Campo de Ourique, Lisbon, Portugal
2 Bedroom Existing House
Páscoa buliding - AALB7900
€630,000
- House
- 2 bedrooms
- 39.8 sq m · €15,829/sq m
Set in the heart of Campo de Ourique, this is a rare opportunity to build a brand new single-family house from an approved PIP (Pedido de Informação Prévia). The plans outline four floors and two bedrooms across 150 square metres of gross area, complemented by a 14 square metre exterior space and balconies on the upper levels. With the PIP already approved, construction can proceed directly via a comunicação prévia, offering a genuine chance to create a modern, tailor-made home in one of Lisbon's most sought-after residential neighbourhoods.
This small building has a 39.8 square metre footprint and comes with an approved PIP, allowing construction of a new single-family house to move forward without the need for a licensing process. The 150 square metre design spans four floors: a ground floor kitchen and dining area opening onto the 14 square metre exterior space, a first floor living room with balcony, and ensuite bedrooms on the second and top floors, each with its own balcony. Every floor also includes a bathroom.
- Approved PIP, ready for construction via comunicação prévia
- Full control over materials and finishes
- Rare townhouse with private outdoor space potential
- Strong resale potential
- Opportunity for a new build in a high-demand area
“A rare opportunity to build a tailor-made home in one of Lisbon's most desirable neighbourhoods”
Features
- Energy rating: E
- Floors: 0 / 1
- 14 m² garden
- North / South facing
Investment potential
With the PIP already approved, the hard work of design and pre-approval has been done, and construction can begin via a simple “comunicação prévia”. This is a rare chance to shape a dream home from the ground up, selecting every material and finish according to taste and budget. Depending on the construction investment, buyers can secure a brand new property at an attractive overall price, with strong resale potential. A townhouse with private outdoor space in central Lisbon remains an exceptional and unusual find.
About the location
Campo de Ourique is one of Lisbon's most beloved family-friendly neighbourhoods, prized for its central location and village-like charm within the city. The property sits on a small, quiet street, just steps from Rato metro station, offering easy access across the city while remaining tucked away from the bustle. Estrela Garden and the striking Estrela Basílica are both within close reach, adding green space and architectural beauty to everyday life in this well-connected and highly desirable part of Lisbon.
Local insights
- Family-friendly, walkable neighborhood
- Steps from Rato metro station
- Close to Estrela Garden
- Near the historic Estrela Basílica
- Quiet street, central location
Buying guides
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Serviced apartments: the key to unlocking short-term lets in Lisbon
Lisbon is one of the most popular tourist destinations in Europe, yet tapping into its lucrative short-term rental market has become increasingly difficult for investors. So how can you have a secondary home in Lisbon and still benefit from the short-term rental yields? Enter serviced apartments: an alternative way for savvy investors to have their cake (or pastel de nata) and eat it too.
Capifornia: how Costa da Caparica is rewriting its own story
Lisbon is the best city in Europe for families. But why?
The Lisbon Real Estate Market 2023
Serviced apartments: the key to unlocking short-term lets in Lisbon
Capifornia: how Costa da Caparica is rewriting its own story
How a communist-era beach town became one of Lisbon's most compelling addresses - and the market has not yet caught up with the story.
View guideLisbon is the best city in Europe for families. But why?
More than a destination to spend a fortnight, Portugal is increasingly presenting itself as fantastic destination for international families looking to relocate - discover why.
View guideHow Lisbon's New 16E Tram Line is Reshaping the Marvila Property Market
When a city announces €160 million of new transport infrastructure through an emerging neighbourhood already absorbing €3 billion in regeneration investment, the question for serious buyers is not whether to look; it is whether they are already too late.
View guideThe Lisbon Real Estate Market 2023
Lisbon's real estate market remains a premier destination for long-term investment, underpinned by a surging tech sector, robust tourism, and a resilient economy.
View guideServiced apartments: the key to unlocking short-term lets in Lisbon
Lisbon is one of the most popular tourist destinations in Europe, yet tapping into its lucrative short-term rental market has become increasingly difficult for investors. So how can you have a secondary home in Lisbon and still benefit from the short-term rental yields? Enter serviced apartments: an alternative way for savvy investors to have their cake (or pastel de nata) and eat it too.
View guide