One Bedroom Apartment In The Iconic Bairro Azul, To Refurbish.
€ 360,000£ 309,850$ 380,015
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Lisbon, Lisbon & Lisbon Coast
Ownership Status: Company
Built in: n/a
89m2 Build size
€ 4,045£ 3,481$ 4,269
/ m2 build
One-bedroom apartment in the iconic "Bairro Azul" - Blue neighbourhood, in front of El Corte Ingles.
It can be sold in its original state for 360.000€ or refurbished for 495.000€.
Spacious apartment with high ceilings. Being a basement, it is full of natural light due to its vast windows. It enjoys good exterior space, both private and communal. The project includes total and deep refurbishment and a second bedroom en-suite.
Excellent opportunity for investment. Bairro Azul has a high demand for rentals. Two minutes walk to the Metro station, 5 minutes walk to El Corte Ingles, the Gulbenkian gardens, Parque Eduardo VII and much more.
Not only is Lisbon Portugal’s largest and most wealthy city, but it also has the unique distinction of being Europe’s furthest western capital city. With a population of over 2.8 million in Lisbon and the surrounding area, it certainly qualifies as a large city on any scale.
Unlike some of the other cities in Portugal, it is not tourism that drives Lisbon’s economy. Lisbon is a global forerunner in the technology sector as well as a strong leader in mass multimedia, and is also Portugal’s financial district. With all of these healthy industries it is no wonder that Lisbon produces more than 45% of the Gross Domestic Product for all of Portugal. In addition, the per capita GDP is higher in Lisbon than compared to the average per capita GDP for the rest of Europe. These economic factors make Lisbon a very attractive place to live and purchase property.
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