Gibraltar Property Under £1,000,000: Think It’s Only Flats? Think Again.

When people think of property in Gibraltar under £1,000,000, the first image that often springs to mind is a compact flat, perhaps with nice views, but hardly enough room to swing a cat.  After all, with high demand and limited land, how can there be houses in this price bracket?  The truth is that Gibraltar’s property market still offers genuinely attractive houses - not just flats - under £1M (and some are even freehold!).  From townhouses with gardens to historical homes with character, there’s far more choice than many realise.

Here’s a look at standout options proving that houses do exist under £1,000,000 in Gibraltar - ideal for families, investors and anyone craving more than apartment living.

1. Cumberland Steps, South District: £975,000 (f/h)

A sizeable three-storey townhouse in the sought-after South District with four double bedrooms, three bathrooms, generous indoor living areas, and both front and rear outdoor spaces - including a roof terrace with views.  This isn’t cramped - it’s comfortable and versatile.

Why it matters: A true house feel with lots of internal and external space, close to amenities and scenic walks.

2. Boschettis Steps, Town Area: £950,000 (f/h)

This classic terraced property blends character with practical family living.  Located on the historic New Passage lanes, it offers multiple bedrooms, good natural light and town-close convenience, perfect for those who want house living without sacrificing access to the heart of Gibraltar.

Why it matters: A character home in a great location - ideal for someone after a traditional, well-loved property.

3. Old Brympton Close, South District: £940,000 (l/h)

Quiet cul-de-sac living in the South District.  Four bedrooms, two bathrooms, a garden and integrated garage give this home serious family appeal.  Westerly sea views are a bonus.

Why it matters: Indoor-outdoor living with room to adapt for offices or play spaces.

4. Hospital Ramp, Town Area: £900,000 (l/h)

A historic residence in Gibraltar’s Old Town, blending classical architecture with modern comfort.  With multiple bedrooms, outdoor patio space and a private roof terrace, this home marries period charm and practicality.

Why it matters: A perfect choice for those who value heritage and a town-centre lifestyle.

5. South Walk, South District: £865,000 (l/h)

Close to the western edge of Europa Flats with sweeping views over Elliott’s Battery and the Straits.  This four-bedroom terraced house combines strong outdoor aspects with thoughtful internal layouts.

Why it matters: Great location + excellent views + house-style living for under £1m.

6. Devil’s Gap Road, Upper Town: £899,500 (l/h)

Located on the historic and scenic Devil’s Gap Road, this property typifies Gibraltar’s classic terraced house - character, outdoor terraces, and proximity to shops and parks.

Why it matters: A charming local address that proves houses can still be affordable.

7. Prince Edwards Road, Town Area £547,000 (l/h)

Yes, a detached house significantly under £1M does exist here - though they’re rare!  This standalone property offers genuine independence, outdoor areas and potential for renovation or customisation.  Detached homes in Prince Edwards Road are usually pricier, so finding one just over half a million is a great opportunity.

Why it matters: For buyers who must have a house that isn’t attached to neighbours - this is an exceptional offering.

So What’s the Takeaway?

❌ £1,000,000 doesn’t mean “only flats” in Gibraltar.

✅ There are houses - true terraced homes, townhouses, and even a detached house - in this price bracket.

From historic Old Town charm to spacious South District homes with outdoor areas and sea views, Gibraltar’s sub-£1m market has genuine variety.

Whether you’re looking to upsize, invest or just crave more space, there’s far more available than most people assume.  So next time someone tells you “under £1M in Gibraltar is just flats” - you can say confidently: Wrong!