Palazzo - Edificio in Montalbano Jonico
Vendesi appartamento a Montalbano Jonico Superficie: 120m² totali su due livelli Composizione: 2° piano (60m²)+ 3° piano (60m²) con esclusivo terrazzo autonomo di proprietà perfetto per il relax all’aperto e corricodio multifunzionale ( lavanderia, dispensa, magazzino) Finiture: scala e ingresso refinito in marmo e…
What it really costs
Can you move in?
Livable, but something basic is worn out
In the listingHabitableSee what needs doing and what each job costs
Habitable 120m² palazzo/apartment on two levels at €375/m² is priced ~3x the town's median (€118/m²), but that baseline rests on only 5 samples, so it's unreliable. The property is described as habitable with marble finishes, balcony, heating, and a private terrace, in a strategic location near amenities. Fresh listing (5 days). Absolute price of €45k for 120m² habitable is reasonable for Basilicata. Missing energy class. Given habitable condition, only light cosmetic/modernization work is likely needed (~€300/m²). Solid entry-level buy but the weak baseline prevents a stronger verdict.
More on the house and the area
Two-level apartment in a dated 1960s town building in Montalbano Jonico. Interiors are tired and unrenovated: heavy dark bedroom furniture, dated green kitchen, brown-fixture bathroom, and worn tiling throughout. The marble/granite staircase is the only notable finish. Exterior photos reveal a plain, weathered facade with rusting, stained balcony undersides. The private rooftop terrace is functional (water tank, clutter) rather than scenic, with no view or sea proximity. Low price per m² but no distinctive wow features—ordinary habitable stock aimed at first-home or investment buyers.
Decoration, tired fittings, a bathroom or a kitchen. The house is liveable as it stands.
Our read of the photos is €300/m². There is no published price band below €350/m², so the range is that figure widened by the spread of the lightest band.
Materials only, work you may do yourself€12,000 – €20,000
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.
- Dated 1960s interiors with worn tiling and old fixtures
- Exterior shows weathered facade with rusted, deteriorating balcony fronts
- No sea/view data; interior-facing urban location
- Terrace is a functional rooftop with water tank, not a scenic feature
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.