Escolas Gerais, Alfama, Lisbon | Athena Advisers

Alfama Escolas Gerais

2 Bedrooms
780000 - 870000

View available properties

Located on a charming cobbled street near the iconic Tram 28 and a few steps away from the Portas do Sol viewpoint, this beautiful renovation project in traditional Alfama consists of five spacious apartments.

With wonderful river views from the top floors and views of the Alfama viewpoint for all residences, these Lisbon apartments are perfect for those seeking a pied-à-terre and they are eligible for short-term rentals which is incredibly rare in Alfama and in the capital as a whole.

These apartments would make wonderful second homes or buy-to-let investments with net yields of up to 4% - this is an opportunity not to be missed.

The apartments

Comprising just five apartments (one per floor and a duplex at the top), these properties for sale in Lisbon all have private entrances for more privacy. All properties boast west or south-facing terraces and balconies to make the most out of the wonderful views over the city and the famous Alfama viewpoint: Portas do Sol. Apartments from the third floor will also have stunning river views. All of these properties for sale in Lisbon will have excellent finishes such as marble floors and concrete ceilings. 

Because it is an intimate project, the ground floor is dedicated to garages for those who want to purchase one and a delightful communal garden with palm trees. The building is equipped with a lift and the private entrances of the apartments can be accessed via external staircases. The white facade of the property perfectly complements the style of the neighbourhood and the blue staircases will bring a nice modern touch. 


Available properties.

Unit Type Bedrooms Interior sqm Outside space Floorplan Total price Interested
1A Apartment 2 100 Yes View / Download 780000
2A Apartment 2 102 Yes View / Download 820000
3A Apartment 2 103 Yes View / Download 870000

Investment potential

Whilst it has become quite difficult to find properties eligible for short-term rentals in the historical centre of Lisbon, this project already has a licence as it was acquired before the changes to short-term rentals came into play. This is therefore the only new project in Alfama with a short-term rental licence at the moment. Thanks to their superb location and miradouro-worthy views, these apartments are expected to generate net rental yields of up to 4%. 

Get to know Escolas Gerais


“These five apartments are currently the only new project for sale in Alfama with a short-term rental licence in place, allowing investors to rent their properties out on the lucrative vacation rental market. ”

Carlota Pelikan, Destination Adviser for Portugal

Interested in Escolas Gerais?

Please fill out the form below and one of our property experts will get in contact.

Carlota Pelikan

Lisbon Adviser

Alex Montier

Senior Adviser

Marta Salgado

Portugal Adviser