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Escolas Gerais

Alfama - Lisbon

2 - 3

€780,000 - €1.49m

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 just 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.  

Key features

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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. 

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 interesting rental yields.

Another advantage of these apartments is that they grant investors immediate access to Portugal’s Golden Visa programme. Amongst other benefits, a Golden Visa enables easy travel throughout the Schengen area and paves the way to Portuguese citizenship. All the documentation is in place for this project which means that investors can begin their Golden Visa application immediately. This is particularly important as the changes to the programme will be effective at the start of next year, meaning that investors have a narrowing window of opportunity to apply for their Golden Visa. 

Location

The oldest neighbourhood in Lisbon, the labyrinthine streets of Alfama wind from São Jorge Castle down to the Tagus river. This authentic and charming neighbourhood offers panoramic views over the city and is home to some of the capital’s most iconic landmarks including Lisbon cathedral, often just called Sé, and the baroque Panteão Nacional. The Portas do Sol viewpoint that is just a few minutes walk from the project offers one of the best panoramas of the city.

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