This Lisbon property for sale is located on a peaceful street in Príncipe Real close to São Pedro de Alcântara, one of Lisbon’s best viewpoints. Whilst sheltered from the hustle and bustle, a good selection of amenities can be found close by and Avenida da Liberdade, Lisbon’s famous shopping street brimming with high-end boutiques, is just four minutes away on foot. This apartment is perfect for small families looking to live peacefully in the capital or wanting a home away from home for enjoying city breaks.
This 125 sqm apartment for sale in Príncipe Real is part of an exciting renovation project which will turn a former print house into a collection of 11 modern apartments. Respecting the history of the property, the original facade will be carefully preserved whilst the interior of the apartment will be designed in a contemporary style with large windows to make the most of the natural light and the city views.
The property comprises two double bedrooms with en-suite bathrooms and fitted wardrobes, an open-plan living and dining area, a separate equipped kitchen and a guest bathroom. There is also a 21 sqm balcony from which the future owners can enjoy open views over the city.
In sought-after Príncipe Real, property prices typically range from €7,000 to €10,000 per sqm which makes this apartment very well-priced at €6,433 per sqm. In addition, prices are on the rise in this neighbourhood with property prices for comparable apartments in the area increasing by 25% between 2017 and 2020 (Confidencial Imobiliário).
Thanks to the property’s great location on a calm street yet close to many of Lisbon’s best attractions, this apartment is set to perform well on the long-term rental market with an estimated gross rental yield of 4%.
Located in the historical centre, Príncipe Real is one of the most sought-after neighbourhoods in the city and is famed for its charismatic and vibrant atmosphere. Príncipe Real, named in honour of Queen Maria II’s firstborn, is an interesting mix of residential areas, boutique shops and some of the best restaurants in the capital. It is in this neighbourhood that you will find some of Lisbon’s best attractions such as the lush Botanical Garden of Lisbon, the São Pedro de Alcântara viewpoint and the National Museum of Natural history and Science.