Large Period Villa of 500 Usable Square Meters in Armenesca
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- Usable Internal Surface (sqm): 500
- Bedrooms: 7
- Kitchen: Closed
- Outdoor area: Yes (garden)
- Security: No
- Bathrooms: 2
- Reserved parking: Yes
PROPERTY DESCRIPTION: Large period villa, completed in 1930, with classic Romanian architectural elements and features from the Brancovenescu school. The house was built to impress, housing the former leader of the country during World War II and is begging to shine once again. A structural check was done by an interested buyer and was unique in not being thought to require structural reinforcement (due to 45 centimeter walls, reinforced concrete foundation, short and squat build), but we anticipate a further 150,000 euros in cosmetic renovation costs before it is expatriate ready. The villa sits on a plot of 456 sqm and with a built footprint of 250 sqm enjoys a sizable court and small garden in the back (total free land of 200 sqm). Usable space on the ground floor is 200 sqm, plus mansard of 200 sqm with vaulting beams and open spaces can be renovated into a livable space to complement the five formal rooms downstairs (bedrooms, study, living room, etc) and servants quarters already in the mansard and basement. Lastly, the home was returned to the original family so there should be no Legal issues with ownership.
NEIGHBORHOOD: Armenesca was originally the urban centre in Bucharest for the highly successful traders and professionals from the Armenian community. The neighborhood is full of stately mansions and villas from the period and was lucky to mostly escape the imposing of communist blocks. The area went through a bit of a period of neglect during the communist period as Armenians moved out and the mansions were assigned to multiple families newly arrived from the countryside, but despite this the area is quaint and old-worldly and we can see that the gentrification of the neighborhood is moving ahead briskly. Recently however, this gem of a neighborhood is experiencing a rebirth as wealthy Romanians have bought and renovated with their hearts. The neighborhood is between the Ionid and Plantelor neighborhoods, with restaurants, art galleries, etc. in the area and villa is about 800 meters from the Icon Park.
PROPERTY DESCRIPTION: Large period villa, completed in 1930, with classic Romanian architectural elements and features from the Brancovenescu school. The house was built to impress, housing the former leader of the country during World War II and is begging to shine once again. A structural check was done by an interested buyer and was unique in not being thought to require structural reinforcement (due to 45 centimeter walls, reinforced concrete foundation, short and squat build), but we anticipate a further 150,000 euros in cosmetic renovation costs before it is expatriate ready. The villa sits on a plot of 456 sqm and with a built footprint of 250 sqm enjoys a sizable court and small garden in the back (total free land of 200 sqm). Usable space on the ground floor is 200 sqm, plus mansard of 200 sqm with vaulting beams and open spaces can be renovated into a livable space to complement the five formal rooms downstairs (bedrooms, study, living room, etc) and servants quarters already in the mansard and basement. Lastly, the home was returned to the original family so there should be no Legal issues with ownership.
NEIGHBORHOOD: Armenesca was originally the urban centre in Bucharest for the highly successful traders and professionals from the Armenian community. The neighborhood is full of stately mansions and villas from the period and was lucky to mostly escape the imposing of communist blocks. The area went through a bit of a period of neglect during the communist period as Armenians moved out and the mansions were assigned to multiple families newly arrived from the countryside, but despite this the area is quaint and old-worldly and we can see that the gentrification of the neighborhood is moving ahead briskly. Recently however, this gem of a neighborhood is experiencing a rebirth as wealthy Romanians have bought and renovated with their hearts. The neighborhood is between the Ionid and Plantelor neighborhoods, with restaurants, art galleries, etc. in the area and villa is about 800 meters from the Icon Park.