PT9103930 · For Sale
2-bedroom townhouse for sale in Rabat
€585,000
- Rabat
- Townhouse
- 2 beds
- 3 baths
Property description
Corner Unconverted Townhouse with Development Potential Rabat (Victoria), Gozo A rare opportunity to acquire a corner, unconverted townhouse in the heart of Rabat (Victoria), Gozo, located within a Urban Conservation Area (UCA) and enjoying windows and balconies on two sides, offering excellent natural light throughout. Built approximately 110 years ago, this charming freehold property retains authentic features and offers exceptional potential to be transformed into a beautiful traditional home. The ground floor currently consists of a residence with a portion divided off as a shop. This space can easily be reconverted into the front salon, restoring the property to a full residential layout. Once converted, the main floor would comfortably accommodate a kitchen, a large open-plan living and dining area, and a striking winding oval staircase that leads to the upper floors and provides access to the cellar. The first floor presently comprises two bedrooms and a bathroom, while the second floor provides roof access. Importantly, permits are in place to construct an additional floor, allowing for the creation of a spacious master bedroom with an en-suite bathroom, significantly enhancing the propertys value and livability. Key Features: Corner unconverted townhouse Windows and balconies on two sides Approx. 110-year-old property Freehold Located in a UCA Cellar Existing shop easily convertible back to residential use Permits approved for an additional floor Excellent potential for a character home or investment This property is ideal for those seeking a traditional Gozitan townhouse with character, light, and the opportunity to create a bespoke residence in a prime central location.
What it takes to buy this
- Deposit (10% minimum)
- €58,500
- Stamp duty
- €19,250
- Cash needed to complete
- €83,600
- Monthly repayment over 30 years
- €2,438 / mo
Indicative only, at 3.75% over the full term, and not a mortgage offer. Your own rate, term and circumstances will change these figures.
Location
ApproximateThe highlighted area is approximate.
Market insight
Based on 15 homes for sale in Rabat.
- Townhouse
Typical asking price
€1,010,000
This home is around 42% below that.
3rd lowest priced of the 15.
Asking prices of homes currently listed with us, not achieved prices. Indicative, and not a valuation.
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