Pedras Negras
House
Luxury Serviced Apartments · Rua das Pedras Negras · Freehold Ownership
The Location
Rua das Pedras Negras — Where History Meets Modern Living
Pedras Negras House occupies a prime address in Lisbon's historic Baixa district, steps from the Cathedral (Sé), the medieval Alfama quarter, and the vibrant Praça do Comércio riverfront.
This is one of Lisbon's most historically rich and architecturally striking streets — a setting that provides both a unique living experience and exceptional appeal to the international visitors that drive Lisbon's booming short-term rental market.
With strict heritage conservation regulations protecting the area, supply of new residential units is severely limited, underpinning long-term capital value for property owners here.
The Building
Architecture & Design
A beautifully restored historic building in the heart of Lisbon, reimagined as a collection of luxury serviced residences.
The Ownership Model
Own. Live. Earn.
Pedras Negras House combines freehold ownership of a Lisbon city-centre apartment with professional hospitality management — generating income when you are not there.
Full Freehold Ownership
Own the title deed outright — no timeshare, no restrictions. Finance via mortgage, sell on the open market at any time, or pass to heirs.
4% Guaranteed Yield · 3 Years
A guaranteed rental return of 4% per annum for 3 years — contractually committed, providing complete income certainty from day one.
Touristic Licence
Each apartment operates under a valid Portuguese touristic licence, ensuring full regulatory compliance with zero administrative burden for you.
Personal Use Flexibility
Stay whenever you wish. Full concierge and housekeeping services during your stay. Your Lisbon pied-à-terre, always ready.
Turn-Key & Furnished
Delivered fully furnished with a premium furniture package, ensuring a consistent, high-quality guest experience from day one.
Historic Centre Scarcity
Heritage conservation laws prevent new development in this area, creating genuine long-term scarcity and supporting capital appreciation.
5 Units Available · March 2026
Apartment Types & Pricing
A range of unit types from T0 to T3, across ground and upper floors, suiting different budgets and investment strategies.
| Unit | Type | Exposition | Height | Area (m²) | Terrace (m²) | Price | Furniture | Status |
|---|---|---|---|---|---|---|---|---|
| G0 | T1+1 | R. Madalena | Variable | 204.5 | 6.6 | — | — | Reserved |
| G1 | T0 | R. Madalena + Pedras Negras | Variable | 67.8 | — | €565,000 | €22,000 + VAT | Available |
| G2 | T1+1 | R. Pedras Negras | Variable | 188.0 | — | €1,090,000 | €38,000 + VAT | Available |
| 1.1 | T1 | R. Pedras Negras | 3.10 m | 88.4 | 3.9 | — | — | Sold |
| 1.2 | T1 | Courtyard | 3.10 m | 66.8 | 3.9 | — | — | Reserved |
| 1.3 | T1 | R. Madalena + Pedras Negras | 3.10 m | 70.0 | 3.9 | — | — | Sold |
| 1.4 | T1 | R. Madalena | 3.10 m | 78.5 | 2.9 | — | — | Sold |
| 1.5 | T0 | Courtyard | 3.10 m | 58.2 | — | — | — | Sold |
| 2.1 | T1 | R. Pedras Negras | 3.07 m | 88.4 | — | €870,000 | €26,500 + VAT | Available |
| 2.2 | T1 | Courtyard | 3.10 m | 66.8 | 2.4 | — | — | Sold |
| 2.3 | T1 | R. Madalena + Pedras Negras | 3.10 m | 70.0 | — | — | — | Reserved |
| 2.4 | T1 | R. Madalena | 3.10 m | 75.2 | — | — | — | Sold |
| 2.5 | T0 | Courtyard | 3.10 m | 56.8 | 2.4 | — | — | Reserved |
| 3.1 | T1 | R. Pedras Negras | 2.50 m | 87.1 | 10.3 | — | — | Reserved |
| 3.2 | T1 | Courtyard | 2.50 m | 66.8 | 2.4 | — | — | Reserved |
| 3.3 | T1 | R. Madalena + Pedras Negras | 2.50 m | 70.0 | 10.5 | — | — | Sold |
| 3.4 | T1 | R. Madalena | 2.50 m | 75.2 | 7.7 | — | — | Reserved |
| 3.5 | T0 | Courtyard | 2.50 m | 56.8 | 2.4 | — | — | Reserved |
| 4.1 | T2 | Courtyard + R. Pedras Negras | 2.60 m | 125.7 | 2.4 | €1,170,000 | €38,000 + VAT | Available |
| 4.2 | T3 | Courtyard + R. Madalena | 2.60 m | 151.5 | 2.4 | €1,480,000 | €45,000 + VAT | Available |
* Prices as of March 2026. Subject to change. Furniture package mandatory (+VAT at 23%). Contact us for the most current availability.
