Lisbon, Lisbon, Portugal

Set in noble Belém, close to the promenade, this well-located house will be a fantastic project for those seeking a property to renovate in the capital. An ideal family home, the property offers lots of outdoor living space and retains many of its original architectural details such as its beautifully tiled facade.

Rising from the edge of the Tagus River and bordered by the beautiful Parque Florestal de Monsanto, Belém is home to some of the city's most iconic landmarks including two UNESCO World Heritage Sites: Torre de Belém and the Mosteiro dos Jerónimos. The neighbourhood also has a fantastic selection of restaurants, museums and beautiful green spaces for enjoying Lisbon's wonderful climate. Extremely well-located, this house is a stone's throw from the Palácio Nacional de Belém and a good selection of shops and eateries close by including the legendary Pastéis de Belém where you can sample the best custard tarts in the city.

THE PROPERTY
This stunning house presents a unique opportunity for renovation enthusiasts to create their dream home in one of Lisbon's most sought-after neighbourhoods. Brimming with charm, the property features a traditional facade adorned with 19th-century tiles, showcasing the rich historical heritage of the area and adding character to the house.

The property spans 600 sqm across two floors and has endless possibilities with multiple rooms that can be transformed into cosy bedrooms, inviting living areas or functional workspaces. The property is flooded with natural light thanks to high ceilings and French doors that open up to Juliet balconies.

One of the most remarkable features of this property is its expansive garden area with mature trees. A very sought-after asset in the city, the garden offers a serene retreat, perfect for relaxing or hosting memorable gatherings with family and friends.

There is also an annexe with a bathroom which could be used as a garage for parking or additional storage space.

INVESTMENT POTENTIAL
While the property requires renovation, it presents an incredible opportunity for those with a vision. Whether you're looking to restore the house to its former glory, embrace a contemporary design, or create a unique blend of both, the potential is limitless. The existing architectural elements, such as the 19th-century tiles, provide a strong foundation to build upon and add a touch of historic charm to your revitalized home.

Although prices in Belém are higher than in other neighbourhoods in the Portuguese capital, it continues to offer lower prices compared to other European capitals with a very balanced cost of living. In general, anyone who invests in real estate in Belém can expect an excellent rental income.

ATHENA ADVISERS - Added value and 360° purchase support since 2003
In addition to organising property viewings from our office on Avenida da Liberdade, our in-house teams also support clients through every step of the purchase process from finding the best Portuguese mortgage through to rental management. We also decode the paperwork and contracts and become the bridge between all the different legal and official parties involved in the purchase, guiding our clients through every step of the process.