Overview
- Updated On:
- October 3, 2020
- 2 Bedrooms
- 2 Bathrooms
- 1,280.00 ft2
Property Description
This two-bedroom apartment for sale in Estrela enjoys a superb location just two minutes’ walk from Jardim da Estrela. Though sheltered from the hustle and bustle on a quiet road, there is a good array of shops, bars and restaurants within walking distance. Plus, schools and embassies can be found close by too.
The Property
Located on the top floor of a building with a lift which was delivered in 2010, this Lisbon apartment for sale spans 119 sqm features two bedrooms with fitted wardrobes, one of which also benefits from an en-suite bathroom. There is also a 37 sqm living and dining area, a separate kitchen, a laundry area and a guest bathroom. This apartment offers city views.
This well-lit apartment also includes storage and two parking spaces.
Investment Potential
Priced at just over €7,000 per sqm, this apartment for sale in Lisbon is well-priced for Estrela as properties here can command as much as €8,000 per sqm. Thanks to its calm location and proximity to amenities, this apartment is expected to perform well on the long-term rental market with estimated yields of up to 4%.
One of the advantages of this property for sale is that it grants international investors immediate access to the Portuguese Golden Visa programme. This highly acclaimed programme allows investors to apply for Portuguese residency for themselves and qualifying family members, granting them hassle-free access to the Schengen area amongst other benefits. After five years, it is possible to apply for full Portuguese citizenship.
Location
Home to the Portuguese government, Estrela is a relaxed residential neighbourhood which is popular with expats and locals alike. Once concealing the homes of the Portuguese bourgeoisie, the neoclassical facades of Estrela are now home to boutique shops, restaurants and cafes. Jardim da Estrela, a leafy oasis with a children’s playground and an array of exotic flora, is a must-visit.
Like its neighbour Lapa, Estrela is a very family-friendly neighbourhood and you will find plenty of excellent nurseries, schools and universities close by. Whilst this district certainly has a more laid-back way of life, it is still within walking distance from the capital’s main arteries such as Avenida da Liberdade and the beach is just 20 minutes away by car.
