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Loft | T1 + T0 in Lock-Off | 130 m2 + 15m2 balcony | Porto A 2 bedroom apartment with a mezzanine, with a possibility to turn into two distinct apartments (Lock-off)
Vila Nova de Gaia, Porto, Portugal
REF: 850087
€608,000
Description
Loft | T1 + T0 in Lock-Off | 130 m2 + 15m2 balcony | Porto A 2 bedroom apartment with a mezzanine, with a possibility to turn into two distinct apartments (Lock-off). All apartments include air conditioning, double-glazed windows, fully equipped kitchens and can come fully furnished. Most units will have fantastic views of the Douro River and the city of Porto. The charm and elegance of living in a palace of the 18th century, with all the comfort of modern times, stunning views over the Douro and near the center of Porto, combined with the option of a good investment with income, are some of the characteristics of these apartments. On the banks of the Douro River with its south-facing façade, facing the city of Porto, they have great sun exposure and splendid views of the river. The Palace Fervença has been fully rehabilitated keeping many of its unique architectural features. Composed of 2 autonomous buildings, the renovated Palace, with mezzanines of high ceilings of those times, and a new modern structure, separated by a magnificent private internal garden. 17 luxury apartments, ranging between 41 m2 and 156 m2, Studios, 1 or 2 bedrooms. In the investment option, you can have various management services guaranteed by the promoter: Possibility of fixed income; Option to include the values of maintenance, condominium, water, electricity, internet, cable, and insurance, among others. They can be sold completely decorated and furnished. End of Construction: December 2022 Location Vila Nova de Gaia, Porto. Quiet area, next to the traditional Port Wine Cellars. In minutes, the Ponte D. Luis is in the center of Porto with all the services you need. Including the Old Town, the See, among others. The historic city of Porto is one of the oldest cities in Europe. This exciting and vibrant city has emerged in Europe as one of the main tourist destinations due to its rich history, deep culture, and very unique nightlife. In 1996, the city center was elevated to unesco world Heritage status. This region is also famous all over the world because of its wines, which are produced and stored along the banks of the Douro River. Energy Rating: B #ref:APT1243_B
Loft | T1 + T0 in Lock-Off | 130 m2 + 15m2 balcony | Porto A 2 bedroom apartment with a mezzanine, with a possibility to turn into two distinct apartments (Lock-off). All apartments include air conditioning, double-glazed windows, fully equipped kitchens and can come fully furnished. Most units will have fantastic views of the Douro River and the city of Porto. The charm and elegance of living in a palace of the 18th century, with all the comfort of modern times, stunning views over the Douro and near the center of Porto, combined with the option of a good investment with income, are some of the characteristics of these apartments. On the banks of the Douro River with its south-facing façade, facing the city of Porto, they have great sun exposure and splendid views of the river. The Palace Fervença has been fully rehabilitated keeping many of its unique architectural features. Composed of 2 autonomous buildings, the renovated Palace, with mezzanines of high ceilings of those times, and a new modern structure, separated by a magnificent private internal garden. 17 luxury apartments, ranging between 41 m2 and 156 m2, Studios, 1 or 2 bedrooms. In the investment option, you can have various management services guaranteed by the promoter: Possibility of fixed income; Option to include the values of maintenance, condominium, water, electricity, internet, cable, and insurance, among others. They can be sold completely decorated and furnished. End of Construction: December 2022 Location Vila Nova de Gaia, Porto. Quiet area, next to the traditional Port Wine Cellars. In minutes, the Ponte D. Luis is in the center of Porto with all the services you need. Including the Old Town, the See, among others. The historic city of Porto is one of the oldest cities in Europe. This exciting and vibrant city has emerged in Europe as one of the main tourist destinations due to its rich history, deep culture, and very unique nightlife. In 1996, the city center was elevated to unesco world Heritage status. This region is also famous all over the world because of its wines, which are produced and stored along the banks of the Douro River. Energy Rating: B #ref:APT1243_B
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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 €608,000 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 |
|---|---|---|---|
| €608,000 | £503,612 | £522,546 | £18,933 |
| Property Price € | €608,000 |
| Minimum cost in the last six months | £503,612 |
| Maximum cost in the last six months | £522,546 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,933 |
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 €608,000 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 |
|---|---|---|---|
| €608,000 | £503,612 | £522,546 | £18,933 |
| Property Price € | €608,000 |
| Minimum cost in the last six months | £503,612 |
| Maximum cost in the last six months | £522,546 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,933 |
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 £18,933 more.
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