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4-bedroom house to renovate, with 216 m² of usable area, located on a 1126 m² plot, offering great potential to create your dream home or a successful investment
Matosinhos, Porto, Portugal
REF: 940665
€390,000
Description
4-bedroom house to renovate, with 216 m² of usable area, located on a 1126 m² plot, offering great potential to create your dream home or a successful investment. This property also includes a spacious warehouse with 290 m², which can be transformed into commercial, industrial, or even residential support space. The 4-bedroom house features a classic and well-distributed layout, with several rooms that can be adapted to suit the future owner's needs. The generous plot, with excellent sun exposure, provides a peaceful and private environment, ideal for those seeking greater proximity to nature, without compromising a practical and accessible location. The house, requiring renovation, offers the opportunity to be remodeled to personal taste, preserving the structure and utilizing its original features. The adjacent warehouse offers significant space that can be used in various ways, such as a studio, storage area, or even converted into more residential units or commercial spaces, depending on needs. The property’s location is strategic, with easy access to services, schools, and main roads. This is a unique project with various possibilities for development and appreciation, both for residential and commercial purposes. Ideal for those seeking a spacious property with great potential and an excellent investment opportunity. Make your business a reality with IAD Portugal/International, where we accompany you throughout the process of buying, selling, or renting, from the initial phase to the deed. All contractual acts, such as signing the CPCV (Promise of Purchase and Sale Agreement), are carried out in the presence of a lawyer, ensuring all legal aspects of the transaction. Whether you live in Portugal or abroad and wish to buy or invest in Portugal, we are ready to offer you a personalized service. If you wish to know more about this property, feel free to contact us, and we will be happy to assist you. #ref: 136655
4-bedroom house to renovate, with 216 m² of usable area, located on a 1126 m² plot, offering great potential to create your dream home or a successful investment. This property also includes a spacious warehouse with 290 m², which can be transformed into commercial, industrial, or even residential support space. The 4-bedroom house features a classic and well-distributed layout, with several rooms that can be adapted to suit the future owner's needs. The generous plot, with excellent sun exposure, provides a peaceful and private environment, ideal for those seeking greater proximity to nature, without compromising a practical and accessible location. The house, requiring renovation, offers the opportunity to be remodeled to personal taste, preserving the structure and utilizing its original features. The adjacent warehouse offers significant space that can be used in various ways, such as a studio, storage area, or even converted into more residential units or commercial spaces, depending on needs. The property’s location is strategic, with easy access to services, schools, and main roads. This is a unique project with various possibilities for development and appreciation, both for residential and commercial purposes. Ideal for those seeking a spacious property with great potential and an excellent investment opportunity. Make your business a reality with IAD Portugal/International, where we accompany you throughout the process of buying, selling, or renting, from the initial phase to the deed. All contractual acts, such as signing the CPCV (Promise of Purchase and Sale Agreement), are carried out in the presence of a lawyer, ensuring all legal aspects of the transaction. Whether you live in Portugal or abroad and wish to buy or invest in Portugal, we are ready to offer you a personalized service. If you wish to know more about this property, feel free to contact us, and we will be happy to assist you. #ref: 136655
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Currency Exchange
Matosinhos, 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 €390,000 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 |
|---|---|---|---|
| €390,000 | £321,321 | £330,307 | £8,986 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £321,321 |
| Maximum cost in the last six months | £330,307 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,986 |
Matosinhos, 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 €390,000 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 |
|---|---|---|---|
| €390,000 | £321,321 | £330,307 | £8,986 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £321,321 |
| Maximum cost in the last six months | £330,307 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,986 |
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 £8,986 more.
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