Apartment for sale in Montepulciano

Apartment for sale in Montepulciano. 130 sqm, 3 bedrooms, bathroom, eat-in kitchen, living room, 5 sqm terrace and 130 sqm attic. Ideal first home near medieval walls. General Description: Bright first-floor apartment in a 1960s building of eight units, free on three sides and situated less than 100 m from Montepulciano’s medieval gates. The 130 sqm commercial area is arranged on one level and retains original terrazzo floors and wooden window frames. The unit requires modernization and system upgrades. A retractable staircase leads to a habitable attic of the same size. Interior Description: The entrance opens onto a 35 sqm living/dining room served by two windows and a door to the covered 5 sqm terrace. The eat-in kitchen also opens onto the terrace, offering natural light and space for a modern cooking area or pellet stove. A hallway leads to two double bedrooms with parquet floors and balconies, one single bedroom, a windowed bathroom with wall-hung fixtures, and a convenient storage closet. Exterior Description: The recently maintained plaster façade frames an orderly communal hall. The 5 sqm covered terrace, protected by a wrought-iron railing, is perfect for outdoor relaxation. At ground level there is one reserved parking space and one covered garage. The 130 sqm attic, with a window, provides ample scope to create a studio, additional bedroom or hobby room. Main Features: Living area: 130 sqm Floor: first Bedrooms: 3 Bathrooms: 1 Eat-in kitchen: yes Living/dining room: yes (35 sqm) Terrace: 5 sqm Habitable attic: 130 sqm with window Storage closet: 1 Parking space: 1 Garage: 1 Independent gas heating: yes Energy class: G Details on Utilities: Independent methane heating with radiators; mains water and electricity connected; electric boiler for hot water; pre-installation for air conditioning. Existing systems require upgrades to meet current efficiency and safety standards. Uses and Potential: Ideal as a family home for those wishing to live adjacent to the medieval walls, with generous, customizable spaces. The large attic can become a studio, home gym or fourth bedroom. Also attractive as a short-let investment, benefiting from steady tourist flows drawn by local wine and cultural events. Local Real Estate Market: In March 2025 the average asking price in Montepulciano was € 1 560/m², down 6% YoY from March 2024. Annual residential transactions exceed 150 sales, with a time on market of 90 days and around 450 active listings. By comparison, the province of Siena averages € 2 036/m² (+1.04% YoY). Farmhouses in the countryside of Montepulciano fetch around € 1 980/m², while nearby Pienza averages € 1 750/m². Long-term rents average € 7.40/m²·month (–22% YoY) versus € 11/m²·month in Siena. Market forecasts indicate a stable pricing trend with a slight upward bias (+0.5%) by late 2025, driven by enotourism growth. Tourist and Historical Information: Montepulciano rises 605 m above sea level on a limestone ridge, with origins tracing back to the Etruscans and flourishing in the Renaissance. It is world-famous for Vino Nobile DOCG, produced in centuries-old cellars dug into tuff, attracting over 100 000 annual visitors. The historic centre revolves around Piazza Grande, home to Michelozzo’s Town Hall, the Cathedral of Santa Maria Assunta and the travertine Palazzo Tarugi. Nearby stands the Sanctuary of Madonna di San Biagio (1518) by Sangallo the Elder. Key events: Bravio delle Botti (last Sunday of August): traditional barrel race along the medieval streets. Cantiere Internazionale d’Arte (July–August): music, theatre and dance festival in historic venues. Cantine Aperte (May & September): guided winery tours and tastings in local estates. Scenic wine-food trails, hiking among the Crete Senesi and e-bike tours of vineyards and villages complete the visitor experience. Distances: Porta al Prato (historic gate): 0.1 km Bus stop: 0.1 km Primary school: 0.2 km Supermarket: 0.3 km Piazza Grande: 0.5 km Sanctuary of San Biagio: 3 km Chiusi–Chianciano railway station: 13 km A1 Valdichiana motorway exit: 12 km Siena: 65 km Florence: 110 km