A Terrace on the Sky — Allerona For sale: multi-storey townhouse with three independent apartments The Village Allerona sits at 472 metres above sea level, on the border between Umbria, Tuscany and Lazio, and is listed among Italy's Most Beautiful Villages (I Borghi più Belli d'Italia). The medieval castle walls are still standing, along with the original Porta del Sole and Porta della Luna gateways, and the historic centre retains its intact medieval fabric — stone houses, narrow alleys, no render, no renovation tourism. Orvieto is less than 30 minutes away. The area produces quality olive oil, saffron and local wine. This is not a postcard: it's a place that works. The Property A four-storey townhouse with three self-contained residential units and separate entrances. Ground floor — Cadastrally registered as C/2 : open space with large living area, fireplace, kitchenette and bathroom. Storage/cellar room included. First floor — Two bedrooms, kitchen, bathroom. Second floor — Same layout as the first: two bedrooms, kitchen, bathroom. Attic floor — Two rooms, hallway, veranda and a terrace overlooking the village and the surrounding countryside. Needs work — but it's the floor with the most potential. The three main apartments are move-in ready, in decent to good condition. A light refresh is advisable but not urgent. Who Buys This Property Three realistic profiles: Two families who want to live close without sharing walls. Each has their own floor; the ground floor and attic become shared spaces — storage, living area, terrace. Three separate households who purchase together as a holiday home, splitting the cost and using the property on rotation or in parallel. An investor looking at short-term rentals. Demand for houses in Umbrian villages is solid and growing: Allerona ticks every box — authenticity, location, landscape — and still has very few quality competitors on the rental market. A property for buyers with a clear project in mind, not the usual holiday apartment.