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We present an exclusive residence and an excellent investment opportunity with fixed profitability
Vila Nova de Gaia, Porto, Portugal
REF: 869799
€608,000
Description
We present an exclusive residence and an excellent investment opportunity with fixed profitability. This unit is located in a unique development of timeless elegance, resulting from the renovation of an 18th-century building, where many of its original architectural features have been preserved. Located on the ground floor, this property consists of two smaller lofts (T0 and T1), which can be joined to form a single larger apartment or remain as two independent apartments. This flexibility allows both to be rented separately, increasing the rate of return on investment. One of the apartments also has a private balcony, adding an outdoor space that further enhances the property. With a total private area of 130 m², the property has 3 full bathrooms and a 15 m² balcony. The property is oriented to the north, east, and west and has an energy rating of B. The finishings are of the highest quality, and the property will be delivered with air conditioning, an electric water heater, double-glazed windows, and a fully equipped kitchen. The kitchen includes a compact micro-marble countertop, a ceramic hob, an oven, a dishwasher, a washer and dryer, a fridge, an extractor fan, and a BOSH microwave. The location is another strong point of this property. Just a 5-minute walk from the Jardim do Morro Metro and the Jardim itself, and a 20-minute walk from Serra do Pilar, the property offers easy access to some of the region's main points of interest. In just 4 minutes on foot, you can reach the iconic Dom Luís I Bridge, which offers direct pedestrian access to downtown Porto. In addition, WOW de Gaia, one of the city's main cultural and tourist hubs, is just a 10-minute walk away. The building is close to the Port wine cellars in Vila Nova de Gaia and the historic city center of Porto. There are 17 high-standard units in total: 15 studio and one-bedroom apartments in the main palace and 2 two-bedroom villas with private gardens at the back of the property. Most of the units offer stunning views over the Douro River and the city of Porto, providing an unparalleled panorama all year round. All units can be delivered fully furnished, decorated, and with local accommodation management services, if desired. I am here to support you through every stage of your purchase process! I speak Portuguese, English, and Italian. Request more information! #ref: 124915
We present an exclusive residence and an excellent investment opportunity with fixed profitability. This unit is located in a unique development of timeless elegance, resulting from the renovation of an 18th-century building, where many of its original architectural features have been preserved. Located on the ground floor, this property consists of two smaller lofts (T0 and T1), which can be joined to form a single larger apartment or remain as two independent apartments. This flexibility allows both to be rented separately, increasing the rate of return on investment. One of the apartments also has a private balcony, adding an outdoor space that further enhances the property. With a total private area of 130 m², the property has 3 full bathrooms and a 15 m² balcony. The property is oriented to the north, east, and west and has an energy rating of B. The finishings are of the highest quality, and the property will be delivered with air conditioning, an electric water heater, double-glazed windows, and a fully equipped kitchen. The kitchen includes a compact micro-marble countertop, a ceramic hob, an oven, a dishwasher, a washer and dryer, a fridge, an extractor fan, and a BOSH microwave. The location is another strong point of this property. Just a 5-minute walk from the Jardim do Morro Metro and the Jardim itself, and a 20-minute walk from Serra do Pilar, the property offers easy access to some of the region's main points of interest. In just 4 minutes on foot, you can reach the iconic Dom Luís I Bridge, which offers direct pedestrian access to downtown Porto. In addition, WOW de Gaia, one of the city's main cultural and tourist hubs, is just a 10-minute walk away. The building is close to the Port wine cellars in Vila Nova de Gaia and the historic city center of Porto. There are 17 high-standard units in total: 15 studio and one-bedroom apartments in the main palace and 2 two-bedroom villas with private gardens at the back of the property. Most of the units offer stunning views over the Douro River and the city of Porto, providing an unparalleled panorama all year round. All units can be delivered fully furnished, decorated, and with local accommodation management services, if desired. I am here to support you through every stage of your purchase process! I speak Portuguese, English, and Italian. Request more information! #ref: 124915
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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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