3 bedroom Apartment for sale with countryside view with Income Potential in Volterra, Tuscany
This superb property is made up of two units communicating via a door on the ground floor; each of approximately 75 m2, for a total of approximately 150 m2;
Internally, it is made up as follows:
- on the ground floor is a kitchen, dining room, large living room with fireplace, kitchenette with storage room, single bedroom, bathroom with shower, and hallway.
An external storage room is at the back of the apartment accessed via a little private courtyard.
- on the first floor, ...
This superb property is made up of two units communicating via a door on the ground floor; each of approximately 75 m2, for a total of approximately 150 m2;
Internally, it is made up as follows:
- on the ground floor is a kitchen, dining room, large living room with fireplace, kitchenette with storage room, single bedroom, bathroom with shower, and hallway.
An external storage room is at the back of the apartment accessed via a little private courtyard.
- on the first floor, reached via a staircase in the living room, is a double bedroom, single bedroom/study with mezzanine, bathroom with shower, and hallway.
The rooms on the ground floor have access to the private terrace/garden which measures approximately 400m2 from where it is possible to admire the wonderful panoramic views of the Volterra countryside.
The property is in good condition and was restored in the late nineties.
The building, in total, includes 5 apartments as well as a large portion not part of the condominium. The shared swimming pool is situated in an olive grove near the building and enjoys stunning panoramic views of the countryside and the village of Mazzolla. Access is via a short stretch of gravel road.
The location is truly excellent and the main attractions and historic cities are easily reachable as well as the Tuscan coast and its beautiful beaches.
This superb property is suitable for multiple uses, as a first home, as a holiday and weekend home, as a property to be used for income/seasonal rentals, or the new owner will be able to live in an apartment and rent out the other apartment.
The asking price includes most of the furnishings.
Main distances:
- Volterra, about 5 km
- San Gimignano, approximately 23 km
- Siena, approximately 55 km
- Florence, approximately 75 km
- Pisa airport, approximately 65 km
- Florence airport, approximately 78 km
- Sea, approximately 47 km.
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Location
Where is this property?
This Apartment is located in Volterra in Italy
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Buying Real Estate in Italy
1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.
2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.
3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.
4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.
IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.