TOW352

Town

6 beds | 4 baths

£3,300,000

Price per sqm £3,357.07
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TOW352

Town

6 beds | 4 baths

£3,300,000


ABOUT THIS PROPERTY

Project Overview – 593m² Residential Property in Town with an external area of approximately 780m2

This project concerns a 593m² residential property strategically located within the urban fabric of the town. The property offers significant potential for high-quality residential accommodation, benefitting from its central location, accessibility, and proximity to key services, amenities, and transport infrastructure.

Site & Location

Positioned within an established town setting, the property is well connected to local shops, schools, healthcare, and recreational facilities. Its location supports both long-term residential use and potential mixed-use integration, depending on future planning objectives.

Property Characteristics

• Total Area: 590m² Internal plus 500m2 external

• Current Use: Residential

• Configuration: Suitable for adaptation as a single large dwelling, subdivision into multiple units, or redevelopment (subject to planning approval).

• Access: Direct access from main town routes, with provision for private parking or landscaped communal areas.

• Utilities & Infrastructure: Existing connections to town services, including water, electricity, and drainage.

Development Potential

The scale and positioning of the property present flexibility for various residential outcomes, including:

• Private family residence with extensive interior space and landscaped gardens.

• Conversion to apartments, supporting urban housing demand.

• Mixed-use potential (subject to permissions), integrating small-scale commercial or community uses at ground level with residences above.

Conclusion

This 593m² residential property represents a valuable opportunity within the town environment. It offers both immediate usability as a high-quality dwelling and longer-term development potential aligned with local housing demand and urban growth strategies.

Areas m2
Interior Size:
593m2
Exterior Size:
780m2
Plot Size:
800m2
Amenities
Furnishing:
Unfurnished
Parking:
Lock Up Garage
Terms and Lease
Ownership:
Leasehold

About Town

The heart of Gibraltar, stretching North to South from Casemates to The Referendum Gates and East to West from Irish Town to Town Range.

The retail centre of Gibraltar including Main Street, Casemates and Irish Town comprising mainly of older Freehold properties and enjoying high street brands such as Marks & Spencer, Holland & Barrett, Mango, Tommy Hilfiger and others.

The area comprises of several residential developments such as Gibraltar Heights, Cornwall’s Centre,Trafalgar House and the new and exclusive Midtown Development affording luxury residential, retail

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Property Stats

Average BMI Property Sales Prices for Town

Average Price

Year

£275,000.00 2025
£1,333,333.33 2024
£793,000.00 2023
£1,603,000.00 2022
£549,166.67 2021
£182,000.00 2020
£941,250.00 2019
£315,000.00 2018
£46,700.00 2017
£1,050,000.00 2015
£167,500.00 2012
£75,000.00 2004
£265,000.00 2003
£149,650.00 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