Overview
- Updated On:
- October 3, 2020
- 2 Bedrooms
- 2 Bathrooms
- 1,259.00 ft2
Property Description
Situated on Rua do Alecrim, one of Lisbon’s main arteries and likened to London’s Bond Street, this two-bedroom apartment for sale in Chiado enjoys a privileged location with bars, restaurants and shop close by. In addition, this apartment is just a short walk from the Tagus river and Cais do Sodré metro station. This opportunity combines an ideal location together with modern interiors, making it an attractive home or rental investment.
The Property
Located on the fourth floor of a typical Portuguese building which was renovated back in 2018, this property pairs a traditional facade with a modern and high-end interior. Spanning 117 sqm, this apartment for sale in Chiado comprises an open-plan living and dining area, two bedrooms (one of which has an en-suite bathroom), a kitchen and a guest bathroom. Plus, with high ceilings and large windows, this property benefits from lots of natural light as well as partial river views. Covered parking is also included.
Investment Potential
This property represents an excellent buy-to-let opportunity and will be a wonderful home for those who want to live in one of Lisbon’s most sought-after neighbourhoods with all amenities and major transport links nearby.
Competitively priced at €8,376 per square metre in an area where prices can fetch up to € 12,000 per square metre, this property represents a great investment and is set to perform well on the long-term rental market with an estimated yield of 4%.
This property is also eligible for the Portugal Golden Visa Program which offers residency to those who invest in €500,000 or more in real estate. After five years, it is possible to apply for Portuguese citizenship.
Location
Chiado is located in the heart of the city and can be described as a mix of traditional and modern influences. This lively area is full of restaurants, boutique shops and hotels and has evolved into a meeting point for the city’s increasing number of international visitors, as well as locals. The area is home to many beautiful buildings and squares and is considered one of the most sophisticated and elegant spots in the city.
