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T2+1 apartment converted into a T3, with 92m², located in the city center, next to the Carolina Michaels metro station
Porto, Porto, Portugal
REF: 941037
€270,000
Description
T2+1 apartment converted into a T3, with 92m², located in the city center, next to the Carolina Michaels metro station. This property is an excellent investment opportunity, offering great potential for those looking for a residence in one of the most sought-after areas of the city. Comprising 3 bedrooms, two of which are spacious, and an additional room that has been converted to increase its profitability, this apartment provides a functional and comfortable layout. The kitchen is independent and fully equipped, offering ample space for those who enjoy cooking at home. Additionally, the property features 2 full bathrooms, with functional finishes. The apartment is located on the 2nd floor of a building without an elevator, which is an important factor to consider, but provides an interesting cost-benefit ratio for those seeking a central location with easy access to public transport. The proximity to the Carolina Michaels metro station ensures quick and convenient access to other parts of the city, making mobility even more advantageous. With great potential for appreciation, this apartment is an excellent option for investors or those looking for a home in the heart of the city, where they can enjoy all the urban dynamics, commerce, services, and amenities that the location offers. Although there is no garage, the area has several parking options nearby. Don’t miss the opportunity to invest in this property with great potential! Finalize your transaction with IAD Portugal/International, where we guide you through the entire process of buying, selling, or renting, from the initial phase to the deed signing. All contractual acts, such as the signing of the CPCV (Promise of Purchase and Sale Agreement), are conducted in the presence of a lawyer (ensuring all legal aspects of the act are covered). If you live in Portugal or abroad and wish to buy or invest in Portugal, we are ready to provide you with personalized service. If you would like to know more about this property, don’t hesitate to contact us. We will be happy to assist you. #ref: 136925
T2+1 apartment converted into a T3, with 92m², located in the city center, next to the Carolina Michaels metro station. This property is an excellent investment opportunity, offering great potential for those looking for a residence in one of the most sought-after areas of the city. Comprising 3 bedrooms, two of which are spacious, and an additional room that has been converted to increase its profitability, this apartment provides a functional and comfortable layout. The kitchen is independent and fully equipped, offering ample space for those who enjoy cooking at home. Additionally, the property features 2 full bathrooms, with functional finishes. The apartment is located on the 2nd floor of a building without an elevator, which is an important factor to consider, but provides an interesting cost-benefit ratio for those seeking a central location with easy access to public transport. The proximity to the Carolina Michaels metro station ensures quick and convenient access to other parts of the city, making mobility even more advantageous. With great potential for appreciation, this apartment is an excellent option for investors or those looking for a home in the heart of the city, where they can enjoy all the urban dynamics, commerce, services, and amenities that the location offers. Although there is no garage, the area has several parking options nearby. Don’t miss the opportunity to invest in this property with great potential! Finalize your transaction with IAD Portugal/International, where we guide you through the entire process of buying, selling, or renting, from the initial phase to the deed signing. All contractual acts, such as the signing of the CPCV (Promise of Purchase and Sale Agreement), are conducted in the presence of a lawyer (ensuring all legal aspects of the act are covered). If you live in Portugal or abroad and wish to buy or invest in Portugal, we are ready to provide you with personalized service. If you would like to know more about this property, don’t hesitate to contact us. We will be happy to assist you. #ref: 136925
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Currency Exchange
Porto, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £222,453 | £228,674 | £6,221 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £222,453 |
| Maximum cost in the last six months | £228,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,221 |
Porto, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £222,453 | £228,674 | £6,221 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £222,453 |
| Maximum cost in the last six months | £228,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,221 |
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 £6,221 more.
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