Martim Moniz 3-bedroom apartment with 123,00 m2 for 475.000 €
Sunny 3-bedroom apartment, located on the 1st level of a character building , opposite Ramiro – a landmark seafood restaurant in Martim Moniz (one of Portugal’s best)
The generous apartment is 123,00 m2 in size and is roughly 2 weeks away from completion and being ready for handover. The apartment was completely renovated and a 2nd bathroom was added (previously one huge bathroom). character apartment has retained all of it’s rich heritage, including the tall ceilings and original wooden floors and shutters, which were immaculately resorted. The bathrooms and kitchen will have a contemporary finish
The renovation works also included pre-installation of air conditioning , which is there (pipes and ducts) in case you feel the need to fit the air-conditioning machines (not really necessary).
There are many underground parking facilities nearby the apartment, where one can lease a parking space or pay-as-you-go… although street parking is plentiful in the area and “free of charge” for residents.
The location is superb, for both long and short-term rentals, with two metro stations by the property (Martim Moniz and Intendente) and a short walking distance to downtown Lisbon (Baixa Chiado and Chiado).
The conservative long-term rental you can expect for this property is 2.000 € per month and if you were to rent it out on a short-term rental basis, you would average 5.000 € per month at 200 € per day and the same occupancy rate of 85,00% (average for central historical Lisbon).
At the asking price of 475.000 € this translates to short-term rental yield of 13,06% which I am sure you will agree is a fantastic investment opportunity.
photographs of the apartment which were taken during the renovation (excuse the mess), before the double-glazed and sound-proof windows were fitted.
You could also consider, creating a 4th bedroom in the living to further improve the short-term rental yields
- High yield
- New renovation