in the EMILIA ROMAGNA COUNTRYSIDE
40.000 € only!
A large beautiful stonehouse is looking for a new owner!
Located in the hills of Reggio Emilia, Cinquecerri is your perfect location if you are looking for a rural escape in the Italian countryside and a great investment as Covid will push people to areas with less population density. Our stonehouse is located in Emilia Romagna, one of the richest regions of Italy and home to some of the most iconic Italian products both in Food and Automotive. You probably have heard of: Parmesan Cheese, Parma Ham, Ferrari and Lamborghini sportcars, Ducati motorbikes, aren't you? Well, they are all coming from this beautiful and wealthy region in the North Italy.
The community of Cinquecerri is served by the high-speed optical fiber network, making it an interesting destination not just for retirees but for digital nomads and remote workers as well.
Set in the center of a small village, nevertheless the property is conveniently placed to access the main Strada Provinciale 18, which offers a direct route to the cities of Modena and Reggio Emilia (high speed train connecting the major Italian cities) or the golden sands and beaches of La Spezia and Cinque Terre, while the main center of the Apennines, Castelnovo ne’ Monti (10,000 inhabitants), is only 20 mins away.
The regional and administrative center of the mountain region, Castelnovo contains all the services and facilities of a large major town, such as hospital, shops, supermarkets, sports facilities and sport clubs, theatres and restaurants etc.
A thriving and bustling town, Castelnovo is ideally placed as a major tourist center, providing many historical, cultural and natural attractions.
Lying in the shadow of the famed and mysterious Bismantova Plateaux (picture below), in itself a powerful draw, Castelnovo is also very well placed for any tourist wishing to explore this beautiful region.
A 330 square meters (3550 square feet) house split into two floors, surrounding a 160 square meters yard, totalling 15 rooms available
The majority of the work needed is internal as structurally the buildings are in good condition (apart from the house on the left which does need a new roof).
However, the house on the right has just had a new roof installed. Built in the best style and with premier materials.
A further outline projection has been made and agreed to, which will allow for the renovation and transformation of this property into a very substantial and highly attractive seven-bedrooms luxury home, suitable for a wide range of uses, from agriturismo to a superb family home.
All of the buildings are in the natural stone of the area and they contain a wealth of traditional features, such as hand-carved stone window surrounds, stone archways, wooden beams and stone fireplaces.
Externally, the house offers a central and private courtyard, currently grassed and overgrown, but which could easily contain a private and individual swimming pool.
Vintage postcard with "Cinquecerri"
CONCERNED ABOUT THE RENOVATIONS?
The Italian government has introduced interesting tax reliefs for renovations occurring in Italy; most notably:
Energy efficiency Bonus (known as Ecobonus)
Both bonuses attract a tax relief of 110% of the qualifying expenditure, and you can reduce your tax bill in 5 years; however, you can also trade it in to your contractor or bank institutions, reducing your renovation costs potentially to 0.
How does that work?
We estimate an average cost of renovation around € 150.000; this will generate a € 165.000 tax credit that you can trade in to your contractor (or your bank) reducing your invoice to 0.
The result is a free renovation!
DON'T HAVE THE FINANCES?
No worries! Retire2Italy is partnering with major banks providing loans to EU residents; the terms and conditions are normally the following:
Duration: max 15 years
Amount: up to 60% of the property value/renovation costs
Interest rate: 0.8% fixed annual rate*
*The amount is subject to change due to Euribor fluctuation
WISHING TO VISIT THE HOME?
Retire2Italy organizes private and group tours in the area to visit the property.
Private on demand tours start from 390 € + VAT (for up to 2 people)
Group tours are 99 € + VAT p.p. (minimum 4 bookings to run it).
The tour includes:
Transfer from and to Reggio Emilia high speed train station
Local Agriturismo lunch with never ending organic wine & food
Property and surrounding visit
Consultation with Retire2Italy experts
Fun, good vibes and Italian laid back atmosphere!
If you would like to spend more time in the area, we can arrange the accommodation as well for an extra fee.