Apartment T2 + T4 - ODIVELAS (LISBON) Intended for investors or a family, this is a unique opportunity to acquire an exclusive property in the prestigious area of Arroja, in Odivelas

Odivelas, Lisboa, Portugal

For Sale

€375,000

REF: 763995 €375,000


6

3

182 m2

Description

Apartment T2 + T4 - ODIVELAS (LISBON) Intended for investors or a family, this is a unique opportunity to acquire an exclusive property in the prestigious area of Arroja, in Odivelas. Comprising two meticulously renovated real estate units: a 70 m² 2-bedroom apartment and a 112 m² 4-bedroom apartment.

These apartments offer a modern and move-in-ready environment. For savvy investors looking to maximize returns, the option to rent the 8 rooms individually is presented (12% / year). Alternatively, streamlined property management can be achieved by renting the apartments as a cohesive unit (7.5% / year).

The T4 apartment, built in the private storage space in a high basement, with windows to the street in all rooms, except the bathrooms, was renovated 4 years ago, with tilt-and-turn windows with double glazing, all plumbing and Electricity is new, the ceilings were covered in drywall and built-in lights were installed, the bathrooms were also renovated, with a ventilation and electric heating system.

The interior walls were painted with anti-mold and anti-humidity paint. All furniture and decoration of medium-high quality, as well as towels, bed linen and all kitchen equipment and utensils are included in the price and are sold with the property. All interior wood, particularly doors and staves, were properly treated.

The washing machines and dryer are in a spacious storage room with access from the kitchen. With water and sewerage, a third bathroom can be built in this space. The apartments have an independent electrical panel and both apartments benefit from fiber optic Internet. The T2 apartment is sold with kitchen equipment but without furniture.

With the T4 apartment located under the T2, it is feasible to open an internal access staircase between them, becoming a T6 duplex, thus having plenty of arguments to constitute an excellent investment. The exterior painting of the building is scheduled to be completed soon, with the condominium already having the budget and working capital with sufficient provision for the aforementioned works.

There are plenty of parking spaces in front and at the back of the building, located in a residential area with trees, a children's playground, on a slope that allows excellent sun exposure and the healthiness of the buildings. Comprising of: T2 - Usable area of 70 m² - 1 Equipped kitchen - 1 Living-dining room - 2 Bedrooms - 1 Bathroom - 1 WC Comprising of: T4 - Useful area 112 m² - 1 equipped kitchen - 1 Living-dining room - 3 Bedrooms - 1 Suite with private bathroom + 1 single bedroom - 2 bathrooms - 1 machine room - 2 WC Apartment specifications: - Energy certificate E - Equipped kitchen (refrigerator, washing machine, oven, microwave, refrigerator...) - 1st basement floor with windows - Excellent sun exposure - High-quality furnished T4 Location: - Center of the residential and commercial district of Odivelas (schools, restaurants, cafes, pharmacies, banks, hospitals, police...) - 5 minutes from the sports complex (swimming pool, multisport court, playground) - Supermarkets and shopping center - 15 minutes from Lisbon Airport - 20 minutes from the center of Lisbon - 20 minutes from the Caixas beach ---------------------------------- I share 50/50 with all real estate agencies with AMI license ---------------------------------- Contact me in Portuguese, French, English, or Spanish. #ref: 109704
Apartment T2 + T4 - ODIVELAS (LISBON) Intended for investors or a family, this is a unique opportunity to acquire an exclusive property in the prestigious area of Arroja, in Odivelas. Comprising two meticulously renovated real estate units: a 70 m² 2-bedroom apartment and a 112 m² 4-bedroom apartment.

These apartments offer a modern and move-in-ready environment. For savvy investors looking to maximize returns, the option to rent the 8 rooms individually is presented (12% / year). Alternatively, streamlined property management can be achieved by renting the apartments as a cohesive unit (7.5% / year).

The T4 apartment, built in the private storage space in a high basement, with windows to the street in all rooms, except the bathrooms, was renovated 4 years ago, with tilt-and-turn windows with double glazing, all plumbing and Electricity is new, the ceilings were covered in drywall and built-in lights were installed, the bathrooms were also renovated, with a ventilation and electric heating system.

The interior walls were painted with anti-mold and anti-humidity paint. All furniture and decoration of medium-high quality, as well as towels, bed linen and all kitchen equipment and utensils are included in the price and are sold with the property. All interior wood, particularly doors and staves, were properly treated.

The washing machines and dryer are in a spacious storage room with access from the kitchen. With water and sewerage, a third bathroom can be built in this space. The apartments have an independent electrical panel and both apartments benefit from fiber optic Internet. The T2 apartment is sold with kitchen equipment but without furniture.

With the T4 apartment located under the T2, it is feasible to open an internal access staircase between them, becoming a T6 duplex, thus having plenty of arguments to constitute an excellent investment. The exterior painting of the building is scheduled to be completed soon, with the condominium already having the budget and working capital with sufficient provision for the aforementioned works.

There are plenty of parking spaces in front and at the back of the building, located in a residential area with trees, a children's playground, on a slope that allows excellent sun exposure and the healthiness of the buildings. Comprising of: T2 - Usable area of 70 m² - 1 Equipped kitchen - 1 Living-dining room - 2 Bedrooms - 1 Bathroom - 1 WC Comprising of: T4 - Useful area 112 m² - 1 equipped kitchen - 1 Living-dining room - 3 Bedrooms - 1 Suite with private bathroom + 1 single bedroom - 2 bathrooms - 1 machine room - 2 WC Apartment specifications: - Energy certificate E - Equipped kitchen (refrigerator, washing machine, oven, microwave, refrigerator...) - 1st basement floor with windows - Excellent sun exposure - High-quality furnished T4 Location: - Center of the residential and commercial district of Odivelas (schools, restaurants, cafes, pharmacies, banks, hospitals, police...) - 5 minutes from the sports complex (swimming pool, multisport court, playground) - Supermarkets and shopping center - 15 minutes from Lisbon Airport - 20 minutes from the center of Lisbon - 20 minutes from the Caixas beach ---------------------------------- I share 50/50 with all real estate agencies with AMI license ---------------------------------- Contact me in Portuguese, French, English, or Spanish. #ref: 109704
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Property on Map

#109704

Currency Exchange

Odivelas, Lisboa, 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 €375,000 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
€375,000 £310,616 £322,294 £11,678
Property Price € €375,000
Minimum cost in the last six months £310,616
Maximum cost in the last six months £322,294
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,678

Odivelas, Lisboa, 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 €375,000 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
€375,000 £310,616 £322,294 £11,678
Property Price € €375,000
Minimum cost in the last six months £310,616
Maximum cost in the last six months £322,294
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,678

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 £11,678 more.

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