Palazzina d'epoca da ristrutturare
For sale in the centre of Masserano: a period palazzina of about 800 m² to be renovated, certainly a great investment opportunity. With its generous floor area, the renovation project could be turned into a series of prestige apartments, raising the value of the property and creating rental income. Energy class: G EPI: 0.00 kWh/m² year
What it really costs
Can you move in?
A project, not a home yet
In the listingNeeds renovationFit to live in
€183,000 – €296,000
Experienced project developer
An experienced project developer suits this building best. It could become several apartments, but only after a full technical, planning and structural study. The historic rooms, fireplaces, vaulted ceilings and garden give the scheme character. It is not a practical first house abroad or a weekend renovation.
See what needs doing and what each job costs
Is it a good buy: You are paying above the market
The finished cost is far above local asking evidence, while nearby holiday-let rates are too low to support it. Gattinara's wine area is 20 minutes away and Ricetto di Candelo is 22 minutes away, but this suits only a specialist developer.
- What you end up payingAbout 509,000-709,000 EUR: 29,000 EUR asking price plus 480,000-680,000 EUR full renovation
- What letting might bringGattinara listings start around 53 EUR a night; 90 booked nights would be about 4,770 EUR a year before costs
- Years to earn that backAbout 107-149 years against 509,000-709,000 EUR at 4,770 EUR a year, before costs
- Selling againMasserano has 29 listings and 634 average days on market, so resale is likely to take time
Not ready to move into: this is an 800 m² shell with damaged finishes, old services and no working bathroom shown. The bathroom cannot be judged from the frames, but no usable sanitary room is visible, so water, drainage, heating and electrical safety must be proved before occupation. Its best features are the historic frescoed and tiled interiors, vaulted rooms, old fireplaces, decorated entrance and private garden, but the renovation is a major project rather than a cheap cosmetic repair.
- As it stands€29,000
- Fit to live in€183,000 – €296,000
- Settled in the first year€365,000 – €641,000
- Everything on this list€373,000 – €661,000
- New wiring€32,000 – €60,000
Replace the exposed, obsolete-looking wiring and provide a certified electrical system for the planned units.
about 40-75 EUR per m2 over 800 m2 preventivifree.net
- Heating system€40,000 – €56,000
Provide a real central or unit-by-unit heating system; the fireplaces are not evidence of a working installation.
about 50-70 EUR per m2 over 800 m2, scaled from Piemonte examples idealista.it
- New plumbing€24,000 – €48,000
Install new supply, waste and drainage runs for the planned apartments because usable pipework is not shown.
about 30-60 EUR per m2 over 800 m2, scaled from published complete-system ranges idealista.it
- Three bathrooms€30,000 – €45,000
Build and fit three bathrooms because the listing says three baths but the frames show none usable.
about 10000-15000 EUR per bathroom for three medium bathrooms
- Roof check€16,000 – €34,000
Inspect and repair or rebuild the aged roof before protecting the interiors from water.
about 80-170 EUR per m2 over an assumed 200 m2 roof area edilnet.it
- Damp treatment€12,000 – €24,000
Treat the widespread staining, peeling finishes and moss after finding and stopping the water source.
about 30-60 EUR per m2 over an assumed 400 m2 of affected wall surface instapro.it
- Floors and screeds€56,000 – €96,000
Remove debris and renew broken or uneven floors in the circulation and living areas.
about 70-120 EUR per m2 over 800 m2 rebuildinpiemonte.it
- Interior plaster€40,000 – €80,000
Strip loose finishes and replaster the heavily stained interiors while retaining sound historic details.
about 50-100 EUR per m2 over 800 m2 of internal floor area as a proxy rebuildinpiemonte.it
- Facade repair€30,000 – €72,000
Repoint exposed brick, repair failing render and redecorate the large historic elevations.
about 60-120 EUR per m2 over an assumed 500-600 m2 facade area cronoshare.it
- Windows and shutters€32,000 – €52,000
Repair or replace the visibly weathered timber windows and shutters to make the rooms secure and weather-tight.
about 390-650 EUR per m2 over an assumed 80 m2 of windows puntosicurezzacasa.it
- Kitchens€24,000 – €45,000
Fit kitchens only after the building is divided into apartments; none is present in the photographed rooms.
about 4000-7500 EUR per kitchen for six simple kitchens studiomadera.it
- Garden and walls€8,000 – €20,000
Clear the overgrown garden and repair the visibly tired boundary and retaining walls.
- No frame clearly shows a bathroom, so the existence and condition of all three listed bathrooms are unverified.
- The roof covering, structure, foundations, floor beams and structural cracks need an engineer's inspection.
- Water supply, drains, gas connection, meters and serviceability of the electrical system were not tested.
- No installed boiler, radiators or other working heat source is visible.
- The 800 m² figure, internal division into units and planning permission for apartments need documentary verification.
Estimate from the listing and its photos, not a survey. Treat it as the starting point for your own quotes. An Italian builder's quote is normally written without VAT and without design fees, so add about a quarter to any figure a firm gives you. Photos checked 11 September.
Where these prices come from
- Piemonte complete renovation cost guide
- Piemonte electrical installation prices
- Piemonte roof renovation prices
- Piemonte heating cost reference
- Bathroom renovation cost guide
- Window replacement prices
- Rising damp treatment prices
- Facade renovation cost guide
- Gattinara holiday rental advertised rates
- Piemonte mountain residence grant record
- Piemonte seismic classification
The area around
Location score 68/100The cluster is in the eastern Biellese, on the first hills between the Cervo and Sesia basins, with the Pennine Alps visible to the north and the lower Serra moraine ridge and rice plain toward Vercelli to the south. The Sessera valley and the Colline Biellesi are within the local landscape, and the Baraggia plateau lies nearby, a heath-and-pasture area unusual in Piedmont. The nearest town of size is Biella, which has full services and a historic upper town at Biella Piazzo. Ricetto di Candelo, a preserved medieval fortified shelter-village, is within the area. The area is known for small hill vineyards around Lessona and Bramaterra and for the transition from pre-alpine foothills to the Vercelli plain.