Edificio in Corso Margherita 83
ANTICO FRANTOIO CON ABITAZIONE AL PRIMO PIANO Una proprietà storica nel cuore di Serrano, nel Salento Un immobile dal carattere autentico e dalle grandi potenzialità, composto da due unità su livelli distinti, vendute esclusivamente in un’unica soluzione e non frazionabili: un antico frantoio al piano interrato e un’ex…
What it really costs
Can you move in?
Not before the basics are done
Condition not stated in the listingMust be done first
- Structure
- Roof
- Damp
- Wiring
- Bathroom
- Kitchen
- Windows
See what needs doing and what each job costs
Price €55,000 for 234 m² is very low up front but estimated renovation (~€700/m²) brings effective cost to ≈€218,800 (≈€935/m²), well above the local median of €462/m². The listing gives no condition details (I assumed substantial work) though there are 19 photos and a clear historic frantoio + first-floor dwelling.
More on the house and the area
A very atmospheric, historic frantoio with handsome vaulted interiors and archways that make a dramatic, convertible living space. The building is structurally present but the upper apartment shows ceiling collapse and propping, so it requires significant renovation before comfortable full-time living.
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€46,000 – €82,000
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.
- Extensive renovation required (roof/ceilings, floors and finishes).
- Signs of damp and temporary props on upper-floor rooms — structural inspection advised.
- No visible modern services/fixtures (kitchen/bathrooms) — rewiring/plumbing likely needed.
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 58/100The cluster lies on the Salento peninsula in southern Puglia where the local ground is largely limestone karst and the terrain is flat to gently undulating. The surrounding countryside is agricultural, with extensive olive groves, vineyards and arable fields and active olive-oil production. The Adriatic coast of eastern Salento is about 10 km away; the nearby shoreline in this part of Salento includes both rocky stretches and sandy beaches. The area is part of Grecìa Salentina, a cultural-linguistic zone where the Griko dialect and related traditions persist. There are no significant mountains or ski facilities within the local 15 km radius. Nearest larger urban centre is Lecce (provincial capital) for major services and rail links; nearer towns such as Maglie provide day-to-day shops, schools and basic medical services. There are no national parks within 15 km; the locality is known locally for its olive oil production and Salento cultural traditions (music, festivals, Griko heritage).