Detached house  in Corroios
Detached house  in CorroiosDetached house  in Corroios
€499,000

Detached house in Corroios

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  • 8 bedrooms
  • 515 m² gross area
  • 690 m² of land
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Description

Multi-Family Property 5 km from the Beach and Close to Lisbon T5 + T2 + T1 + Studio Excellent Investment Opportunity with Potential Yield of ~10% Located on a quiet, residential street, this detached multi-family property sits on a plot of approximately 700 m², featuring generous spaces throughout all units, excellent natural light, and a versatile configuration comprising several independent dwellings, extensive gardens surrounding the property, annexes, a closed garage, and multiple storage areas. Just minutes from the beaches and with quick access to Lisbon, this is the ideal solution for investors seeking to maximize returns or for large families wishing to live near the sea with high comfort levels and additional income sources. 🏛️ Property Distribution: 1. Main Residence (T5) — Generous Spaces -Ground Floor: Spacious living room with fireplace, fully equipped kitchen with direct access to terrace, built-in wardrobes, 1 spacious bedroom, 1 suite, and a complete guest bathroom. -Upper Floor (Attic): 3 very spacious bedrooms (one exceeding 35 m²) and a complete bathroom. 💶 Rental Potential: ~ €2,500 / month 2. T2 on Ground Floor (Fully Renovated) -Very spacious rooms and bedrooms with generous, comfortable areas. -100% independent entrance and accessibility for people with reduced mobility. -Open-plan equipped kitchen, complete bathroom, 1 bedroom, and 1 suite with walk-in closet. 💶 Current Income: €900 / month (tenants available to vacate upon sale) 💶 Market Potential: ~ €1,300 / month 3. Independent T1 Annex -Autonomous dwelling comprising open-plan living room and kitchen with fireplace, complete bathroom, and 1 bedroom. 💶 Current Income: €700 / month (tenants available to vacate upon sale) 💶 Market Potential: ~ €900 / month 4. Studio Annex / Multi-Use Area (~30 m²) -Additional autonomous space comprising kitchenette area, complete bathroom, and habitable space of ~30 m². -Versatility: Potential to be converted into an independent habitable studio, leisure area/games room, or additional storage space (unit requiring more extensive rehabilitation work). 5. Closed Garage and Storage -Garage with space for 2 or more vehicles, plus several storage areas distributed throughout the property. 🌿 Outdoor Space and Land (approximately 700 m²) -Multiple garden areas and open land distributed around the property, located on a quiet street. -Exceptional Potential: Outdoor space with more than sufficient dimensions for building a swimming pool, creating an organic garden, dedicated pet area, or establishing multiple private outdoor leisure zones. 📈 Financial Analysis and Return on Investment -Estimated Potential Income (Post-Rehabilitation/Improvements): ~ €5,000 – €5,200 / month (~ €62,000 / year) -Potential Gross Yield: > 10% per year -Asset Appreciation: High margin for capital gains following final issuance of subdivision/licensing by the Municipal Council. 📍 Privileged Location -Setting: Quiet, family-friendly street with no through traffic. -Proximity to Lisbon: Direct access to the A33; 5 km from South Tejo Metro and Fertagus Train (fast connection to Lisbon city center and Setúbal). -Beaches: Just 5 km from Costa da Caparica and Fonte da Telha. -Services: Bus stop 1 minute walk away. ℹ️ Legal Framework and Purchase Conditions -Property located in an area undergoing final municipal redevelopment, with the process submitted and ongoing at the Municipal Council, awaiting final issuance of subdivision documentation/license and minor final improvements. -Due to the stage of the administrative process, the acquisition will need to be made primarily through cash payment. -Excellent investment opportunity: Allows you to acquire a large-scale asset at a price significantly below the final market value, guaranteeing immediate strong cash flow and significant asset appreciation. 📞 Don't miss this unique high-return investment opportunity! For more information or to schedule a visit, contact us now.

Ref: 793342

Characteristics

  • 515 m² built, 255 m² floor area
  • 7 bathrooms
  • Garden
  • Garage
  • 2 parking lots
  • Terrace
  • Balcony
  • Fireplace
  • Living room
  • Dining room
  • Cable TV
  • Optical fiber
  • Electric and Natural gas heating
  • Built in 1990
  • Disabled access

Others informations

Price details

Property price
€499,000
Price per m²
€969 / m²

Energy performance

Energy performance diagnosis

  • D

Corroios, Corroios

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