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Villa Vaccaro – Renovation Project

€ 160,000
90016 Collesano PA, ,
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Property Description

Build your own Sea-View Villa with Pool

Standing on a hectare of land between the hillside towns of Lascari and Collesano in Sicily’s breathtaking Madonie Natural Park, Villa Vaccaro gives you the chance to take advantage of one of Europe’s most generous state-sponsored investment subsidies.

Although the current structure is in need of renovation, planning permission has already been granted and confirmed for a two bedroom house with a beautiful and unique floating design and private swimming pool underneath. A construction team are even in place, ready to start work as soon as the ink is dry on the contract.

For the cost of the purchase and a sum so low you’ll hardly believe it, you could – within the span of a year – be sitting by the side of your sea-view swimming pool in a beautiful, newly-built home that will be the envy of every last visitor.

 

The Property

The current Villa Vaccaro is a rather run-down old holiday house, with beautiful sea views somewhat lost behind some unkempt trees. You can see it in the photos and video above. Keep in mind that what you will be buying, however, is something completely different.

The well-known local architect Nicola Crisanti has designed a beautiful, modern and striking new house that will stand on the site of the current property, but interact with the landscape in a manner which is simultaneously eye-catching and in complete harmony.

The construction, in reinforced concrete, will have foundations on the upper part of the hillside that slopes down towards the Tyrrhenian Sea below. However, almost eighty per cent of the house will seem to hang in mid air, projecting like a diving board over the swimming pool terrace and hill below. The floating end will emerge above the adjusted treeline, giving a complete panorama of the olive groves and winding country roads that criss-cross the six gently-sloping kilometres to the coast.

With a pair of large bedrooms, each with a bathroom, plus a living area and kitchen, the finishings are obviously still to be chosen, meaning that you can be assured of no decorating to do when you move into your new sea-view holiday home. With a cool sea breeze edging up into the hills at this altitude, and its private pool afforded partial shade by the house that bridges it, this will be a comfortable and enticing spot even in the extremes of the Sicilian summer. And in the beautiful, long springs and autumns, the nearby countryside will offer a wealth of possibilities…

 

Surroundings

The Villa stands in around a quarter-acre of garden and pasture. The first thing you will notice is a number of charming olive trees, which are mature and whose fruit is already producing a good crop of oil. If you’d like to create a little cottage industry you could certainly keep yourself supplied with fresh, unspoilt oil all year round, with more than enough left to provide Christmas presents for all your friends and family!

The neighbourhood immediately surrounding Villa Vaccaro is a pleasant, unspoilt one with a few neighbours, from an interesting variety of backgrounds. The district is popular with Sicilians who look to escape the big towns and cities in the summer months, but a pair of properties on the same road as Vaccaro have recently been bought and restored (not, although we wouldn’t put it like this over a welcome dinner, in quite such a spectacular fashion as Crisanti has imagined for this plot!) by international families.

The access road is narrow but paved and in good condition, and there is ample room for parking. Views throughout the property are superb, and will only be improved by some judicious pruning of the greenery.

As a holiday home the location is unbeatable, a fifteen minute drive from the beautiful sandy beaches that line Sicily’s north coast. The nearest town, Collesano, is just eight minutes away by car, and contains local shops, several lovely restaurants and the infrastructure of a community of about four thousand residents. A little further afield, on the coast, the beachy area comprising Lascari, Campofelice and Mazzaforno has larger supermarkets.

You will find yourself no more than half an hour from the famous resort of Cefalú, where the old town and its Arab-Norman cathedral have been given World Heritage Site protection by UNESCO, and Sicily’s largest city, Palermo, is just a 70km drive to the west. No longer the slightly notorious post-industrial city of the 1980s, Palermo is now a rejuvenated hub, teeming with new businesses, a vibrant artistic scene and hundreds of incredible eateries. Its international airport is also a convenient arrival point to the island from all of Europe’s major airports.

The Madonie Park is protected land, with stringent rules in place to safeguard its greenery and wildlife. Local flora and fauna of note include the distinctive Madonie Fir tree, roe deer, and wild boar. Hikers and bikers will delight in the range of treks and pathways on offer right on their doorstep, while more adventurous types may want to try their hand at kite-surfing, paragliding or even (in the winter months) skiing!

 

Potential

Although there is much work to be done here, Villa Vaccaro is connected to utilities supply (water, electricty, telecoms), which is not to be taken as a given in Sicily.

The current owner of the property, collaborating with the architects and construction company, has the building permit in hand, so there is no need to go through the time-consuming and often stressful process of obtaining the certificates required to rebuild a property here in Sicily. This will also save a significant amount of your cash.

Much more to the point, however, is that the incredible Italian ‘SuperBonus’ scheme will subsidise the work to a huge degree. These guaranteed funds will reduce the costs required to build your own sea-view villa to just €50-60,000, per the architect’s team. Including the purchase price, then, the finished home will cost around €220,000 if bought as is.

However, time is a factor. If the current owners don’t find a buyer at the asking price by the end of November 2021, they will instead look to cash in on the subsidies and engage the construction team themselves. Our estimate is that the finished property would have a market value of €300,000. The difference, then, in exchange for some project management and acting fast, is a huge €80,000. This is not a property to wait around for – it’s definitely going to prove a bargain for someone.

If you have any questions about renovating a house in Sicily, you can get in touch with our friendly, multilingual team and we would love to explain more. Our track record of helping numerous delighted clients with renovation projects is significant, and we would love to help you build your own sea-view villa this winter.

Address: 90016 Collesano PA
City:
State/County:
Zip: 90016
Country: Italy
Property Id: 2899
Price: € 160,000
Property Size: 105 m2
Property Lot Size: 7,300 m2
Rooms: 6
Bedrooms: 2
Bathrooms: 2
COUNTRYSIDE
COASTAL
gas heating
sea view
pool
garden
surrounding land
terrace
development potential
Project Plan 1
Project Plan 1
Project Plan 2
Project Plan 2

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