Small studio kitchen with white cabinets, a grey sofa bed, a glass dining table, and a woven pendant light. [AI-generated text]

One-bedroom apartment in Alfama

€215,000
  • 2 Rooms
  • 1 Bedroom
  • 1 Bathroom
  • ~26 m² Total surface
  • ~26 m² Living area

Description

Excellent investment opportunity in Santa Maria Maior

Fully renovated one-bedroom apartment, positioned on the market with a highly attractive and competitive value-for-money ratio, located in the heart of Alfama. This property stands out as an excellent option for those seeking an asset with high appreciation potential and a very attractive yield for Lisbon’s historic centre. The apartment benefits from a unique strategic position, immediately next to a pleasant children’s playground and leisure area, ensuring an open, safe setting and excellent exposure to natural light—features highly valued in homes in this area.

The property has undergone a complete, modern refurbishment and is ready for occupancy or placement on the short-, medium- or long-term rental market, with no further work or investment required. The interior layout has been intelligently optimised to maximise space and provide exceptional comfort, combining contemporary finishes with the picturesque, timeless atmosphere of the Alfama neighbourhood. Its premium location places it just a few metres from the historic Church and Santo Estêvão Viewpoint, with quick pedestrian access to the transport network, including Santa Apolónia railway and metro station. This is a turnkey property, ideal both as a primary residence and for investors seeking secure income in one of Europe’s most charismatic neighbourhoods.

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Engel & Völkers Lisboa MMC

Your advisor: Miguel Candeias

Property ID: W-04C2DR

Property details
  • Object type

    Flat

  • Rooms

    2

  • Bedrooms

    1

  • Bathrooms

    1

  • Floor

    1

  • Number of Floors

    3

  • Total surface

    ~26 m²

  • Living area

    ~26 m²

  • Flooring

    Wooden floor

Energy efficiency information
  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

Location: Santa Maria Maior, Lisbon

Santa Maria Maior is the heart of Lisbon. This parish is home to the capital’s most emblematic neighborhoods.

Alfama, the second-oldest neighborhood in Europe. It is a small village in the middle of the capital, a neighborhood to get lost in among alleyways and squares, letting your senses guide you: seeing laundry hanging from balconies and spectacular views of the Tagus, smelling fish grilling on the corner, hearing the sounds of Fado from inside a traditional restaurant, tasting traditional dishes, and touching magnificent azulejo panels. This is Lisbon’s most picturesque neighborhood and the true soul of the city.

Baixa Pombalina, endowed with a particular charm, downtown Lisbon is highly appealing to those who enjoy walking and seek a peaceful lifestyle, close to everything, with history around every corner. It offers numerous services and is especially known for its old traditional shops.

Chiado, an important commercial center of Lisbon and one of the most cosmopolitan and lively areas of the Portuguese capital. It is culturally rich and considered one of Lisbon’s most prestigious areas.

Martim Moniz is where the city’s greatest number of ethnic groups come together. Known for its square overlooking the castle, it is a kind of Portuguese “Chinatown” and a terminal for the iconic Tram 28.

Finally, Mouraria is a lively and welcoming area, considered one of the safest neighborhoods in the capital. It is a meeting point for people from different cultures and, at the same time, a place that keeps its longstanding popular traditions alive.

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