Estrela Álvares Cabral
2 - 5 Sovrum
This collection of just 19 renovated apartments for sale in Estrela offers a unique blend of superb location, next to the beautiful Jardim da Estrela, and stunning views of the Tagus river. Very rarely do properties with this combination become available in this sought after and family-friendly area of Lisbon.
In a noble area, away from the tourism but within easy reach of the city centre, these apartments for sale in Lisbon enjoy a truly privileged location which offers a more laid-back way of life whilst still being close to the city’s main avenues and attractions. The properties are just a stone’s throw from the exotic Jardim da Estrela and Avenida da Liberdade, Lisbon’s brand-filled spine, is a pleasant 11-minute stroll away.
Thanks to their coveted location, the apartments are like a personal miradouro offering stunning views from every angle. Apartments facing Avenida Álvares de Cabral overlook Estrela, Largo do Rato and the bridge whilst the others offer views of the Tagus River and the castle.
Equipped with a lift, this renovation project comprises of 19 unique apartments ranging from 78-325 square metres. One to three-bedroom apartments make up the first six floors of the property and a pair of duplex apartments occupy the seventh floor and the attic space. All apartments have been cleverly designed to feature lots of social space including large open living and dining rooms and balconies or terraces. In addition, some apartments also benefit from a private swimming pool.
All residences feature modern interiors with high-end finishes, such as marble bathrooms, natural solid wood flooring and fully equipped kitchens with SMEG appliances. Plus, there is storage space and 1-4 parking spaces for each property.
All of the residences are eligible for the Portuguese Golden Visa scheme. This programme grants residency to anyone who invests more than €500,000 into Portuguese real estate, allowing for easy travel to countries within the Schengen zone. After five years, it is then possible to apply for Portuguese citizenship.
Whilst the resort’s popularity keeps increasing, the village’s town hall has started putting in place measures to prevent it from losing its timeless charm: the number of available and buildable plots have been reduced and rental restrictions on new builds have been put into place.
Therefore, this project represents a rare opportunity within the heart of Châtel as it is free from any rental obligation. Plus, with an average price of €7,200 per sqm, this project is very well positioned on the Châtel property market especially in such a central location. Less pricey than its neighbours Morzine and les Gets where prices for new-build ski properties are offered at €12,000/sqm, Châtel’s prices can still reach prices up to €10,000 per sqm. Finally, due to their new-build status, these apartments can be rented out in order to recuperate the VAT equivalent to 20% of the price.
Get to know Álvares Cabral
“Alongside its neighbour Lapa, Estrela is one of the most family-friendly neighbourhoods in Lisbon with plenty of excellent nurseries, schools and universities close by. ”
Carlota Pelikan, Destination Adviser for Portugal
Kontakta våra fastighetsexpert
Ett team av experter på det högsta nivå, med djup kundskap och erfarenhet inom branschen.
Head Senior Adviser
Lisbon Rental & Resale Manager