Umbria, Italy
Elegant Penthouse Apartment in Historic Panicale
€198,000
€1,131/m²
- 2
- Bedrooms
- 2
- Bathrooms
- 175 m²
- Interior
- 175 m²
- Plot
- Apartment
- Type
- 7 Jul 2026
- Listed
The Habio take
This stunning 2-bedroom penthouse apartment, occupying the top two floors of a beautifully restored building, is located in the heart of Panicale. Just 15 minutes from Lake Trasimeno and within easy reach of Perugia and Assisi, it offers a perfect blend of historic charm and modern convenience.
- historic
- countryside
- investment
- rental income
Highlights
- Spacious 2-bedroom, 2-bathroom layout
- Stunning panoramic countryside views
- Restored features with modern amenities
- Close to Lake Trasimeno and historic cities
- Potential for holiday rental income
Worth knowing
- Steep internal staircase may not suit all buyers
- Parking primarily street-based
Good fit for: Ideal for those seeking a blend of historic charm and modern convenience, particularly as a holiday retreat or rental investment.
Lifestyle scores
- Beach
- 50
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 80
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 85
About this place
Located at 27 Piazza Giuseppe Mazzini in Panicale, this beautiful apartment spans 175 square meters and features a spacious living/dining room that runs the length of the building. The separate, fully equipped kitchen is ideal for family gatherings, while two large bedrooms are complemented by a large main bathroom and a smaller second bathroom.
The apartment retains many original features, including ancient wooden beams and a wood-burning fireplace. An internal staircase leads to an upper floor with additional large rooms suitable for various uses, all illuminated by skylights and opening onto a covered terrace with panoramic views of the surrounding countryside. With no condominium fees and the option to purchase furnished, this apartment is a fantastic opportunity in a picturesque setting.
Perugia, the capital of the Umbria region, is known for its medieval architecture and rich history. The area offers a variety of essential amenities, including restaurants, cafes, shops, and excellent sports facilities, making it an ideal base to explore the enchanting landscapes and cultural heritage of Italy.
What this place offers
- furnished
- heating
- fireplace
- terrace
- storage
- public parking
Getting around
Perugia San Francesco d'Assisi – Umbria (PEG)
~37 min drive · 36 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports.
Where you’ll be
Umbria, Italy
- Nearest airport
- Perugia (PG) (PEG)
- 32 km
- Also close
- Firenze (FI) (FLR)
- 118 km
- Nearest city
- Perugia
- 23 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Italy
Italy is open to most foreign buyers under reciprocity rules (EU/EEA buyers always; non-EU buyers from countries with bilateral agreements, which covers the UK, US, Canada, Australia and most major markets). A codice fiscale is required, and a notaio handles the conveyance as a neutral public official. An independent lawyer or geometra is strongly recommended for due diligence.
The €1 home schemes in southern villages are real but come with strict renovation deadlines (typically 3 years) and security deposits.
Non-resident mortgages from Italian banks are available but limited (typically 50–60% LTV).
The prima casa (primary residence) tax rate of 2% requires you to declare residency in the same comune within 18 months of completion — failure means back-taxes plus penalties.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
