Rustico in Montalbano Jonico
Immobile in corso di costruzione in cemento armato su due livelli attualmente edificato per circa 59 mq con cieli di circa 40 mq; vi è poi un altro cielo adiacente di circa 60 mq su costruzione in muratura anch'esso in vendita ma quotato a parte. Sottostante alla costruzione vi è un magazzino/garage anch'esso in vendita, quotato separatamente.
What it really costs
Can you move in?
Move in as it is
In the listingRenovated- On the market for a long time
See what needs doing and what each job costs
The description says this is an unfinished reinforced-concrete structure ('immobile in corso di costruzione') with only about 59 sqm built plus separate volumes/garage sold apart, while the facts label it 'Renovated'—a clear contradiction. At €30,000 for 59 sqm (€508/sqm) it is already above the low Basilicata baseline of €399/sqm before adding heavy completion/restoration costs, and it has been on the market for 352 days.
More on the house and the area
This looks like a raw concrete-and-brick structure rather than a livable Italian home. There is no visible character, view, or finished interior, so despite the low price it reads as a project site, not a dream home.
All the services redone, bathrooms, kitchen, windows. The structure is left alone.
Turnkey, facade and insulation included.
Our read of the photos, €1,100/m², falls in this band.
Materials only, work you may do yourself€23,000 – €35,000
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.
- Not a finished home: structure is still under construction
- No visible kitchen, bathroom, or habitable interiors
- Very limited photo set, so appeal and surroundings are unproven
- Garage/storage elements may be sold separately
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 71/100The cluster lies in the inland hills above the Ionian side of Basilicata, in a landscape of clay badlands, eroded ridges and cultivated slopes typical of this part of the Matera province. Craco itself is known for the abandoned historic hill town set on a steep spur, a distinctive landmark within the local landscape. The Cavone valley is nearby, and the Ionian coast around Pisticci and Metaponto is close enough to matter for daily services but is outside the immediate 15 km landscape. The nearest larger centres are Pisticci and Ferrandina for ordinary services, while Matera is the main city of the province farther away. The area is known for cereals, olives and the calanchi terrain of the Basilicata hinterland.