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Apartment for sale | 70 m2 | 1+1 rooms in the heart of Porto - Cedofeita Perfect for living or investing in the traditional heart of Porto, overlooking the city
Porto, Porto, Portugal
REF: 714523
€412,000
Description
Apartment for sale | 70 m2 | 1+1 rooms in the heart of Porto - Cedofeita Perfect for living or investing in the traditional heart of Porto, overlooking the city. Living in a palace is a privilege and if allied to a good investment option it will be an ideal buying choice. As most units of the building of the 15th century are monetized through the lock-off concept, where the customer buys a unit but has two apartments, it is the best of both worlds for those who want to invest. They can be sold fully decorated. And have the possibility of having associated a return on fixed investment. The Marquesa Palace is the result of a rehabilitation project that combines 15th-century architecture with the details of modern comfort. Composed of 16 residential units where rehabilitation was thought and facing the future. It provides for a completely new structure with an elevator, and all apartments will be equipped with air conditioning, double glazing frames, Bosch appliances and high-quality materials. The units vary between 70.85 and 143.85 m2, with one-bedroom and two-bedroom units, in modules, and therefore the typology can be adapted to the needs of users, according to the desired occupation. The images are examples in 3D. In mid-2022 began its renewal, with the end of 3Q 2024 expected. Location In the heart of Porto, Cedofeita in the palace of the Marquise do SécXV, right next to the emblematic São Bento Station and the elegant Don Luís I. Bridge is located on Rua de Cimo de Vila, next to the famous Cathedral, and the Station of S. Bento. Close to all the services, shops and restaurants you may need. 1Porto airport time Energy Rating: B- #ref:APT1433_E103
Apartment for sale | 70 m2 | 1+1 rooms in the heart of Porto - Cedofeita Perfect for living or investing in the traditional heart of Porto, overlooking the city. Living in a palace is a privilege and if allied to a good investment option it will be an ideal buying choice. As most units of the building of the 15th century are monetized through the lock-off concept, where the customer buys a unit but has two apartments, it is the best of both worlds for those who want to invest. They can be sold fully decorated. And have the possibility of having associated a return on fixed investment. The Marquesa Palace is the result of a rehabilitation project that combines 15th-century architecture with the details of modern comfort. Composed of 16 residential units where rehabilitation was thought and facing the future. It provides for a completely new structure with an elevator, and all apartments will be equipped with air conditioning, double glazing frames, Bosch appliances and high-quality materials. The units vary between 70.85 and 143.85 m2, with one-bedroom and two-bedroom units, in modules, and therefore the typology can be adapted to the needs of users, according to the desired occupation. The images are examples in 3D. In mid-2022 began its renewal, with the end of 3Q 2024 expected. Location In the heart of Porto, Cedofeita in the palace of the Marquise do SécXV, right next to the emblematic São Bento Station and the elegant Don Luís I. Bridge is located on Rua de Cimo de Vila, next to the famous Cathedral, and the Station of S. Bento. Close to all the services, shops and restaurants you may need. 1Porto airport time Energy Rating: B- #ref:APT1433_E103
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Currency Exchange
Porto, 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 €412,000 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 |
|---|---|---|---|
| €412,000 | £341,264 | £354,093 | £12,830 |
| Property Price € | €412,000 |
| Minimum cost in the last six months | £341,264 |
| Maximum cost in the last six months | £354,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,830 |
Porto, 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 €412,000 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 |
|---|---|---|---|
| €412,000 | £341,264 | £354,093 | £12,830 |
| Property Price € | €412,000 |
| Minimum cost in the last six months | £341,264 |
| Maximum cost in the last six months | £354,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,830 |
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 £12,830 more.
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