Apartment under renovation for sale in Siena

Apartment for sale in Siena, historical center. 158 sqm property under renovation with three bedrooms, two bathrooms, large living area, and choice of finishes. Ideal as a luxury residence or investment in the heart of Tuscany. General Description: In the beating heart of the historical center of Siena, in one of the most prestigious and strategic locations in the city, lies this elegant independent apartment. Positioned on the second floor of a historic and noble building located just a few meters from the famous Logge del Papa and Via Banchi di Sotto, the property is currently undergoing a complete structural and energy renovation. The recovery project, scheduled for delivery by the end of 2026, combines the high historical value of the context with the most modern building technologies for energy savings. Since this is a private sale with the possibility of benefiting from significant tax deductions on the renovation works, the property represents a unique opportunity and an exceptional quality-to-price ratio for the Sienese real estate market. Interior Description: The apartment boasts a commercial surface area of approximately 158 sqm distributed into 5 spacious logical rooms characterized by excellent internal heights and extraordinary natural light. The interior layout features a monumental double living room ideal for representation moments, a formal dining room, and an independent eat-in kitchen. The sleeping area, designed to guarantee maximum privacy, hosts three large bedrooms and two full bathrooms (with set up in the specifications for a potential third bathroom). Being under renovation, the buyer has the extraordinary advantage of being able to customize the distribution of the interior spaces and select the finishes from a high-end specifications list, defining floors, wall coverings, and technological details according to their personal taste. Exterior Description: The external facade of the noble building is in excellent state of preservation, characterized by the typical exposed stone and brick masonry that blends seamlessly into the medieval urban fabric of Siena. The shared entrance of the building is well-maintained, welcoming, and clean, preserving the period elegance of the property and ensuring a quiet and highly private context. Despite being in the beating heart of the city, the exposure of the internal views ensures a pleasant acoustic peace away from the main tourist flows. Main Features: Living space: about 158 sqm overall Residential floor: Second floor of a historic building Total rooms: 5 Bedrooms: 3 (from specifications and customizable) Bathrooms: 2 or 3 (from specifications and customizable) Conditions: Under renovation (delivery end of 2026) Heating: Independent with high energy efficiency Kitchen: Separate eat-in kitchen Energy requalification: Yes, with excellent specifications Tax benefits: Deductions for building renovation Utilities Details: The property will feature independent technological systems, entirely built from scratch according to the latest directives in terms of energy efficiency. The heating and the production of domestic hot water will be managed independently via latest-generation high-efficiency boilers, with a setup for summer air conditioning. The connection to the municipal water and electricity grid will be completely independent and equipped with newly installed individual meters. The solid wood window frames will feature double thermal glazing to ensure perfect thermal and acoustic insulation. Uses and Potential: This apartment represents an extraordinarily versatile and highly prestigious residential solution in the Tuscan real estate landscape. The generous size, the high level of customization, and the enviable location just a stone's throw from Piazza del Campo make it perfect as a luxurious primary residence for a family or as an elegant representation home for professionals. At the same time, the dynamism of cultural tourism in Siena and the presence of important international universities guarantee a secure, high-yield investment should you choose to enter the property in the luxury residential or tourist rental circuits. Local Real Estate Market: The real estate market in the municipality of Siena, particularly within the historic medieval walls, highlights a trend of consolidated stability and a constant increase in demand for energy-requalified properties. The latest statistical analyses show that the average asking price for residential properties in the municipality stands at around €2,963/sqm. Specifically in the Historical Center, the average quotations rise significantly, reaching €3,658/sqm for homes in good condition, with peaks easily exceeding €4,200/sqm for prestigious historic apartments fully renovated and equipped with modern systems. Purchasing a 158 sqm apartment under renovation from a private individual, with the possibility of customizing the finishes and taking advantage of tax deductions on recovery works, represents a strategic investment opportunity with wide margins for immediate capital gain upon delivery. Tourist and Historical Information: Siena is one of the most famous and fascinating art cities on the planet, declared a UNESCO World Heritage Site for its medieval urban layout that has remained miraculously intact. The apartment rises a short distance from the spectacular Logge del Papa, a monumental travertine masterpiece with three Renaissance arches commissioned in 1462 by Pope Pius II (Enea Silvio Piccolomini) as a gift for his family, located directly in front of the imposing Palazzo Piccolomini. Less than two hundred meters away is Piazza del Campo, the world-famous shell-shaped square dominated by the Palazzo Pubblico and the majestic Torre del Mangia, home twice a year to the historic Palio of Siena. The city preserves immortal Gothic masterpieces such as the Cathedral of Santa Maria Assunta (the Duomo), famous for its unique marble inlaid pavement, and the Basilica of San Domenico which houses the relics of Saint Catherine. The cultural richness, the proximity to the Chianti hills and the Val d'Orcia, combined with the renowned Sienese food and wine tradition, make this city a privileged destination for international elite tourism. Distanze: Piazza del Campo (Siena Center): 150 m Logge del Papa and Palazzo Piccolomini: 30 m Duomo of Siena (Cathedral): 450 m Medicean Fortress: 1.2 km Siena train station: 2.5 km West Ring Road entrance (Siena Sud): 3.5 km Monteriggioni (Fortified village): 18 km San Gimignano (Town of Towers): 40 km Montalcino (Land of Brunello): 42 km Florence (Tuscan capital): 70 km