A small village boasting a giant castle and a church with a bell tower has gone on sale for nearly £3million on an island in the central region of Umbria . Despite the eye-watering price tag , the property , with all of its alluring features and scenic location , is still cheaper than the average price of a terrace in the heart of London . It is proving to be a once-in-a-lifetime opportunity for potential buyers , and the perfect property for anyone who has dreamed of becoming lord of the manor . Scroll down for video . The stunning estate is located on Lake Trasimeno , in Italy 's Umbria region , and is on sale for £2,911,200 . The castle overlooks the village 's tennis courts , harbours and the nearby coast of Passignano sul Trasimeno . The stunning estate is located on Lake Trasimeno and is on sale for £2,911,200 – a million less than the average terraced house in Westminster , one of London ’ s priciest property markets . With grounds spanning 11 acres , the castle overlooks the village ’ s grass tennis courts , its two private harbours and the nearby coast of Passignano sul Trasimeno . It is a large 10-bedroom luxury escape set over two floors and around three courtyards , with planning permission to be converted into a hotel . If it becomes a hotel its history could help to lure holidaymakers , as the historic estate was founded around the 14th century Church of St Francis , which later grew to include a monastery . Today , the castle is a large 10-bedroom luxury escape with planning permission to be converted into a hotel . Today , the castle is listed as a building of significant historical and artistic interest . It is listed as a building with significant historical and artistic interest , and has received special protection from local authorities . The castle tripled in size after renovations from 1885 to 1891 , allowing it to accommodate the then fashionable large frescoes and collections of antiques . Today , the grounds are still home to six battle towers , an old mill and a park in the style of an English garden from the 19th century . The estate was founded around the 14th century Church of St Francis , which grew to include a monastery . The castle 's architectural features include windows with pointed arches and intricate cornices . Located two hours north of Rome , the castle could be the perfect escape or an ideal investment opportunity . A spokesperson for LuxuryEstate.com , which has listed the property alongside others selling for more than £10million , said : ‘ The castle is listed as a building of significant historical and artistic interest . ‘ Its architectural features include windows with pointed arches , intricate cornices and beautiful roof terraces . ‘ All of these elements , reflect the architectural styles during the periods of construction and additions to the castle , emphasizing the eclectic tastes of the time . ’
Small village in region of Umbria boasts a large castle plus its own church . Stunning estate is located on Lake Trasimeno and is on sale for £2,911,200 . With grounds spanning 11 acres , the castle overlooks two private harbours . Estate was founded around the 14th century LuxuryEstate.com . Price is still cheaper than the average terrace in the heart of London .