not pay Capital Gains Tax if you sell the property more than five years after the purchase.

Please note: This article reflects Aylesford’s current understanding of property legislation in Italy. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

Brochure Lorem ipsum dolor sit amet, consectetur adipisicing elit. Numquam, itaque.
office contact

For further information or to book a viewing, please contact Louise King on

request a free valuation