Stabile/Edificio 1927 m² in Via Geminiano 20, Genova (GE)
Stabile/Edificio 1927 m² in Via Geminiano 20, Genova (GE). garage, cucina.
What it really costs
Can you move in?
A project, not a home yet
Condition not stated in the listingSee what needs doing and what each job costs
The €4,990 asking price is exceptionally low at €3/m²; even allowing roughly €700/m² for renovation, the estimated effective cost is about €703/m² versus a local benchmark near €900/m², with the coastal location adding value. However, presenting a 1,927 m² apartment as a building with garage and kitchen is unusually vague and potentially inconsistent, so its legal use, condition, and actual layout need careful verification.
Certified wiring, water and drainage, a heat source, a roof that keeps the water out, one working bathroom. Facade, insulation, a second bathroom and the floors wait.
All the services redone, bathrooms, kitchen, windows. The structure is left alone.
Our read of the photos, €700/m², falls in this band.
Turnkey, facade and insulation included.
Materials only, work you may do yourself€381,000 – €676,000
Wiring, water and sanitary work of any kind, heating, air conditioning and gas go to a registered firm by law, and so do flues and the air openings for gas appliances. That labour stays in the bill. Yours is the stripping out, plaster, paint, floors, tiling and carpentry.
Labour is 61% of a renovation price on average and 67% at the median, across 191 items of the Emilia-Romagna 2025 public price list. Materials are the rest. An averaged price list, not a quote.
Materials you buy yourself carry 22% VAT; supplied by the firm doing the work they go at the 10% renovation rate. On a €30,000 materials bill that is €3,600 of extra tax.
Household wiring installed before 13 March 1990 counts as compliant if it has a main breaker with overcurrent protection, protection against direct contact and a 30 mA RCD. Having a firm bring the existing wiring up to that and certify it is the cheapest lawful route.
Estimate from the listing and its photos, not a survey. Treat it as the starting point for your own quotes. An Italian builder's quote is normally written without VAT and without design fees, so add about a quarter to any figure a firm gives you.
The area around
Location score 55/100This cluster is inside the built-up area of Genoa, on the Ligurian coast between the Ligurian Sea and the steep first ridge of the Ligurian Apennines. The area has a narrow coastal strip, port basins and densely built slopes rather than open countryside. The nearest city of size is Genoa itself, with a major historic centre, port, airport and full urban services. Genoa's historic centre is part of the UNESCO World Heritage site "Le Strade Nuove and the system of the Palazzi dei Rolli."