2 Bedroom Apartment Pending Renovation

Chiado, Lisbon, Portugal | Ref: AALB11-K

2 Bedroom Apartment Pending Renovation

Chiado, Lisbon, Portugal

2 Bedroom Apartment Pending Renovation

Chiado, Lisbon, Portugal

Alecrim 51
  • Pending Renovation
  • 2 bedrooms
  • €1,250,000
  • Alecrim 51 K
  • Interior: 114.22m2

Set on Lisbon’s iconic Rua do Alecrim in Chiado, at the crossroads of the capital’s most cosmopolitan districts, a stately 18th-century building is being transformed into a collection of 15 design-led apartments with river views, exceptional contemporary finishes and carefully restored original architectural elements. Offering an excellent range of apartments, including a spectacular loft-inspired residence with vaulted ceilings, arches and industrial decor, this one-of-a-kind project is ideal for those looking for a central Lisbon home that balances contemporary comfort with traditional Portuguese charm.


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These apartments are extremely well-located as they are just a six-minute walk from the Tagus river and a variety of historic cafes, theatres, bars and fashionable restaurants can be found close by. The British School of Lisbon is just a five-minute walk away and several leading schools and universities - such as ISEG, IADE and Redbridge School - are less than 10 minutes away by car. While Alecrim 51 has everything you could need right on the doorstep, Chiado is very well connected to the rest of the city. Baixa and lively Bairro Alto are less than 10 minutes away on foot and a five-minute walk will bring you to the Cais do Sodré transport hub, which is opposite the popular Time Out Market.

About The Property

Discover a stunning collection of 14 residences, ranging from optimised studios to spacious three-bedroom apartments, across five floors. The building's original Pombaline facade, complete with traditional Lioz stonework and filigree balconies, has been preserved to respect its heritage. Inside, contemporary design blends seamlessly with original elements such as colourful azulejos, moulded ceilings and wooden window frames. Enjoy natural light flooding in through high ceilings, arches, folding doors and glasswork. Most apartments boast outdoor living space, with balconies or winter gardens, and upper floors offer breathtaking views of the Tagus river. Adaptable to your lifestyle, many apartments have extra rooms for a home office or extra sleeping space. Experience a warm and welcoming ambience with wide-planked hardwood flooring throughout, open-plan living areas with sleek, integrated kitchens equipped with high-quality appliances, and ample storage space in the bedrooms with built-in wardrobes and en-suite bathrooms featuring heated walls and marble wash basins.

Investment Potential

As well as a beautiful and well-located place to call home and savour Lisbon's incredible quality of life, these apartments have a number of attractions that make them a great investment too.

Set on a famous street, Alecrim 51’s apartments are brimming with historic charm and exceptional finishes, making them akin to works of art and unrivalled within their neighbourhood. Furthermore, the unobstructed views over the river from the upper floors on both facades is something of which only a few buildings on Rua do Alecrim can boast. These factors combined make Alecrim 51 a true one-of-a-kind development, endowing its apartments with a strong resale appeal and the ability to perform well on the rental market, with expected yields of 3.8% (gross). Compared to delivered properties in Chiado, which can command up to €11,000 per sqm, Alecrim 51’s properties are well-priced at €8,000 per sqm, creating room for capital appreciation upon delivery and over the coming years.


On a prestigious street in the city’s historic centre, these apartments offer the sought-after mix of contemporary design, preserved historic elements and river views.

Why Invest

  • Prime location in central Lisbon
  • Preserved historic details and modern finishes
  • Incredible river views from upper floors.
  • High-end finishes and beautiful interior design
  • Expected rental yields of 3.8%

Local Insights

  • Central neighbourhood
  • Vibrant cultural scene and nightlife
  • High-end shopping and dining options
  • Beautiful architecture and picturesque streets
  • Excellent public transportation connections.

*Please note that the images used throughout are indicative or photographs of previous work from the same developer. Images may not be exactly representative of the property.


Reference Ref Type Bedrooms Beds m2 Price Interested?
AALB11-K Apartment 2 114.22 m2 €1,250,000
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