Lisbon House 2 Balconies, Private Patio, Attic, 10 Divisions With Huge Potential To Convert Or Upgrade

Description

Amazing split-level attached villa with 10 divisions and attic, with a build size of 133.08 m2 + private patio

The villa has immense potential, with lots of opportunities to add enormous value, such as:

* Upgrading the property (limited works) and keeping the property as a single-family home

* Dividing the property into two autonomous units, which requires licensing from the City Council

* Harness the attic potential (possibly introducing mansards, a mezzanine or opt for the creation of double ceiling heights on the 1st level for example)

* Reinstating the outdoor space by removing the current enclosure covering the patio area

Excellent exposure (south-facing) with ample outdoor space (currently covered)

Set in the historic social neighbourhood of Ajuda-Boa Hora, a project of the New Republic and completed by the Estado Novo

The expansion project of 1958 introduced the following improvements:

* Additional level (1st floor) and attic

* Front-facing balcony with small river view

The two independent entrances, solid structure (concrete), incredible ceiling height and contagious natural light throughout, were all preserved

Located on a very quiet street with a national monument, integrated into the special protection area of the National Palace of Belem

Served by all types of local commerce, transport, services, universities, and close to the riverside

Next to several national monuments such as the Belem Palace and the Ajuda Palace

The house consists of 2 levels and an attic with the following layout:

Ground level:

* Main entrance hall (independent access), currently used as a library

* Bedroom with immense natural light

* Office, converted into a storage room

* Living room with open-plan kitchen

* Full bathroom

* Patio / terrace approximately 21.22 m2 (which is currently covered)

* Secondary entrance hall, with its own independent access to the 1st level

First level:

* Large kitchen with access to the attic and balcony

* Separate living room

* Bedroom with immense natural light

* 2 generous balconies (one of which offers a small river view)

* Full bathroom

Attic:

* Single open-plan division (in rough) with a Velux window (skylight) with the same small river view

The back balcony is currently converted into a marquee (enclosed), as is the patio downstairs (currently covered too)

The current layout of the house allows it to be used as two independent apartments (with their own independent entrances) or as a single-family villa

The villa has immense potential, with lots of opportunities to add enormous value, such as:

* Upgrading the property (limited works) and keeping the property as a single-family home

* Dividing the property into two autonomous units, which requires licensing from the City Council

* Harness the attic potential (possibly introducing mansards, a mezzanine or simply opt for the creation of a double ceiling heights on the 1st level for example)

* Reinstating the outdoor space, by removing the current enclosure covering the patio area

Depending on the needs or objectives of the future buyers, the villa can have an array of uses, layouts, and purposes, all with enormous potential for return on investment.

The superb location, close to gardens (including the Jardim Botanico d'Ajuda), several universities, important national monuments and other tourist-related infrastructures, make this villa an excellent investment opportunity, regardless of the usage one intends for the property (i.e. for personal use or to generate income).

Furthermore, the value of any upgrading or improvement works may be higher or lower (it can be very little) depending on the property's desired purpose.

A monthly retainer is charged for a parking space in the neighbouring building (it is not mandatory to maintain this retainer).

* Beds: 3, 4
* Baths: 3, 4
* District: Ajuda, Ajuda-Boa Hora
* Type: Apartment, Building, House, Town House, Villa
* Property ID #: PLA12