Lisbon apartment for sale · coming soon
Opportunistic Investment in the Prime Lisbon Market
A rare Portugal real estate investment: a 120 m² four-bedroom apartment in prime central Lisbon, offered off-market.
That is the best way to describe this apartment, set in the heart of Lisbon, looking out over the emblematic Marquês de Pombal just 50 meters away.
+2.11%
Price growth for flats in Santo António, last 12 months
3.2 → 3.4%
Gross rental yield range estimated for this renovated apartment
€8,085/m²
Estimated market value: €970,226 for this T4 of 120 m² after renovations
40+
Some of the best Restaurants and cafés are placed along Avenida da Liberdade
Lisbon Prime Market - Avenida da Liberdade - 1km range
What the numbers say about this area
Independent valuation data for Rua Camilo Castelo Branco, Lisbon — August 2026, for the renovated T4 apartments, based on the only 8 available and comparable listings of four-bedroom flats available within a 1 km radius.
Where the market prices this address
Measured against the only 8 comparable listings in the area, a renovated T4 with 120 m² is estimated at €970,226, or €8,085/m². The offer interval runs from €875,701 (€7,297/m²) at the bid end to €1,075,317 (€8,960/m²) at the asking end — prime-axis pricing, two blocks from Avenida da Liberdade.
The competing supply is thin and slow
Comparable four-bedroom flats within 1 km average €893,750 at 141 m², or €6,438/m², and sit on the market for roughly four months. Active nearby stock runs €830,000 to €980,000, with the closest unit, 190 m away, asking €890,000 — most of it energy class C or D and unrenovated.
Income already underwrites the hold
Estimated rents for renovated apartments in this area run from €2,469 to €2,907 per month, averaging €2,679 — a gross yield of 3.2% to 3.4%, averaging 3.3% at estimated market value, with the asset already renovated. The target apartment offers 3.82% yield before any renovation with the current lease agreement, signed in 2025.
Market context
Lisbon residential price evolution
Average asking price per square metre for residential property in Lisbon municipality, 2022–2026.
Source: Approximated from Idealista and INE market indices for Lisbon municipality.
Target Apartment
Rua Camilo Castelo Branco, 22.
Lisbon residential values have compounded for more than a decade, and the last twelve months added a further 2.11% in Santo António — growth now driven by scarce stock in the historic centre rather than by new supply. Rua Camilo Castelo Branco sits inside that scarcity: no active listings on the street itself.
Two blocks away, the prime axis prices in a different league. Avenida da Liberdade trades as Lisbon's trophy address, with refurbished and new-build apartments from roughly €10,000/m² and upwards, while Rua Castilho and the surrounding Amoreiras corridor sit in the €7,500–€9,500/m² band, supported by international buyers and the office and hotel demand of the Marquês de Pombal ring.
This apartment is acquired at a classic-stock price inside a prime-adjacent postcode — the same walking radius, at roughly half the per-square-metre level. The gap between €5,700/m² here and €10,000/m² on Liberdade or 7,500–€9,500/m² band referenced by side streets such as Rua Castilho, Rua Rodrigo da Fonseca, and of course Rua Camilo Castelo Branco, is the repositioning spread: restoration and modern finishings, no land risk, no planning risk.
Asking price
€685,000
vs. renovated units
-29%
€5,708 vs €8,085/m²
vs. Avenida da Liberdade
-43%
€5,708 vs €10,000/m²
Gross private area
120 m²
Layout
Four-bedroom, 3 bathrooms
Lease status
Leased
Signed March 2026
Current yield on price
3.82%
Gross yield before renovation, based on the current lease agreement.
The building
The view, the street, facade and other areas.
The history of the street
A name written into Portuguese literature.
Rua Camilo Castelo Branco honours the 19th-century novelist Camilo Castelo Branco, a defining voice in Portuguese literature and the first Lusophone author to live solely from writing.
Around the corner, at nº 4, stands the Igreja do Sagrado Coração de Jesus. Built 1962–1967 and inaugurated on 25 June 1970, it was designed by architects Nuno Portas and Nuno Teotónio Pereira in a bold Brutalist language of exposed concrete and glass. Rather than sitting as an isolated object, the church weaves into the city block: a central adro links Rua Camilo Castelo Branco to Rua de Santa Marta, while the interior unfolds across overlapping platforms — nave, crypt, galleries and balconies — centred on the sanctuary and baptistery.
