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Cormano · 66 m² · Apartment

Apartment at auction in Via XXIV Maggio 2, Cormano, 66 m²

Via XXIV Maggio 2, Cormano (Milano)

The appraisal report in brief

  1. Occupancy and title

    Single lot: the property is occupied by the owner, who is in the middle of moving out, and is cluttered with belongings. The appraiser writes that no lease agreements are in place.

    «si è constatato che l'immobile risulta abitato dal proprietario (in fase di trasloco) ed è ingombro di cose»

    Quote from the report (Italian), page 5 ↗
  2. Planning and land-registry discrepancies

    Single lot: the cadastral floor plan does not exist in the databases; the appraiser requested a paper copy and obtained a paper floor plan on 10.09.2025, but the verification is still open.

    «La planimetria catastale è irreperibile.»

    Quote from the report (Italian), page 9 ↗
  3. Planning and land-registry discrepancies

    Single lot: the appraiser writes that, lacking a cadastral floor plan, the cadastral details suggest the walkway is exclusively owned, but this still needs to be verified.

    «la planimetria catastale è irreperibile»

    Quote from the report (Italian), page 9 ↗
  4. Unauthorised building works

    Single lot: the Comune has reported that the construction records do not exist; the building permits found are awaiting digitisation and will be attached later.

    «Si è in attesa della digitalizzazione di tali pratiche che verranno allegate successivamente.»

    Quote from the report (Italian), page 7 ↗
  5. State of repair

    Single lot: the apartment is in poor state of maintenance due to massive water seepage from the roof affecting ceilings and walls; the appraiser writes that it would need to be completely renovated, including the roof.

    «L'appartamento andrebbe completamente ristrutturato compreso il tetto»

    Quote from the report (Italian), page 4 ↗
  6. State of repair

    Single lot: the appraiser reports water seepage from the roof with clear and serious effects.

    «Si segnala che dal tetto provengono infiltrazioni con effetti piuttosto evidenti e gravi.»

    Quote from the report (Italian), page 10 ↗
  7. Systems (plumbing, electrical, heating)

    Single lot: the systems are original to the period of construction, therefore obsolete and not compliant; the certificate of conformity for the systems is missing.

    «La certificazione di conformità degli impianti è mancante.»

    Quote from the report (Italian), page 5 ↗
  8. Unpaid condominium fees

    Single lot: the overdue and unpaid condominium charges as at the date of the appraisal are about €13,000, borne by the owner.

    «Spese condominiali complessive scadute ed insolute alla data della perizia (marzo 2023), circa Euro 13.000»

    Quote from the report (Italian), page 7 ↗
  9. Regularisation costs

    Single lot: the appraiser deducted €2,600 from the price for condominium charges for the last two years and €1,500 for cadastral and building regularisation.

    «Regolarizzazione catastale e edilizia 1.500,00»

    Quote from the report (Italian), page 9 ↗
  10. Other

    Single lot: the appraiser reports that maintenance of the roof is urgent, although no extraordinary expense was planned for 2021/2023.

    «la manutenzione del tetto è improcrastinabile»

    Quote from the report (Italian), page 7 ↗
  11. Restrictions and easements

    Single lot: the roof is a common part at least for the two flats in the low building block, as shown in the condominium regulations.

    «il tetto (che comunque è parte comune»

    Quote from the report (Italian), page 4 ↗

Automatic summary of the appraisal report (perizia): the report itself prevails. Pages read: 10 of 10. Summary of 5 November 2026. Open the report ↗

The lot

Flat of 66 m² in Cormano: base price €64,000 (€970/m²), vacant (the notice says so).

TypeApartment
Surface area66 m²
Occupancy statusVacant · from the notice
Deadline for offers17/11/2026 at 13:00 · in 12 days
Auction date18/11/2026 at 16:30
Minimum offer€48,000
Deposit10% of the price you offer
Minimum bid increment€1,500
Type of saleCourt sale by the Court of Milan, with online tender on the notaries' portal (Notartel)
Sale methodOnline asynchronous auction: offers and bids online over a number of days, without being present
ProceedingsR.G.E. 2760/2017 · Court of Milan
Viewings and informationSale delegate and court-appointed custodian: Francesca Frojo · 3206283301 · francesca.frojo@studiolegalefrojo.it

Offers by Tuesday 17/11/2026 at 13:00; auction on Wednesday 18/11/2026.

Read the text of the notice

From the notice: residential property unit on the first floor with access via private balconies, comprising three rooms plus the bathroom and other services.

If this auction also ends with no bids (asta deserta), as a rule the judge can reduce the base price (prezzo base) by up to a quarter: at the next attempt it could start from about €48,000, with a minimum offer (offerta minima) of €36,000. This is the legal maximum (art. 591 c.p.c.), not a forecast: the judge decides the reduction and in the meantime the lot could be awarded to someone else.

How to take part

Online offer digitally signed and sent via PEC on the Public Sales Portal (Portale delle Vendite Pubbliche, PVP). Minimum offer (offerta minima) €48,000.

  1. Book the viewing through the Public Sales Portal, using the «Prenota visita» button on the official listing: by law, requests go through it (art. 560 c.p.c.). Custodian: Francesca Frojo · 3206283301. You can call the custodian with questions about the property. Read the attached appraisal report.
  2. Prepare PEC, digital signature, ID document and the bank transfer for the deposit (10% of the price you offer, as the notice requires).
  3. Send the online offer via the Public Sales Portal by Tuesday 17/11/2026 at 13:00.
  4. Auction on Wednesday 18/11/2026 at 16:30: if you are the successful bidder, pay the balance within the notice's time limits, then the transfer decree (decreto di trasferimento).

