2 Bedroom flat with 83sqm and balcony with 12sqm, inserted in the most recent residential project to emerge in the central area of the city, next to Covelo Park and very close to downtown

Paranhos, Porto, Portugal

For Sale

€340,000

REF: 829386 €340,000


2

2

83 m2

95 m2

Description

2 Bedroom flat with 83sqm and balcony with 12sqm, inserted in the most recent residential project to emerge in the central area of the city, next to Covelo Park and very close to downtown. With an extraordinary location, between Rua de Álvaro Castelões and Travessa do Monte de São João, this project includes the construction of 3 buildings with typologies T0/T1/T2 Building A Entrance through Travessa do Monte de São João - Direct views of Covelo Park 5 floors 20 apartments T2 Building B1 Entrance through Travessa do Monte de São João - Direct views of Covelo Park 5 floors 1 flat T0 7 apartments T1 9 apartments T2 Building B2 Entrance through Rua de Álvaro Castelões 4 floors 2 apartments T0 14 apartments T1 The garage, with entrance through Travessa do Monte de São João, has 49 parking spaces allocated to the fractions, equipped with plugs for charging electric vehicles.

LOCATION The residential condominium is located on a plot of about 2,000sqm located between Rua de Álvaro Castelões and Travessa do Monte de São João, in front of Parque do Covelo in the surroundings of Rua de Faria de Guimarães and its access to Via de Cintura Interna (accesses A1, N13, A3, A4 and A28) of Porto.

It is a consolidated residential area, a stone's throw from Avenida dos Combatentes, Marquês and Constituição and the University Campus, very well served by public transport (buses and metro - Marquês, Combatentes and Salgueiros), indicating a high and safe potential for appreciation. COVELO PARK The residential condominium has a unique location, facing Covelo Park.

The Covelo Park with about 8 hectares is the result of the old Quinta de Paranhos, bought in the twentieth century by a merchant, José do Covelo, who gave it its current name. The farm was donated to the CMP, which manages the space available to the public. In 1987/88 the farm was restored from a project by the architect Castro Calapes.

The Children's Playground is a project by the architect Célia Peralta. It also houses an environmental education centre and a dog park in a delimited area with urban furniture and some facilities, which make the passage of animals and their owners through this place very pleasant. Castelhana is a Portuguese real estate agency present in the domestic market for over 25 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 Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
2 Bedroom flat with 83sqm and balcony with 12sqm, inserted in the most recent residential project to emerge in the central area of the city, next to Covelo Park and very close to downtown. With an extraordinary location, between Rua de Álvaro Castelões and Travessa do Monte de São João, this project includes the construction of 3 buildings with typologies T0/T1/T2 Building A Entrance through Travessa do Monte de São João - Direct views of Covelo Park 5 floors 20 apartments T2 Building B1 Entrance through Travessa do Monte de São João - Direct views of Covelo Park 5 floors 1 flat T0 7 apartments T1 9 apartments T2 Building B2 Entrance through Rua de Álvaro Castelões 4 floors 2 apartments T0 14 apartments T1 The garage, with entrance through Travessa do Monte de São João, has 49 parking spaces allocated to the fractions, equipped with plugs for charging electric vehicles.

LOCATION The residential condominium is located on a plot of about 2,000sqm located between Rua de Álvaro Castelões and Travessa do Monte de São João, in front of Parque do Covelo in the surroundings of Rua de Faria de Guimarães and its access to Via de Cintura Interna (accesses A1, N13, A3, A4 and A28) of Porto.

It is a consolidated residential area, a stone's throw from Avenida dos Combatentes, Marquês and Constituição and the University Campus, very well served by public transport (buses and metro - Marquês, Combatentes and Salgueiros), indicating a high and safe potential for appreciation. COVELO PARK The residential condominium has a unique location, facing Covelo Park.

The Covelo Park with about 8 hectares is the result of the old Quinta de Paranhos, bought in the twentieth century by a merchant, José do Covelo, who gave it its current name. The farm was donated to the CMP, which manages the space available to the public. In 1987/88 the farm was restored from a project by the architect Castro Calapes.

The Children's Playground is a project by the architect Célia Peralta. It also houses an environmental education centre and a dog park in a delimited area with urban furniture and some facilities, which make the passage of animals and their owners through this place very pleasant. Castelhana is a Portuguese real estate agency present in the domestic market for over 25 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 Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. 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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Property on Map

#CT-26804

Currency Exchange

Paranhos, 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 €340,000 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
€340,000 £281,625 £292,213 £10,588
Property Price € €340,000
Minimum cost in the last six months £281,625
Maximum cost in the last six months £292,213
Fluctuating exchange rates over the last six months could have increased the cost of this property by £10,588

Paranhos, 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 €340,000 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
€340,000 £281,625 £292,213 £10,588
Property Price € €340,000
Minimum cost in the last six months £281,625
Maximum cost in the last six months £292,213
Fluctuating exchange rates over the last six months could have increased the cost of this property by £10,588

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 £10,588 more.

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