Apartment in Campo San Giacomo dell’Orio

PRESTIGIOUS PROPERTY (RENOVATION REQUIRED)

• Location: Venice, Sestiere of Santa Croce, within Campo San Giacomo dell’Orio. One of the city’s most beloved, vibrant, and historically intact squares.
• Surface Area: 190 sqm (a significant size, rare to find as a single unit to be restored in this area).
• Asking Price: €910,000
• Current State: Located within a listed Palazzo, this apartment occupies the entire first floor and requires total restoration. It provides an excellent structural base for the recovery of Venetian architectural heritage, offering an ideal blank canvas for a high-end construction and systems renovation.
• Requested Value per sqm: ~€4,789 / sqm (€910,000 divided by 190 sqm).
• Market Alignment: Average prices for properties to be renovated in the Santa Croce macro-area range between €3,600 and €4,600 per sqm. However, the direct view over the Campo, the private entrance and stairway, and the absence of a condominium context fully justify the asking price of €910,000, making it a fair and attractive starting price for an investor who knows Venice.

Property Highlights:

The property in question is not a standard apartment: features such as the 190 sqm on a single floor, the independent entrance (private door), an extraordinary space illuminated with natural light from 8 windows directly overlooking Campo San Giacomo enriched by two small terraces, and the exclusive ground-floor dependencies (large entrance hall and storeroom) ideal for installing septic tanks, immediately place it in the prestige property category, which follows much higher price dynamics than the general averages for the area.

• Historic View and Extraordinary Brightness: The property boasts 8 windows directly overlooking Campo San Giacomo dell’Orio and two small terraces, a very rare feature that floods the spaces with natural light and offers an open and evocative view of one of Venice’s most beloved squares.
• Total Independence (Private Door): The independent entrance eliminates any condominium easements. This aspect drastically increases the commercial value of the property and makes it ideal for both a high-luxury private residence and a demanding international clientele.
• Perfect Systems Solution (Septic Tanks): The presence of the exclusive warehouse on the ground floor represents a huge technical advantage for a restoration project. It offers the suitable space for the installation of autonomous septic tanks, unlocking the full potential of the property for both residential and prestigious hospitality/rental use.
• Logistical and Service Space: The ground-floor storeroom is perfect for storing materials, bicycles, strollers, or as an additional service area.
• Very High Capitalization Margin: Once the renovation work is completed, the intrinsic characteristics of the property (190sqm, private door, 8 windows on the square, terraces, and septic tanks) will position it in the top tier of the Venetian real estate market, guaranteeing a secure and high economic return.