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Modern living room with white sofa, armchair, wood-slat wall with TV, and sliding doors opening to a patio with a pool. [AI-generated text]

House with approved project for 3 bedrooms and a pool in Estrela

€1,000,000
  • ~137 m² Plot surface

Description

Excellent investment opportunity in the heart of Lisbon!

Urban building with an approved project in one of Estrela’s quietest and most authentic residential areas.

Save time on bureaucracy and licensing procedures. With the architectural project already approved by Lisbon City Council, this property is ready for immediate commencement of construction. Ideal both for investors seeking rapid returns and for anyone wishing to build their dream home in a premium location.

The plot measures 137sqm, with 350sqm of authorised construction area and a 36sqm courtyard.

The basement level includes the social area, with living rooms, kitchen and garden with swimming pool. The ground floor includes the garage. The first floor includes the master suite, and the second floor includes two bedrooms and a bathroom.

This area offers historic charm and great tranquillity, within a short walking distance of public transport (buses, Tram 28 and the future Estrela Metro station), local shops, cafés, traditional restaurants and supermarkets. Close to Estrela Garden, Tapada das Necessidades and the Alcântara Docks.

Excellent road access to central Lisbon and to the city exit via the 25 de Abril Bridge.

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Engel & Völkers Lisboa MMC

Your advisor: Joana Mascarenhas

Property ID: W-04ARF3

Property details
  • Object type

    Site

  • Plot surface

    ~137 m²

Location: Estrela, Lisbon

The current parish of Estrela in Lisbon is a small parish belonging to this beautiful city, characterized by truly remarkable dynamism and cultural and religious diversity. Estrela incorporates the former parishes of Lapa, Prazeres, and Santos-o-Velho, extending from the riverside to the area around the Basilica. It was precisely the Estrela Basilica that gave its name to the parish and its surroundings: a convent built in honor of Our Lady of Estrela in 1572, on the site where the Main Military Hospital now stands.

A recent study identifies this area of the city as the second most exclusive in Lisbon, chosen as a residential location by families with the highest incomes in the upper-middle class. This area has always been chosen by the most distinguished and wealthy families, and several mansions once belonging to these families still exist today. Estrela is one of Lisbon’s most central areas, located in the heart of the city. The area is notably home to the Assembly of the Republic and São Bento Palace, the official residence of the Prime Minister.

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