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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]

Three-bedroom single-family home with pool and approved plans in Estrela

€1,000,000
  • ~137 m² Plot surface

Description

Excellent investment opportunity in the heart of Lisbon!

Urban property with an approved project in one of Estrela’s calmest 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 construction to begin immediately. Ideal both for investors seeking quick returns and for anyone wishing to build their dream home in a premium location.

The plot measures 137 m², with 350 m² of authorised construction area and a 36 m² courtyard.

The lower-ground floor (-1) includes the social area, with living rooms, kitchen and garden with swimming pool. The ground floor includes the garage. The first floor comprises the master suite, and the second floor has two bedrooms and a bathroom.

This area combines historic charm with exceptional tranquillity, while being within 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 connections to central Lisbon and 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 Estrela parish in Lisbon is a small parish belonging to this beautiful city, with 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 entire surrounding area—a convent built in honor of Our Lady of the Star 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 place of residence by higher-income upper-middle-class families. This area has always been chosen by the most distinguished and affluent families, and several grand mansions once belonging to them still exist today. The Estrela area is one of the most central in Lisbon, located in the heart of the city. It is notably home to the Assembly of the Republic and São Bento Palace, the official residence of the Prime Minister.

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