Floor Plans · Click to Enlarge
Inside Pedras Negras House
Interior Spaces
Every apartment is finished to a premium standard, blending contemporary design with the character of Lisbon's historic architecture.
The Investment Case
A Rare Address in Europe's Most Visited Capital
Pedras Negras House sits at the intersection of Lisbon's historic Baixa and Alfama districts — one of the most visited and photographed areas of any European capital, with year-round international footfall that underpins strong short-term rental performance.
The 4% guaranteed yield for 3 years provides contractual income certainty from day one, while heritage conservation laws make new supply in this area virtually impossible — protecting values over the long term.
From entry-level T0 units at €565,000 to expansive T3 penthouses at €1,480,000, Pedras Negras House offers exceptional access to Lisbon's historic heart at a range of price points.
4% Guaranteed Yield · 3 Years
Contractually committed — not a target. Your return is secured for the first 3 years regardless of occupancy performance.
Multiple Entry Points
From T0 at €565,000 to T3 at €1,480,000 — a rare opportunity to access Lisbon's historic centre at different budget levels.
Heritage Supply Constraint
Conservation regulations prevent new residential development on Rua das Pedras Negras, creating genuine long-term scarcity.
Year-Round Demand
Lisbon attracts over 10 million visitors annually. The Baixa-Alfama location delivers consistent occupancy across all seasons.
Completion Timeline
Delivery Expected End of 2027
Pedras Negras House is currently under development, with completion expected by the end of 2027. Purchasing now secures your unit at today's pricing, with the 4% guaranteed yield commencing from the date of deed signing.
Speak to our team about this investment opportunity.
Enquire Now →Location
Between Baixa & Alfama
Rua das Pedras Negras connects Lisbon's elegant Baixa grid with the ancient lanes of Alfama — placing residents at the very heart of the city's historic core, surrounded by centuries of architecture, culture, and character.
- ◆Lisbon Cathedral (Sé) — 2 minutes walk
- ◆Praça do Comércio — 5 minutes walk · Tagus riverfront
- ◆Rossio Square — 6 minutes walk · city centre hub
- ◆Alfama & São Jorge Castle — 8 minutes walk
- ◆Chiado & Bairro Alto — 12 minutes walk
- ◆Humberto Delgado Airport — 20 minutes by metro
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Tell us which Pedras Negras House unit you are considering and our team will share the latest availability, payment details, and next steps.
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Frequently Asked Questions
Everything You Need to Know
Pedras Negras House is a boutique development of luxury serviced apartments on Rua das Pedras Negras in Lisbon's historic Baixa district. Apartments range from T0 to T3, sold freehold with a touristic licence and professional hospitality management, offering a guaranteed rental yield of 4% per annum for 3 years.
The 4% per annum yield is guaranteed — a contractual commitment for the first 3 years. This means you receive 4% of the purchase price annually regardless of actual occupancy, providing complete income certainty in the early years of ownership.
As of March 2026, five units are available: G1 (T0, 67.8 m², €565,000), G2 (T1+1, 188.0 m², €1,090,000), 2.1 (T1, 88.4 m², €870,000), 4.1 (T2, 125.7 m², €1,170,000), and 4.2 (T3, 151.5 m², €1,480,000). Contact us for the most current status.
Yes. As owner, you may use your apartment at any time, subject to advance booking within the management calendar. Full concierge and housekeeping services are available during your stay. When not in personal use, the apartment generates rental income.
In addition to the purchase price, budget for: Property Transfer Tax (IMT) up to approximately 8%; Stamp Duty of 0.8%; Notary and registration fees (1–2%); legal fees; and the mandatory furniture package (from €22,000 + VAT at 23%, depending on unit type).
Rua das Pedras Negras is one of Lisbon's most historically significant streets, steps from the Cathedral, the riverfront, and Alfama. Heritage conservation laws prevent new residential development here, making existing properties genuinely scarce. Lisbon's over 10 million annual visitors drive consistent short-term rental demand year-round, making this location one of the strongest performers in the city for investment property.
5 Units Available
Own a Piece of Lisbon's Historic Heart
From €565,000 — five apartments available at Pedras Negras House, with a 4% guaranteed yield for 3 years in the heart of Lisbon's historic Baixa district.
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