UPP160

South District

2 beds | 2 baths

£820,000

Price per sqm £6,307.69
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UPP160

South District

2 beds | 2 baths

£820,000


ABOUT THIS PROPERTY

This unique stand-alone structure, perched on stilts in the pristine nature reserve of Gibraltar, offers a blend of tranquility and potential. The building is a two-level gem, with a one-bedroom apartment on the first level and a studio on the ground floor. Both levels feature inviting terraces that provide breathtaking panoramic views of the glistening bay.

Although this structure has stood the test of time, it is evident that it now yearns for a new lease on life. With its dated appearance and signs of wear, it's a canvas awaiting either a complete renovation to restore its former glory or the possibility of a fresh start through a full-scale reconstruction. In either case, this idyllic location promises a unique opportunity for those seeking a harmonious blend of natural beauty and architectural potential.

Areas m2
Interior Size:
105m2
Exterior Size:
50m2
Plot Size:
200m2
Amenities
Furnishing:
Unfurnished
Terms and Lease
Ownership:
Leasehold 70 years remaining
Rates:
£118.12 Per Quarter

About South District

The South District is a large area commonly known as the quieter and predominantly residential area in Gibraltar. It is split between upper and lower regions and enjoys its own unique micro-climate, particularly during easterly winds which affect the town centre and north western districts.

The area comprises of middle and high end residential developments such as The Anchorage, Cliftons, Rosia Plaza, Vineyards as well as some exclusive upper high end developments and private residential homes including Buena Vista Park, The Sanctuary and New Aloes.

The location generally affords great views and aspects southward towards the Bay, Strait of Gibraltar and Africa. The district enjoys the benefit of two junior and middle schools, Loreto Convent and St Josephs.

In addition, there are numerous historic, touristic and leisure sites in the area, including Parsons Lodge, Europa Point Park, 100 Ton Gun, Rosia Bay and Camp Bay as well as the famous The Botanical Gardens.

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Property Stats

Average BMI Property Sales Prices for South District

Average Price

Year

£1,447,400.00 2024
£930,000.00 2023
£886,777.78 2022
£699,096.88 2021
£974,285.71 2020
£549,785.71 2018
£955,000.00 2017
£680,000.00 2016
£543,750.00 2015
£1,920,000.00 2014
£573,270.00 2013
£1,250,000.00 2012
£1,740,000.00 2011
£405,000.00 2008
£695,000.00 2007
£777,500.00 2006
£330,000.00 2005
£310,400.00 2004
£303,333.33 2003
£285,000.00 2002

For full property stats visit our market update

Disclaimer:

These sale prices are for information purposes only and may not be relied upon as a valuation or any other purpose. BMI shall not be responsible for any losses or damages caused by or in connection with the reliance or use of the figures or market information set out on our website.

NB. Whereas we have endeavoured to maintain accuracy with all the information provided, we would point out that certain average prices listed, may be somewhat weighted given the various types of particular bedroom / property types in various developments. The information is therefore provided for guidance purposes only. For further detailed information, we would kindly ask that you contact our office.


Unit 7 Portland House, Glacis Road, Gibraltar

+350 20051010

info@bmigroup.gi