Portugal visa 1+1 bedroom penthouse with terrace & river views
Portugal Visa – 350,000 renovation project
Golden visa compliant property for sale
A charming 1+1 bedroom penthouse apartment located on the 2nd level of a character building in the renowned Lapa district, close to the riverfront and Embassies.
The cosy apartment is roughly 70,00 m2 in size and the current owners have created a 2nd bedroom in the mezzanine (attic). Hence the “+1” bedroom in the description of this property.
The south-facing property is in pristine condition and retains some of the original features including the wooden doors and shutters. One of the walls in the living room has been exposed and treated to reveal the original stone walls, adding character to this already beautiful apartment.
The current layout comprises a living room, sunny bathroom and kitchen, with plenty of natural light and views to the neighbouring gardens and the main bedroom. The bedroom has a walk-through closet, office and private terrace which offers city and river views. From the living room, one can access the mezzanine area with its “cool” bedroom, allowing you to sleep another two guests. Skylights have been added in the roof to allow even more natural light to flow into this magnificent apartment. The roof has been properly insulated and covered in wood for added comfort, whilst adding a little more charm to the property.
The Lapa district is deemed more sophisticated, to a degree due to the fact that the “old money” resides in this tranquil neighbourhood of central Lisbon and because the bulk of the Embassies are located here. It is perhaps comparable to Kensington in London terms. It is home to many ministerial buildings, hospitals and universities, making it a sought-after lifestyle destination, where one can realistically expect a premium for long-term rentals and better-quality tenants.
Should you choose to rent out the apartment in a short-term rental basis and assuming an average daily rate of 100 €, one can realistically expect a gross rental yield of at least 11,49% per annum, which would allow you to claw back your investment in just over 10 years!
A perfect location offering excellent transport links to all of Lisbon, including bus, tram and from the soon to be Estrela and Santos metro stations (coming 2021), an important addition that will add even more value to this unique one-of-kind property.
- Country: Portugal, Portuguese Republic
- Province / State: Lapa
- Property ID 13482-LAP022
- Price 270,000€
- Property Type Apartment, Golden visa 350,000, Renovation projects
- Property status Sold
- Bedrooms 1
- Bathrooms 1
- Size 70 m2
- Land area 10 m2
- Label Sold