1 Bedroom apartment with 60 sqm and a balcony of 4 sqm, inserted in a new development to be born in the vicinity of the emblematic residential and commercial area of Cedofeita

Cedofeita, Porto, Portugal

For Sale

€360,000

REF: 618815 €360,000


1

2


60 m2

63 m2

Description

1 Bedroom apartment with 60 sqm and a balcony of 4 sqm, inserted in a new development to be born in the vicinity of the emblematic residential and commercial area of Cedofeita. Charming development with 8 fractions, elevator, leisure area with garden, jacuzzi and barbecue. Stunning and comfortable apartments divided into T0+1, T1 and T2 duplex typologies with areas between 64sqm and 102sqm including balconies, terrace and garden.

Excellent materials and finishes of exclusive selection, from recessed lighting, double glazing, top-of-the-range appliances to the heating and cooling air conditioning system, as well as acoustic insulation to air and percussion sounds. Worthy of permanent housing, due to their settings and central location, they are also an attractive investment for tourist accommodation.

The development is part of the urban rehabilitation area of Baixa (downtown), which enjoys certain tax benefits, namely exemption from IMT and IMI taxes, as well as at the investment/lease level it enjoys a reduced IRS rate. Another magnificent advantage is the fact that it is in a sustainable growth area, therefore it is eligible for AL It also stands out for its privileged location, located a few steps from downtown, in the heart of 'Bairro das Artes' where design, architecture, music and theater are the daily surroundings of those who live there, its art galleries, artists ateliers, vintage stores, cafes, grocery stores, restaurants all around.

Great access to the city's main roads, transport at the door including the future new Galiza metro station just 500 meters away, surrounded by life due to the diversity of emblematic and cultural buildings that Porto offers. A 15-minute walk from Clérigos e Aliados, Ribeira and the Douro River Come and see the last units available! Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal.

Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto we are based in the sophisticated Boavista district, in Lisbon, in Chiado, one of the most emblematic and traditional districts of the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
1 Bedroom apartment with 60 sqm and a balcony of 4 sqm, inserted in a new development to be born in the vicinity of the emblematic residential and commercial area of Cedofeita. Charming development with 8 fractions, elevator, leisure area with garden, jacuzzi and barbecue. Stunning and comfortable apartments divided into T0+1, T1 and T2 duplex typologies with areas between 64sqm and 102sqm including balconies, terrace and garden.

Excellent materials and finishes of exclusive selection, from recessed lighting, double glazing, top-of-the-range appliances to the heating and cooling air conditioning system, as well as acoustic insulation to air and percussion sounds. Worthy of permanent housing, due to their settings and central location, they are also an attractive investment for tourist accommodation.

The development is part of the urban rehabilitation area of Baixa (downtown), which enjoys certain tax benefits, namely exemption from IMT and IMI taxes, as well as at the investment/lease level it enjoys a reduced IRS rate. Another magnificent advantage is the fact that it is in a sustainable growth area, therefore it is eligible for AL It also stands out for its privileged location, located a few steps from downtown, in the heart of 'Bairro das Artes' where design, architecture, music and theater are the daily surroundings of those who live there, its art galleries, artists ateliers, vintage stores, cafes, grocery stores, restaurants all around.

Great access to the city's main roads, transport at the door including the future new Galiza metro station just 500 meters away, surrounded by life due to the diversity of emblematic and cultural buildings that Porto offers. A 15-minute walk from Clérigos e Aliados, Ribeira and the Douro River Come and see the last units available! Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal.

Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto we are based in the sophisticated Boavista district, in Lisbon, in Chiado, one of the most emblematic and traditional districts of the city. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange

Cedofeita, Porto, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €360,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

Cedofeita, Porto, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €360,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £11,210 more.

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