Principe real apartment with Patio
A freshly renovated 1-bedroom 1-bathroom apartment located on the ground level of an historical building in the heart of Principe Real, by Praça das Flores lined traditional restaurants and coffee shops.
The attractive Principe Real neighbourhood (named “Royal Prince” in honour of Queen Maria II’s first born child) extends north of Bairro Alto, and although it was once only known for its antique shops and bars, has now become an important shopping area, although it remains essentially a residential district, filled with gardens, a couple of the city’s most tranquil squares, and colourful mansions. The abundant charm has turned it into one of the most sought-after areas to live and rent in the central historical area of Lisbon.
The delightfully bright apartment is roughly 45,00 m2 in size (living area), plus another 15,00 m2 in the private patio or garden, was completely renovated (January 2018) and is ready-for-occupancy immediately.
The cosy apartment comprises: bedroom with en-suite bathroom, living room, laundry area and a practical kitchen, from where one accesses the private garden and patio. The outdoor space is equipped with sliding PVC doors, to allow half of the garden area to become an enclosed patio… allowing one to enjoy the “outdoor” space even in the mild winter time.
A remarkable AAA-location, in the heart of Principe Real – one of the most sought-after districts in historical Lisbon, which undoubtedly “ticks all the boxes” and comes with all the frills required for modern-day living.
Should you choose to rent out the property, we highly recommend short-term rentals, as these are far more lucrative and allow for your personal usage (in the off-seasons to maximize rental yields). This apartment should generate a gross rental yield of 11,93% on a short-term rental basis, calculated on a 100 € per night and average and occupancy rate of 85,00%.
An excellent investment opportunity not to be missed!
- High yield
- Principe real