Palazzo - Edificio in Gorgoglione
Palazzo storico nel centro di Gorgoglione (MT) Vendita – Locazione – Partnership Nel cuore del centro storico di Gorgoglione (MT), proponiamo palazzo di circa 260 mq disposto su tre livelli (seminterrato, piano terra e primo piano), con impianto architettonico originario e elementi di pregio. L’immobile conserva…
What it really costs
Can you move in?
Not before the basics are done
In the listingNeeds renovationSee what needs doing and what each job costs
At €49,000 for 260 sqm (€188/sqm), this is already well below the local cheap-stock baseline of €320/sqm; even with an estimated €900/sqm renovation for conservative restoration, the total entry cost is still plausible for a large historic building. The historic-center palazzo character and flexibility add upside, but the need for major recovery work keeps it from scoring higher.
More on the house and the area
This is a handsome historic palazzo with a beautiful stone portal, long balcony and genuinely impressive vaulted interiors. The architecture gives it real dream-home potential, but at present it is still a serious restoration project rather than an easy move-in house. For €49k and 260 sqm, the bargain effect is strong if you want a characterful borgo building to finish properly.
Certified wiring, water and drainage, a heat source, a roof that keeps the water out, one working bathroom. Facade, insulation, a second bathroom and the floors wait.
All the services redone, bathrooms, kitchen, windows. The structure is left alone.
Our read of the photos, €900/m², falls in this band.
Turnkey, facade and insulation included.
Materials only, work you may do yourself€51,000 – €91,000
Wiring, water and sanitary work of any kind, heating, air conditioning and gas go to a registered firm by law, and so do flues and the air openings for gas appliances. That labour stays in the bill. Yours is the stripping out, plaster, paint, floors, tiling and carpentry.
Labour is 61% of a renovation price on average and 67% at the median, across 191 items of the Emilia-Romagna 2025 public price list. Materials are the rest. An averaged price list, not a quote.
Materials you buy yourself carry 22% VAT; supplied by the firm doing the work they go at the 10% renovation rate. On a €30,000 materials bill that is €3,600 of extra tax.
Household wiring installed before 13 March 1990 counts as compliant if it has a main breaker with overcurrent protection, protection against direct contact and a 30 mA RCD. Having a firm bring the existing wiring up to that and certify it is the cheapest lawful route.
Bringing a house that has stood empty back into service: new water, sewer and electricity, plus the practices. The same sum on an 80 m² house and on a 300 m² one, which is why a €40,000 house is not a €40,000 project.
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Water 1,800 · sewer 2,500 · electricity 700–1,600 · CILA 1,000 · cadastral filing 500 · structural design 700 · Legge 10 report 900 · safety coordination 1,800
No mains drain: add €2,000–4,500 for a septic tank. Listings never say, so ask.
- Needs substantial renovation to become comfortably livable
- Some rooms show damp/cracking and unfinished surfaces
- Photos suggest parts are restored conceptually, but not the whole building
- No view/terrace/garden wow proven by the gallery
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.
The area around
Location score 55/100This is inland Basilicata in the hill country of the Lucanian Apennines, with wooded ridges, cultivated slopes and ravines around the village. The Basento valley and the badlands country of the Matera hinterland are part of the wider provincial geography, though the immediate surroundings are mainly upland rural terrain rather than a single standout landmark. The Pollino massif is much farther away and does not define the landscape within the local radius. The nearest towns of some size are in the Basento valley, with basic services and road links toward Matera and Potenza. The area is known for cereals, olive groves, woodland and the inland pastoral landscape typical of central Basilicata.