€249,000

#ref: 1025829

3-Bedroom 80 m² FULL RENOVATION REQUIRED RUA GUALDIM PAIS PENHA DE FRANÇA LISBON
3rd floor, no elevator

A REHABILITATION OPPORTUNITY IN A TRANSFORMING AREA OF LISBON

On Rua Gualdim Pais, in Penha de França, you will find this 3-bedroom apartment with 80 m², located in a traditional building constructed in 1937.

This is a property that requires complete renovation, but it presents a particularly interesting combination of area, layout, exterior elements and location.

The apartment currently has three bedrooms, one bathroom, living room, kitchen, a small balcony and a covered area at the rear, currently enclosed.

One of the bedrooms is interior-facing, a factor that should be considered when developing the future renovation project.

AN APARTMENT TO TRANSFORM

The current condition of the property makes it especially suitable for those seeking a rehabilitation opportunity and wishing to develop a project from scratch.
The current 3-bedroom layout also allows for exploring different space organization solutions, always in accordance with the technical characteristics of the property and the project to be developed.
The small balcony and rear covered area are additional elements that could be enhanced in the renovation project.

The apartment is located in a 1937 building, without an elevator, a characteristic consistent with the construction period and which should naturally be considered by the future owner.

A LOCATION WITH NEW MOMENTUM

Penha de França combines the character of a traditional residential area of Lisbon with growing urban regeneration dynamics.

In the surroundings of Rua da Penha de França, a municipal public space regeneration intervention is underway, partially covering Rua da Penha de França, Avenida General Roçadas and Caminho de Baixo da Penha.

The intervention, covering an area of approximately 4,900 m² and with a municipal investment of around 1 million euros, includes improvements in pedestrian safety and accessibility, public lighting, green spaces, seating areas, street furniture and traffic calming measures.

Also noteworthy is the Rapid Tram 16E project, currently undergoing public consultation, which proposes a new connection between Praça do Comércio and Parque Tejo, serving six parishes, including Penha de França, Beato and Marvila.

The project includes a 100% dedicated lane system and represents a planned investment of approximately 160 million euros.

This set of interventions is part of a broader transformation of eastern Lisbon, with investment in mobility, public space, accessibility and urban renewal.

AN OPPORTUNITY FOR INVESTMENT OR RESIDENCE

At a price of €249,000, the property represents a value of approximately €3,112/m².

The need for renovation should be viewed as an integral part of the opportunity: the future owner will be able to define the layout, materials and comfort solutions according to their final objective.

The existence of renovated 3-bedroom properties currently listed in Penha de França at substantially higher prices reinforces the interest of an acquisition and rehabilitation strategy, although the final value will naturally depend on the project, quality of work, property characteristics and future market conditions.

KEY FEATURES

• 3-bedroom
• 80 m²
• 3 bedrooms
• 1 interior bedroom
• 1 bathroom
• Small balcony
• Enclosed rear covered area
• Building from 1937
• 3rd floor, no elevator
• Requires complete renovation
• Rua Gualdim Pais — Penha de França
• Price: €249,000

A traditional Lisbon foundation with space to create an entirely new project.

An opportunity to transform 80 m² into a contemporary apartment, in an established area of the city and set within a context of progressive urban regeneration.
#ref: 1025829