€350,000 - €380,000
With the perfect mix between the old and new, these eight very well located apartments for sale in Alcântara feature a modern design preserving its traditional features such as the original ceilings and facade. Cosy and functional, these antique and charming renovated properties in the main street of Alcântara neighbourhood are perfectly eligible for the Portuguese Golden Visa Programme but at a more competitive price due to the renovation aspect of the project (€350,000 instead of €500,000 for most of the projects). Owners will appreciate the traditional Portuguese lifestyle whilst being close to all amenities, the Tagus Rivers promenade and having transport links at their doorstep.
Camões 103’s antique and charming eight apartments for sale in Alcântara are very well located, contemporary and perfect for those who wish to live in a renovated period building with one-bedroom apartments ranging from 55 to 63 sqm. The property boasts high-end finishes and optimised layouts which allow for plenty of natural light from the front and back of each apartment.
With private entrances for ground floor apartments and well-optimised interiors, each apartment features an open kitchen whilst the ground, first and second floors have high 3-metre ceilings and the third floor has got a standard 2.4-metre ceiling. One of the apartments on the second floor owns an extra space which can be used as an extra bedroom, office or living room.
This rare opportunity has a huge potential for capital appreciation with international schools and the new CUF hospital just a walking distance. Ideal for investors, as well as a great lifestyle investment, this property for sale in Alcântara is an interesting buy-to-let investment opportunity. These apartments are expected to perform well on the rental market as they are in a superb location with great rental potential for new tenants, especially with the new hospital and international schools openings that will certainly look to relocate in the area. Long-term rentals yields are estimated up to 3.72%. Another highlight is that they’re perfectly eligible for the Portuguese Golden Visa Programme with all licenses in place. Whilst a Golden Visa at €500,000 is generally the norm, this renovation project gives owners the opportunity to access the Golden Visa for a €350,000 investment, including the complete renovation with no additional cost on top.
The peaceful atmosphere of Alcântara is actually a trendy area under constant renovation work aiming to present new possibilities for the upcoming years and great potential of capital appreciation since the area has seen property prices rise by 34% between 2017 and 2019. Lisbon is ranked as one of the best life quality in the world and it’s enjoying the largest tourism increase in Europe, with a growth of 5,3% versus the European average 2,5%.
Between the Tagus river and the Monsanto Park lies the trendy Alcântara, a former industrial area which now is home to a tranquil neighbourhood with renovated properties for sale, an array of arty retailers, and a mix of local and unique restaurants. Next to the exclusive Belém neighbourhood, Alcântara offers a quiet but yet traditional Portuguese lifestyle within a walking distance to the Tagus River promenade, the famous historical industrial complex LX Factory, and easy access to the Belém Tower, 25 de Abril Bridge and Caparica’s stunning beaches.
Lisbon is complex and unique and until recently wasn't seen as the obvious choice for property investment, but in the past few years, it has seen a dramatic increase in popularity. Paris, London, Berlin, Rome are all cities that have a clear identity and cultural offering. Often thought of as the San Francisco of Europe, Lisbon is undergoing a m...