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Charming 1-Bedroom Apartment in Historic Alfama - Prime Investment Opportunity with High ROI Potential! This delightful 1-bedroom apartment, situated in the heart of Lisbon’s beloved Alfama district, offers a unique investment opportunity
Lisboa, Lisboa, Portugal
REF: 792322
€210,000
Description
Charming 1-Bedroom Apartment in Historic Alfama - Prime Investment Opportunity with High ROI Potential! This delightful 1-bedroom apartment, situated in the heart of Lisbon’s beloved Alfama district, offers a unique investment opportunity. Perfect for medium- to long-term rentals, this property captures the authentic charm of Lisbon while delivering impressive rental income potential. Key Features Located in Alfama’s pedestrian-friendly center, this apartment is surrounded by the district’s rich culture, historic sites, and a vibrant selection of cafes and restaurants. The property allows residents and guests alike to immerse themselves in the area’s signature charm, from its winding streets to traditional Fado music and local cuisine just steps away. In move-in-ready condition, the apartment requires no additional work, enabling immediate use for personal occupancy or rental. Currently, the owners are renting the property on a short-term basis on both Airbnb and Booking.com, providing a solid stream of revenue even on a part-time rental schedule. Despite its partial rental use, the property still achieves close to a 10% gross ROI, making it a compelling option for investors. Given Alfama’s popularity among tourists and long-term tenants alike, expanding rental availability could further increase returns. Adding to its value, the apartment's Alejamento Local (AL) license is now transferable, effective as of November 1, 2024. This feature enhances the apartment’s attractiveness as a turnkey investment in Lisbon’s competitive rental market. Additional Information Due to ongoing bookings, viewings are limited and should be scheduled in advance. For more information or to arrange a visit, please reach out. I am fluent in Portuguese, French, and English and available by phone, email, or digital channels to assist with inquiries and provide tailored support throughout the buying process. As an independent real estate consultant with IAD, I offer a 50/50 commission split with agencies holding an AMI number and am committed to ensuring a seamless experience at every stage. Don’t miss out on this chance to own a piece of Alfama’s rich heritage while benefiting from an attractive rental setup with strong ROI. Contact me today to take the next step toward making this charming property yours. #ref: 112487
Charming 1-Bedroom Apartment in Historic Alfama - Prime Investment Opportunity with High ROI Potential! This delightful 1-bedroom apartment, situated in the heart of Lisbon’s beloved Alfama district, offers a unique investment opportunity. Perfect for medium- to long-term rentals, this property captures the authentic charm of Lisbon while delivering impressive rental income potential. Key Features Located in Alfama’s pedestrian-friendly center, this apartment is surrounded by the district’s rich culture, historic sites, and a vibrant selection of cafes and restaurants. The property allows residents and guests alike to immerse themselves in the area’s signature charm, from its winding streets to traditional Fado music and local cuisine just steps away. In move-in-ready condition, the apartment requires no additional work, enabling immediate use for personal occupancy or rental. Currently, the owners are renting the property on a short-term basis on both Airbnb and Booking.com, providing a solid stream of revenue even on a part-time rental schedule. Despite its partial rental use, the property still achieves close to a 10% gross ROI, making it a compelling option for investors. Given Alfama’s popularity among tourists and long-term tenants alike, expanding rental availability could further increase returns. Adding to its value, the apartment's Alejamento Local (AL) license is now transferable, effective as of November 1, 2024. This feature enhances the apartment’s attractiveness as a turnkey investment in Lisbon’s competitive rental market. Additional Information Due to ongoing bookings, viewings are limited and should be scheduled in advance. For more information or to arrange a visit, please reach out. I am fluent in Portuguese, French, and English and available by phone, email, or digital channels to assist with inquiries and provide tailored support throughout the buying process. As an independent real estate consultant with IAD, I offer a 50/50 commission split with agencies holding an AMI number and am committed to ensuring a seamless experience at every stage. Don’t miss out on this chance to own a piece of Alfama’s rich heritage while benefiting from an attractive rental setup with strong ROI. Contact me today to take the next step toward making this charming property yours. #ref: 112487
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Currency Exchange
Lisboa, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €210,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €210,000 | £173,945 | £180,485 | £6,539 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £173,945 |
| Maximum cost in the last six months | £180,485 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,539 |
Lisboa, Lisboa, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €210,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €210,000 | £173,945 | £180,485 | £6,539 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £173,945 |
| Maximum cost in the last six months | £180,485 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,539 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £6,539 more.
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