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Avenida da Liberdade seen from Marquês de Pombal, Lisbon

Apartment for sale · central Lisbon

A four-bedroom apartment in prime central Lisbon

A 120 m² four-bedroom apartment in the heart of Lisbon, offered off-market, looking out over Marquês de Pombal roughly 50 metres away.

Figures on this page are indicative and dated. Availability, price and conditions must be confirmed with us before any decision.

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+2.11%

Asking-price change for flats in Santo António over the last 12 months (indicative)

3.2–3.4%

Gross rental yield range estimated for a renovated apartment of this size

€8,085/m²

Estimated value per m² for a renovated T4 of 120 m², from 8 comparable listings

8

Comparable four-bedroom listings found within 1 km, August 2026

All figures are indicative estimates. Sources, dates and assumptions are set out in Data, assumptions and risks.

Lisbon prime market · Avenida da Liberdade · 1 km radius

What the comparable listings say about this area

Indicative valuation data for the Rua Camilo Castelo Branco area, reference date August 2026, based on the 8 comparable four-bedroom listings publicly advertised within a 1 km radius. Estimates, not appraisals.

01

How comparable listings price this area

Measured against 8 comparable listings, a renovated T4 of 120 m² is estimated at about €970,000, or €8,085/m². The indicative interval runs from roughly €876,000 (€7,297/m²) to €1,075,000 (€8,960/m²). These are asking-price observations, not transaction prices.

02

Competing supply is thin

Comparable four-bedroom flats within 1 km average about €894,000 at 141 m², or €6,438/m², and have been advertised for roughly four months. Observed nearby stock ran from €830,000 to €980,000, with the closest unit, about 190 m away, asking €890,000 — mostly energy class C or D and unrenovated.

03

Rental income in the area

Estimated rents for renovated apartments in this area run from €2,469 to €2,907 per month, averaging €2,679 — an estimated gross yield of 3.2% to 3.4% at estimated market value. Gross rent is not net income: costs, taxes, vacancy and works are not deducted.

Market context

Lisbon residential price evolution

Average asking price per square metre for residential property in Lisbon municipality, 2022–2026. Asking prices, not transactions.

202220232024202520265,300 €/m²6,833 €/m²8,365 €/m²

Source: approximated from published Idealista and INE price indices for Lisbon municipality. Reference date: August 2026.

The property

Rua Camilo Castelo Branco, 22

Lisbon residential asking prices have risen over the last decade, and the last twelve months added a further 2.11% in Santo António according to published indices — movement associated with limited stock in the historic centre rather than new supply. There were no other active listings on the street itself at the reference date.

Two blocks away, the prime axis is priced differently. Refurbished and new-build apartments on Avenida da Liberdade have been advertised from roughly €10,000/m², while Rua Castilho and the Amoreiras corridor have been observed in the €7,500–€9,500/m² band.

The gap between the asking price per m² here and those bands is the repositioning spread that a buyer would have to earn through restoration and finishing work. It is an observation about advertised prices, not a promise of appreciation or of a resale value.

Street facade of the building on Rua Camilo Castelo Branco in Lisbon at sunset, with a café terrace under the trees

Asking price

€685,000

vs. renovated comparables

−29%

5,708 €/m² vs 8,085 €/m²

vs. Avenida da Liberdade asking prices

−43%

5,708 €/m² vs 10.000 €/m²

Gross private area

120 m²

Layout

Four bedrooms, 2 bathrooms

Lease status

Currently leased

Contract date to be confirmed

Gross yield on asking price

3.82%

Gross yield before renovation, derived from the current lease rent. Gross, before costs, taxes and vacancy.

Two characteristics of this apartment are not changeable: the location, about 50 metres from Marquês de Pombal, Avenida da Liberdade and the metro station, and the size of about 120 m². Condition, finishes and equipment can be changed through renovation.

The building

The view, the street, the facade and common areas

Sunset view over Praça Marquês de Pombal from the apartment's balcony
Tree-lined Lisbon street outside the building at golden hour
Wrought-iron balcony on the building's ochre facade in sunset light
Original street door of the building with its ironwork grille
Marble-lined entrance hall of the building in warm light
Classic stairwell spiralling up towards the skylight
Long private balcony running along the facade in golden-hour light
Enclosed veranda lined with original blue azulejos in afternoon light
Bedroom with wooden floors bathed in late-afternoon sun

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 between 1962 and 1967 and inaugurated on 25 June 1970, it was designed by architects Nuno Portas and Nuno Teotónio Pereira in a Brutalist language of exposed concrete and glass. A central adro links Rua Camilo Castelo Branco to Rua de Santa Marta, while the interior unfolds across overlapping platforms 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: Wikipedia — Camilo Castelo Branco; Igreja do Coração de Jesus (Lisboa)

Portrait of Camilo Castelo Branco, 19th-century Portuguese novelist
Camilo Castelo Branco · portrait from Wikimedia Commons
Igreja do Sagrado Coração de Jesus, a Brutalist church in Lisbon
Igreja do Sagrado Coração de Jesus · Wikimedia Commons

Editorial note by The Investors Club · market commentary, not advice

“Lisbon has traded at a material discount to Madrid on a per-square-metre basis, and that gap has been narrowing. Whether it continues to narrow is an open question, not a certainty.”

Editorial note by The Investors Club · market commentary, not advice

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The neighbourhood

Restaurants within 900 metres of the apartment

A Michelin-starred Japanese kitchen, a 1947 seafood institution and two of the Avenida's best-known dining rooms — all within a short walk, between Marquês de Pombal and Avenida da Liberdade.

Walking distances are approximate, measured from Rua Camilo Castelo Branco. Links open each restaurant's official website.

The neighbourhood

Boutiques within walking distance of the apartment

Avenida da Liberdade is one of Europe's best-known luxury retail streets, and the apartment sits at its Marquês de Pombal end, where the flagship houses cluster.

Walking distances are approximate, measured from Rua Camilo Castelo Branco. Links open each brand's official website.