Baixa - Lisbon
Located on lively Rua Augusta, one of the city’s mosaiced pedestrianised streets, this renovated apartment for sale in Baixa, Lisbon, enjoys a superb location with a plethora of shops, restaurants and amenities close by. Plus, it is also just a short walk from the iconic Praça do Comercio and the Tagus river.
Located on the third floor of a renovated building with a lift, this Lisbon apartment for sale spans 102 sqm and features two double bedrooms with equipped en-suite bathrooms and a generous open-plan living and dining area of 35 sqm. There is also a balcony of 3 sqm which can be accessed via the living room. Thanks to its numerous windows and neutral colour palette, this south-west-facing property is bathed in light throughout the day.
Respecting the heritage of the original building, great care has gone into preserving the historic architectural features of the building such as the facade. The interiors have been finished in an elegant contemporary style with oak parquet flooring.
One of the first parts of Lisbon to experience a wave of regeneration and a sought-after place to call home, renovation and new-build properties in Baixa are becoming more and more scarce. This makes this renovated apartment for sale a rare find. Plus, at €8,039 per sqm, this apartment is well priced for this neighbourhood as property prices here can command as much as €10,000 per sqm
As well as an excellent lifestyle investment for someone wishing to live in the lively heart of Lisbon, this apartment for sale also represents an interesting buy-to-let property investment opportunity. Whilst short-term rentals are heavily restricted in Baixa, this central Lisbon apartment has permission for short-term lets via a chosen rental management company. Home to some of the city’s main tourist spots and just 15 minutes’ walk from Avenida da Liberdade and Chiado, Baixa enjoys the best occupancy rates in Lisbon which means that this apartment is set to perform well on the short-term rental market.
This property is also eligible for the Portuguese Golden Visa programme. One of the best residency programmes in Europe, this scheme offers residency to those who invest more than €500,000 in real estate in Portugal.
Sometimes compared to Covent Garden in London, Rua Augusta is the city’s most famous pedestrianised street with a beautiful mosaiced road lined with charming Pomabline buildings which house restaurants, shops and cafes. The road leads to the intricate Arco da Rua Augusta which offers magnificent views over Lisbon and opens up on Praça do Comércio which is widely considered to be the city’s grandest plaza.
Though the Portuguese capital is best known for its seven hills, each with its own miradoura or viewpoint, Baixa, meaning ‘low’ in Portuguese, is refreshingly flat which makes it a great place to call home and pleasure to explore by foot. Offering the best of both worlds, Baixa is lively during the day but becomes more relaxed in the evening as tourists and locals alike head to nearby Chiado where some of the capital’s best nightlife can be found.