Apartments in Lisbon with Garden and patio for sale
Magnificently renovated 1-bedroom 1-bathroom apartment located on the ground level of a character building on Rua das Trinas in the Lapa district (historial Lisbon).
The Lapa district, considered the sophisticated historical neighbourhood, great because it is where the “old money” is and where the bulk of the Embassies are located. Lapa would be comparable to the Kensington area, in London terms. This particular location is close to the Basilica da Estrela, with its romantic gardens, and Parliament Building (Prime Minister’s residence).
The charming Pombalino building houses a total of five apartments (one per level) and is conveniently serviced by numerous transport links (bus and tram) to all destinations in Lisbon… and with the added bonus that the new Estrela metro station (coming soon) will literally be just down the road .
The apartment is 60,00 m2 in size (living area) plus a 30,00 m2 private patio, which is equipped with a laundry area, landscaped garden with automatic irrigation system, a built-in BBQ and washbasin… which is very convenient for when you are entertaining guests or enjoying a meal in the garden… as this will happen 9 out of 12 months in the year! An awning and lighting were also fitted, during the renovation works, so the one can still enjoy the Lisbon sunlight or evening stars in the winter time 🙂
In terms of the build quality, you could not ask for any better. Truly FANTASTIC quality. The owners overlooked no details or cost, to make sure they delivered a BRAND NEW apartment, i.e. everything in the apartment is brand new, with the benefit of being located in an historical building.
The apartment comprises a very generous bedroom with 2 windows with immense natural light and en-suite bathroom, the walls and floor of which ate lined with exotic marbles and living room with an open-plan kitchen. The spacious bathroom with a walk-in tropical shower can also be used as a guest bathroom, given that it has 2 doors. The bedroom has floor-to-ceiling built in wardrobes. The kitchen is fully equipped with top quality Bosch appliances (built in) and all of the available space in the generous living room has been used for additional storage space.
350.000 € fully furnished which bespoke furniture (estimated value of 15.000 €)
In terms of the rental potential, you can realistically expect an average daily rate of 120.00 € per night (a little above average due to the quality and unique outside space) and occupancy rate of 85,00% per annum.
This translates to a annual gross income of 37.230 € or 11,11% rental yield. If we consider 30,00% for property management and rental costs, then the net rental yield is 7,77% per annum!