Our Projects

Duplex Apartment Development Project - Lisbon

160 m2

Cost 650,000 €

Renovation budget 150,000 € (top end)

There are NO permissions of licenses required as this is a renovation project.

Total expenditure 800,000 €

Rental income 3,500 € per month minimum (42,000 € per annum) more for a HMO would be possible.

Resale value  1.2 m to 1.5 m depending on specification.

About The Apartment

The Property is currently set out as a duplex (over two floors) and comprises of :
 
First floor
 
Two reception rooms, a Cloakroom/Bathroom and a Kitchen on the ground 1st floor.
Outdoor space consisting of 2 balconies.
Spectacular views across the Lisbon rooftops and the Vasco da Gama Bridge.
 
 
2nd Floor
There are 2 smaller bedrooms located either side of two bathrooms and two larger bedrooms both with balcony access on the other side.
 
Reconfiguration would be a fairly simple process.
 
Please note we are working from the original builders drawings.

Location

The property is situated just below the Garden of Estrela in the heart of Lisbon, offering a prime location with easy access to the city’s top tourist attractions. Just steps away, you’ll find the vibrant Pink Street and the picturesque waterfront, while the nearby business quarters provide convenient access to the city’s commercial center.

Despite its central position, the property is tucked away, providing a peaceful oasis amidst the bustling energy of Lisbon. In recent years, the surrounding area has seen a steady influx of excellent restaurants, catering to a diverse array of culinary preferences. And with the legendary Lisbon nightlife just on your doorstep, you’ll never be short of exciting entertainment options.

While the property does not have a dedicated parking space, resident permits are available, and there are nearby garages that can be rented. This allows you to enjoy the convenience of city living without the hassle of finding a parking spot every time you return home.