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Vila Olarias

Mouraria - Lisbon

1 - 2

€310,000 - €525,000

The birthplace of fado, Mouraria is one of the oldest and most authentic of Lisbon’s bairros and these delivered apartments are set on one of this charismatic neighbourhood’s quaint, narrow streets. From here, two beautiful viewpoints, Miradouro da Graça and Miradouro da Senhora do Monte, are within walking distance and shops, restaurants and a metro station (Martim Moniz) are less than five minutes away on foot.

Key features

Period
Renovation
Town centre
Garden
Terrace
Golden visa

The properties

These one and two bedroom apartments are located within a 17th-century building that was completely renovated in 2019. Respecting the history and character of the building, the original facade, including the original round windows, has been restored to its former glory whilst the interiors have been finished in an elegant, contemporary style with wood flooring and a light palette of colours.

The properties feature open-plan living and dining rooms with fully equipped kitchens, double bedrooms with fitted wardrobes and air conditioning. Some apartments have outdoor living space in the form of patios or balconies and there is also a communal patio too.

Investment potential

These apartments are located in an area that is currently undergoing an exciting wave of regeneration so there is great potential for capital appreciation as this neighbourhood further develops. In fact, these apartments are part of a larger project which was completed in 2019 and saw nine properties in the immediate vicinity beautifully renovated and a new building constructed, injecting a new lease of life into historic Mouraria.

Thanks to their charming, central and well-connected location these apartments are perfect for those seeking a pied-à-terre as well as those looking to generate rental income. One of these apartments is sold with a rental agreement that enables the owner to benefit from a guaranteed 4% yield for the next two years.

Apartments priced at €500,000 or above are also eligible for the Portuguese Golden Visa programme and those who wish to apply for it can do so immediately. 

Location

Nestled between São Jorge Castle, the iconic Convento da Graça and the eclectic Martim Moniz Square, Mouraria is one of the city’s oldest neighbourhoods and has always been a very cosmopolitan neighbourhood with expats from around the world choosing to call this charming bairro home. Though steeped in history like its contemporary Alfama, Mouraria is closer to the city centre and very well connected by public transport making it great for those who want to live in a historic yet practical neighbourhood.

The birthplace of fado, Portugal’s iconic lamenting folk music, Mouraria is considered the soul of the city and is home to some of its best fado houses. Perfect for exploring on foot, you can get lost in Mouraria’s narrow cobbled streets and find new trendy brunch spots, coffee shops, restaurants and charming renovated squares. In recent years, the neighbourhood has undergone a period of transformation with old buildings in the Rua dos Lagares area, where this property is, completely revitalised. 

Mouraria

Set below Castelo São Jorge, Mouraria is one of Lisbon’s oldest neighbourhoods. One of the only ones to survive the 1758 alongside neighbouring Alfama, it’s as equally charismatic and characteristic. A stroll through its narrow, cobble-stone streets, home to independent shops, artisan workshops and an intimate convivial community, is like steppi...

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