The project won first prize in its competition and was awarded the Prémio Valmor in 1975; it was classified as a national monument in 2010. The church also houses a pipe organ built by Alfred E. Davies & Son of Northampton.
Sources: Wikipédia, a enciclopédia livre — Camilo Castelo Branco; Igreja do Coração de Jesus (Lisboa)
“Lisbon still trades at a 45% discount to Madrid on a per-square-metre basis, with stronger rental yields. That gap is closing — the question is who owns the stock while it does.”
Inês Carvalho · Managing Partner, formerly Sonae Sierra
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The neighbourhood
The finest restaurants within 900 meters of the Apartment
A Michelin-starred Japanese kitchen, a 1947 seafood institution and two of the Avenida's most photographed dining rooms — all within a five-minute walk of the apartment, between Marquês de Pombal and Avenida da Liberdade.
Kabuki Lisboa
Japanese fine dining · 1 Michelin star
Michelin-starred Japanese-Portuguese fusion, awarded its star in 2022.
Galerias Ritz, Rua Castilho 77B · 450 m walk
JNcQUOI Avenida
Portuguese & international
Grand dining room inside the historic Tivoli building, with a dinosaur skeleton overhead.
Avenida da Liberdade 182–184 · 400 m walk
SEEN by Olivier
Rooftop restaurant & sky bar
Chef Olivier da Costa's 360º panoramic rooftop over the Avenida.
Hotel Tivoli, Avenida da Liberdade 185 · 350 m walk
Cervejaria Ribadouro
Seafood & beerhouse
A Lisbon institution for shellfish since 1947, at the corner of Rua do Salitre.
Avenida da Liberdade 155 · 350 m walk
JNcQUOI Asia
Pan-Asian
Cantonese, Japanese, Thai and Indian cooking under a vaulted red-lacquer ceiling.
Avenida da Liberdade 182 · 400 m walk
Eleven
Contemporary fine dining · 1 Michelin star
Michelin-starred since 2004, overlooking Parque Eduardo VII and the city down to the river.
Rua Marquês de Fronteira, Jardim Amália Rodrigues · 900 m walk
Walking distances are approximate, measured from Rua Camilo Castelo Branco. Links open each restaurant's official website.
The neighbourhood
Luxury boutiques within walking distance of the apartment
Avenida da Liberdade is one of Europe's most expensive shopping streets, and the apartment sits at its Marquês de Pombal end — the stretch where the flagship houses cluster. Every address below is a walk, not a drive.
Cartier
Fine jewellery & watches
A 240 m² showroom behind a restored 19th-century façade, official supplier to the Portuguese court since 1905.
Avenida da Liberdade 240 · 200 m walk
Prada
Italian ready-to-wear & leather
650 m² flagship over two floors by architect Roberto Baciocchi, keeping the building's art nouveau stained glass and marble columns.
Avenida da Liberdade 206–210 · 300 m walk
Loewe
Spanish leather goods
The Madrid maison's Lisbon address for its craft-led leather, ready-to-wear and accessories.
Avenida da Liberdade 207 · 300 m walk
Loro Piana
Italian cashmere & tailoring
Part of the new LVMH luxury block on the Avenida, opened alongside Celine.
Avenida da Liberdade 201 · 320 m walk
Louis Vuitton
French luxury house
The maison's Lisbon store, anchoring the Avenida's densest stretch of flagship retail.
Avenida da Liberdade 190A · 350 m walk
Gucci
Italian luxury house
A 300 m² flagship over two floors inside the Tivoli Forum, with a hand-painted entrance floor.
Tivoli Forum, Avenida da Liberdade 180 · 400 m walk
Fashion Clinic
Multi-brand designer concept store
Portugal's leading luxury multi-brand retailer, carrying the international designer collections under one roof.
Avenida da Liberdade 144 · 550 m walk
Boutique dos Relógios Plus
Haute horlogerie
The reference address in Portugal for Swiss high watchmaking and authorised-dealer service.
Avenida da Liberdade 129 · 600 m walk
Dior
French couture & beauty
The house's first boutique in Portugal, at the lower end of the Avenida.
Avenida da Liberdade 85 · 800 m walk
Walking distances are approximate, measured from Rua Camilo Castelo Branco. Links open each brand's official website.