Macerino, Umbria, Italy: €118,000

Umbria sits between Florence and Rome with hill towns of pale stone, forests of oak and chestnut, and valleys where the light turns amber in the late afternoon. In autumn the truffle hunters move through the woodland floors at dawn, and the weekly markets fill with porcini, chestnuts, and the season’s first pressing of olive oil.

This two-bedroom townhouse sits on the village square in Macerino—a hill town with long views across the valley below. The ground floor has a living area with an open kitchen and fireplace. The first floor has a sitting room and a double bedroom with en-suite bathroom. The second floor has a further double bedroom, also with en-suite bathroom. Original terracotta tiles and exposed wooden beams run throughout.

The village has a small grocery store and a restaurant known for truffle-based local cooking. The nearest town with full amenities is around nine miles away. Perugia Airport is around 35 miles away.

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