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Land on the Douro River 9km from Porto with PIP approved for luxury condominium with 16 villas
Vila Nova de Gaia, Porto, Portugal
REF: 626586
€4,000,000
Description
Land on the Douro River 9km from Porto with PIP approved for luxury condominium with 16 villas. Quinta das Carvalheiras with an area of 19,695m2, is classified in the Municipal Master Plan as "Quintas in Urban Space". The property is located on the left bank of the Douro River, 9.1 km from Foz do Douro, with a contiguous river front of 125m. The land has a project with PIP for 16 houses, approved with the following development: The existing constructions, three dwellings, a party room and five annexes with the total area of 2,796 m2, will be subject to remodeling. In the two main bodies of the buildings to be considered, were designed, in the northernmost building two T3 dwellings and in the southernmost building three T3 dwellings. In the two western buildings with a threshing floor, a 3 bedroom dwelling with a connecting body was designed. - Area to be remodeled: 1,221.5m² of which 628.6m² are garages and storage rooms. - New constructions: 3,137, 5m² being 631m² of garages and technical areas. - Area of roads: 6,894m² - Free area 12.801m² The property is in the ARU zone, enjoying relevant tax benefits. Access to the Quinta is by car or by boat. Access by car: - Via de Cintura Interna A20 - Exit Vila Nova de Gaia Oliveira do Douro - Bolhão Street - Rua Padre Leite de Pinho - Grupo Recreativo Oliveirense Street - Rua dos Canos (Canos Street) River access: The farm's wharf is located at a distance from the Porto City and Vila Nova de Gaia Riverfront Wharfs. Access to the farm is by car or boat. For more information, please contact us. #ref: 85584
Land on the Douro River 9km from Porto with PIP approved for luxury condominium with 16 villas. Quinta das Carvalheiras with an area of 19,695m2, is classified in the Municipal Master Plan as "Quintas in Urban Space". The property is located on the left bank of the Douro River, 9.1 km from Foz do Douro, with a contiguous river front of 125m. The land has a project with PIP for 16 houses, approved with the following development: The existing constructions, three dwellings, a party room and five annexes with the total area of 2,796 m2, will be subject to remodeling. In the two main bodies of the buildings to be considered, were designed, in the northernmost building two T3 dwellings and in the southernmost building three T3 dwellings. In the two western buildings with a threshing floor, a 3 bedroom dwelling with a connecting body was designed. - Area to be remodeled: 1,221.5m² of which 628.6m² are garages and storage rooms. - New constructions: 3,137, 5m² being 631m² of garages and technical areas. - Area of roads: 6,894m² - Free area 12.801m² The property is in the ARU zone, enjoying relevant tax benefits. Access to the Quinta is by car or by boat. Access by car: - Via de Cintura Interna A20 - Exit Vila Nova de Gaia Oliveira do Douro - Bolhão Street - Rua Padre Leite de Pinho - Grupo Recreativo Oliveirense Street - Rua dos Canos (Canos Street) River access: The farm's wharf is located at a distance from the Porto City and Vila Nova de Gaia Riverfront Wharfs. Access to the farm is by car or boat. For more information, please contact us. #ref: 85584
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Currency Exchange
Vila Nova de Gaia, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,295,600 | £3,472,360 | £176,760 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,295,600 |
| Maximum cost in the last six months | £3,472,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £176,760 |
Vila Nova de Gaia, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,295,600 | £3,472,360 | £176,760 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,295,600 |
| Maximum cost in the last six months | £3,472,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £176,760 |
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 £176,760 more.
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