The public appraisal report, with photos and the condition of the property, is free and is among the attachments to the notice: read it before making an offer.

Official documents

Costs and conditions to factor in

The items below are the general rules for this type of sale: the exact figures are in the notice linked at the bottom.

  • Deposit: 10% of the price offered (as the notice requires), paid by bank transfer before the auction
  • Balance of the price within the deadline set by the notice (at most 120 days from the award)
  • Registration tax or VAT as in a standard sale; plus the share of the sale delegate's fee for the transfer and the costs of registering the transfer decree
  • No commission to pay to the court or the seller. If you choose our assisted service, the fee is separate and we will tell you in writing before we start

What you really need

  • Deposit: €4,800 (10% of the minimum offer, as the notice requires) or €6,400 if you offer the base price
  • Registration tax (imposta di registro): €1,100 if it is a first home (prima casa) (2%, minimum €1,000) or €4,420 in other cases (9%, minimum €1,000), already including €100 of mortgage and cadastral taxes; if a business is being sold, VAT may apply: the notice says so. If you buy as a private individual and the sale is not subject to VAT, you can ask for the tax to be calculated on the cadastral value instead of the price: often it is much lower. Ask the sale delegate (delegato alla vendita) or the notary.
  • Share of the sale delegate's fee for the transfer (DM 227/2015), registration and change of ownership: approximately €1,000-€2,500
  • Indicative total budget starting from €48,000: about €50,100-€54,920
  • Estimate starting from the minimum offer: monthly instalment of about €165 with a mortgage at 70% (€33,600) over 25 years at 3.3%; about €16,500 of savings needed: the 30% not covered by the mortgage (the deposit paid is part of it and is deducted from the price), the registration tax and the fees
  • These are estimates based on the general rules, not a quote: the exact figure depends on the notice, your tax situation and the bank.

The investment figures

What it is worth on the market

As it is: €102,300 – €132,000

OMI values for standard homes, area “Statale dei Giovi, Brusuglio”, first half of 2026, normal condition, × 66 m².

After a full renovation: €135,300 – €174,900

OMI values for the same area, excellent condition, × 66 m².

What the works cost

Works€/m²Total for 66 m²
LightPainting, minor repairs, sanitary ware and doors€200 – €400€13,200 – €26,400
MediumBathroom, kitchen, flooring and upgrading of the systems€400 – €800€26,400 – €52,800
FullNew systems, window frames, flooring, bathrooms, kitchen and partition walls€700 – €1,300€46,200 – €85,800

Sources: idealista.it, money.it, cosedicasa.com, varesenews.it. VAT on the works, designer fees and tax incentives excluded.

The potential margin

ScenarioTotal costResaleMargin
Resell as it isminimum offer €48,000 + taxes €4,420 + delegated professional €1,000 – €2,500€53,420 – €54,920€102,300 – €132,000OMI, normal condition+€47,380 – +€78,580
Fully renovate and resellminimum offer €48,000 + taxes €4,420 + delegated professional €1,000 – €2,500 + works €46,200 – €85,800€99,620 – €140,720€135,300 – €174,900OMI, excellent conditionfrom −€5,420 to +€75,280

Estimates based on local averages and typical costs, not an appraisal or a quote: the actual condition is stated in the appraisal report.

Excludes VAT on the works, designer, tax credits, sale costs (agency) and taxes on capital gains if you resell within 5 years.

History of the lot

If this sale gets no bidders, the judge can lower the starting price by up to a quarter (art. 591 of the Code of Civil Procedure): the next attempt could start from about €48,000, with a minimum offer from €36,000. This is the maximum reduction, not a forecast.

Where it is

Position taken from the address in the notice: it may be approximate. © OpenStreetMap contributors, open the map.

If you rent it out

Starting rents estimated from rental contracts registered in 2025 in Cormano (141 homes on a 4+4 open-market contract, 9.2 €/m² a month on average). Change the numbers to run your own figures.

Simulated net per year€5,418

Gross income €7,296 a year. Yield on the total cost: gross 10.4%, net 7.8%. The net figure deducts the months without a tenant and the flat-rate tax, before IMU property tax, condominium fees, maintenance and utilities.

Rents: Italian Revenue Agency – OMI, registered contracts. Total cost, vacancy, occupancy and fee are Colpo d’Asta estimates. A simulation, not a promise of return nor tax advice.

  • Area value: in OMI area D1 “Statale dei Giovi, Brusuglio” (outlying), for standard homes in normal condition, the Italian Revenue Agency gives between €1,550 and €2,000 per m² of gross floor area. At the starting price it costs €970 per m²: 37% below the minimum of the area. For 66 m² the area range is worth between €102,300 and €132,000. Rents in the area: 6.8–8.8 €/m² a month.Italian Revenue Agency – OMI, values for the first half of 2026. These are average values for the area: they do not reflect actual condition, occupancy or unauthorised works, and at auction the price can rise above the starting price.
  • 43,571 homes sold in the last 4 quarters (rest of the province, MI), 61% with a mortgage. In Q2 2026: −1% on a year earlier.Italian Revenue Agency – OMI, data up to Q2 2026.
  • Average declared income in Cormano: €27,455 a year.Italian Ministry of Economy and Finance, tax year 2024.

The monthly payment, as a guide

€259 a month

Starting point: a mortgage of 80% of the starting price, 25 years, at the average rate of new mortgages in Italy (3.6%, ECB 2026-09). French amortisation at a fixed rate, fees and insurance excluded. Your bank sets the real rate: this is not a credit offer.

We call you back for free about this property

An agent reads the notice and the appraisal with you and explains the steps to take part. No commitment: any professional services and their costs are agreed beforehand.

The official notice of sale prevails.

At least one of email and phone is required.

We call you back for free