This property is now sold!
Looking for something in the Barolo area? We might have something for you.

This beautiful 4 bedroom home is located in one of the most important towns in one of the most important wine areas in the world.

Castiglione Falletto is one of the 11 towns that can produce Barolo wine.

The view is incredible.. So, the photos don't show it at its best but you have a view over Barolo (Nebbiolo) vineyards onto Alba and the Alps.

The house was restored around 15 years ago to a very high standard by a local wine exporter. For family reasons, he now lives abroad and with his sons in university the house is not used often so it's available for you to enjoy.

The ground floor has a kitchen that has direct access to the pool area. The pool is heated. We'll come back to the outside in a moment. There's a living room with that incredible view, WC and a bedroom with an en-suite bathroom. Between the WC and living room is access to the wine cellar. This is a beautiful room that has potential for improvement.

The first floor has three good sized bedrooms and two bathrooms.

The outdoor area is just enough (unless you want to be always cutting lawns and tending to land when you come). There are lawns all around the house and a terrace with heated pool. You can swim in March with those incredible views.. It really doesn't get much better.

From the house, you can see the towns of Castiglione Falletto which is 10 mins walking distance, Barolo, La Morra, Verduno, Roddi and Grinzane.

The property costs around €17,000/year to keep and maintain. This has excellent rental potential, worth around €3,000/week and here is a long season - from May through to the end of December.

The Town

Castiglione Falletto is a beautiful small town (pop. 705) that dates back to Roman times. The castle has its roots in the 11th century. The first date in which the position of a fortress first appears in records is 31 July 1001.

The views around the town are just amazing, looking onto Serralunga and other important and beautiful Langhe towns.

There’s a cafe within 5 minutes walk from the house and a winery. 10 minutes walk and you arrive in the centre and top of the town. There are several great restaurants and the wonderful and famous ‘Cafe Renza’ that has stunning views over the Barolo hills (photo below). Visitors to the area often list the town as their favorite.

The town of Barolo is around 10 minutes and Alba 15 minutes drive.

The Langhe & Tourism

In 2014 The Langhe and Monferrato were awarded UNESCO Status. The local communities and authorities had been preparing for 10 years, already enforcing UNESCO regulations, then in June 2014 they were awarded this honour, much to their surprise. This immediately had a substantial affect on the tourism industry. It was previously a sort of well-kept-secret but now the whole world was aware of what this incredible area had to offer. UNESCO is something important for the protection of our precious landscapes and the foods and wines of the region.

Wine has been produced in the area at least since the 5th century. The Romans saw it as the best wine area in all of Italy. Wine is still a vital part of the region’s success. There are thousands of producers - big and small. These are desirable to foreign investors and anyone that has been successful in buying wineries have had to pay large sums of money to obtain them. The Iowa businessman, Carl Krauss, paid a staggering €66m for the Vietti winery a few miles away in La Morra. Its real book value was unlikely to be even close to €20m.

The area has many great restaurants. There are a total of 46 Michelin star restaurants in Piemonte, 11 of which are in the Langhe! This is more than Tuscany and Lombardy (the Milan area).

In 2019 the area saw another huge boost - Lonely Planet declared it the number one place on Earth to visit. This has had a huge impact on the area - the secret was at last out.

The new interest is just that, new. We fully expect to supersede Tuscany for fame, greatness and financial investment. It would be strange to conclude anything else after what we have witnessed in the last 5 years and what we know about the region.

Rental Potential

Villas are easy to rent out in the Langhe area. Especially since Covid-19 there’s a greater demand for non-shared accommodation. The typical holiday-makers in the zone are wealthy professional people from countries such as the US, UK, Asia and other parts of Europe.

The season is long. Typically, the season starts in May/June and ends in December. We have the world-famous Alba White Truffle Festival and this now runs in October and November. Previously, it was only in October but local businessmen were quick to see the huge new potential and this has helped the season even extend to the December holiday period.

This is Barolo. The demand is huge. Many places we checked are already booked for next summer. Rental should fetch around €3,000/week.

Caring For The House

We have a capable person to care for the property should you decide to rent. She lives 20 minutes from the house and is experienced, competent and comes with impeccable references from one of the finest hotels in the region in Monforte. She has a vast house-keeping experience, is reliable and honest. She speaks fluent Italian and English.

She can look after guests, carry out cleaning, oversee repairs and maintenance and keep the new owner updated with the status of the house. We only recommend good people and we can recommend her wholeheartedly. 

An Experienced Opinion

I am confident this is a good investment. The income from the rentals will easily cover costs such as staff, maintenance, advertising, local taxes, etc. Its best trick is increase in value. We are seeing prices steady but demand is extremely high. This can only lead to more demand and rising prices. Anything in the Barolo towns is already high-demand. My guess is that within 5 years the value will be at a minimum of €1.3 - 1.5m. Already we have great interest and expect it to sell by the end of 2021.

Cost Of The Property

Purchase taxes & notary fees: € 14.300

Agent's commission: 3%+VAT

• Heated swimming pool (10x5m)
• Stunning views
• Fully restored to high standard
• Extremely rare to in this location
• Walking distance to town