Palazzo - Edificio in Montalbano Jonico
Vendesi in pieno centro a Montalbano Jonico casa al grezzo di circa 90 mq da riattare posta al secondo piano. In allegato è presente un ipotetico progetto di realizzazione per creare un ambiente al secondo piano composto da 1 soggiorno/ingresso, 1 cucina/pranzo, 2 camere e 2 bagni. Completano la proprietà un magazzino…
What it really costs
Can you move in?
Not before the basics are done
In the listingNeeds renovation- On the market for a long time
See what needs doing and what each job costs
At €38,000 for 90 sqm, the ask is €422/sqm, already above the local low-stock baseline of €320/sqm; with a realistic renovation budget of about €700/sqm for a 'casa al grezzo da riattare', the effective cost is roughly €1,122/sqm, so this is not cheap on an all-in basis. Central location helps a bit, but it has been on the market 253 days, which is a negative signal and caps the score.
More on the house and the area
This is a very cheap central-town shell rather than a dream home. The structure looks solid and roofed, but the upper level is unfinished brickwork with no visible habitable interior, so livability is currently very low. The value is mainly in the price and the chance to customize.
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, €700/m², falls in this band.
Turnkey, facade and insulation included.
Materials only, work you may do yourself€18,000 – €32,000
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.
Show more
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.
- Second-floor unit is sold al grezzo and needs full fit-out.
- No bathroom or kitchen is shown/installed.
- Exterior is unfinished and not very attractive.
- Urban street setting with no view, garden, or terrace appeal.
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 68/100The cluster lies in the badlands and cultivated hills of the lower Basento-Cavone area, with the Calanchi di Montalbano immediately around the town. The Ionian coast is nearby, with the shore around Policoro and Nova Siri the closest sea access. This part of Basilicata is known for clay gullies, cereal fields, olive groves and fruit-growing on the coastal plain. Policoro is the nearest town of some size, with everyday services and beaches.