Santos, Lisbon, Portugal
3 Bedroom Existing Apartment
Santos Apartment - AAOther4208
€975,000
- Apartment
- 3 bedrooms
- 3 bathrooms
- 165 sq m · €5,909/sq m
Set in the vibrant heart of Santos, this beautifully renovated three-bedroom apartment offers 165 sqm of elegant living space on a single floor. Thoughtfully restored to honour its original character while meeting modern standards, the property seamlessly blends period charm with contemporary comfort. Currently tenanted until April 2028 at a 4% yield, it presents an immediate and attractive opportunity for investors and future homeowners alike.
Fully renovated in 2025, this apartment retains the soul of classical Lisbon living through soaring high ceilings and carefully preserved original features. The bathrooms are finished with handcrafted Viúva Lamego tiles, a hallmark of Portuguese heritage craftsmanship. The layout comprises three bedrooms, one is ensuite, a fully equipped kitchen, and two independent entrances, offering privacy and flexibility. Every material and finish has been deliberately chosen to ensure timeless quality throughout.
- Immediate 4% yield with tenant in place
- Prime Santos location drives strong rental demand
- Renovated asset requiring zero capital expenditure
- Forthcoming metro station set to boost values
- Lisbon remains Europe's most sought-after investment market
"A great opportunity to own an apartment that combines a generous living area, charm, high ceilings and central location."
Features
- Floor: 2
- North / South facing
Investment potential
With an active rental contract running until April 2028, this property delivers an immediate 4% gross yield in one of Lisbon's most sought-after neighbourhoods. Santos continues to attract strong rental demand from professionals and international residents, underpinned by the city's sustained appeal as a European destination. Beyond its investment credentials, the apartment equally suits a buyer seeking a characterful primary residence or a future family home in an exceptional central location.
About the location
Santos sits at the cultural crossroads of Lisbon, flanked by the refined streets of Lapa, the energy of Baixa, and the bohemian flair of Príncipe Real. The neighbourhood offers an exceptional walkable lifestyle, with acclaimed restaurants, independent boutiques, and riverside promenades on the doorstep. A nearby train station connects residents directly to Cascais and the Atlantic coast, while a forthcoming metro station will further cement Santos' position as one of Lisbon's most connected addresses.
Local insights
- Walking distance to Príncipe Real and Chiado
- Train to Cascais beaches in under an hour
- Surrounded by Lisbon's best restaurants and wine bars
- Lapa's embassies and gardens just minutes away
- One of Lisbon's most characterful, liveable neighbourhoods
Buying guides
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Lisbon 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.
How Lisbon's New 16E Tram Line is Reshaping the Marvila Property Market
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The 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.
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