Unique opportunity – Land for construction with approved project in Leça do Balio, Matosinhos Prime location: This area is part of the Porto metropolitan area, a dynamic city with sustained real estate growth

Matosinhos, Porto, Portugal

For Sale

€2,000,000

REF: 950272 €2,000,000


7900 m2

7900 m2

Description

Unique opportunity – Land for construction with approved project in Leça do Balio, Matosinhos Prime location: This area is part of the Porto metropolitan area, a dynamic city with sustained real estate growth. Matosinhos is an attractive area for families and investors due to: - Proximity to Porto: Quick access to the city center and key infrastructures.

- Residential development: Expanding neighborhood with several recent real estate projects. - Infrastructures: Schools, shops, and well-developed public transport. Area: 7,900 m² of land | 4,000 m² of construction Already approved project: Development of 22 T3+1 or T4 single-family homes Planned types: Homes from 165 to 185 m² each, with outdoor space Secure investment – High profitability Land sale price: - €2,000,000 with builder (includes price guarantee for construction at €1,000/m² + no initial costs, the builder exchanges a €500,000 house to be deducted from the total cost of the project) - €2,300,000 without builder (complete freedom for the investor) Financial analysis and profitability: - Total project cost: €6.3 million (land + construction + additional expenses) - Estimated sale price of homes: Between €430,000 and €520,000 - Estimated total revenue: €9.46 million to €11.75 million - Expected revenues: - Scenario 1 (average sale price €430K) → €9.46 million - Scenario 2 (average sale price €520K) → €11.75 million - Scenario 3 (average sale price €520K, but with financing and higher marketing costs) → €11.75 million - Expected profit margin: Up to €5.05 million - Potential ROI: Up to 205% - Quick return: 3 years Strategic location & attractive real estate market Leça do Balio – Matosinhos: A rapidly developing residential area, ideal for a profitable real estate project Immediate proximity to Porto: Well connected by major roads and public transport High-quality infrastructure: Schools, shops, shopping centers, and hospitals nearby Desired living environment: A quiet area with green spaces and high quality of life Strong real estate demand in the region Market trend: Strong growth in demand for new homes in this area Price comparison: Similar homes (T3+1 or T4 from 165 to 185 m²) are currently being sold between €420,000 and €520,000 A project designed to attract families and investors Are you an investor or developer? Take advantage of this opportunity A turnkey project with exceptional profitability potential Immediate availability – Possibility for a visit upon request Contact us now for more information and to schedule a visit #ref: 138530
Unique opportunity – Land for construction with approved project in Leça do Balio, Matosinhos Prime location: This area is part of the Porto metropolitan area, a dynamic city with sustained real estate growth. Matosinhos is an attractive area for families and investors due to: - Proximity to Porto: Quick access to the city center and key infrastructures.

- Residential development: Expanding neighborhood with several recent real estate projects. - Infrastructures: Schools, shops, and well-developed public transport. Area: 7,900 m² of land | 4,000 m² of construction Already approved project: Development of 22 T3+1 or T4 single-family homes Planned types: Homes from 165 to 185 m² each, with outdoor space Secure investment – High profitability Land sale price: - €2,000,000 with builder (includes price guarantee for construction at €1,000/m² + no initial costs, the builder exchanges a €500,000 house to be deducted from the total cost of the project) - €2,300,000 without builder (complete freedom for the investor) Financial analysis and profitability: - Total project cost: €6.3 million (land + construction + additional expenses) - Estimated sale price of homes: Between €430,000 and €520,000 - Estimated total revenue: €9.46 million to €11.75 million - Expected revenues: - Scenario 1 (average sale price €430K) → €9.46 million - Scenario 2 (average sale price €520K) → €11.75 million - Scenario 3 (average sale price €520K, but with financing and higher marketing costs) → €11.75 million - Expected profit margin: Up to €5.05 million - Potential ROI: Up to 205% - Quick return: 3 years Strategic location & attractive real estate market Leça do Balio – Matosinhos: A rapidly developing residential area, ideal for a profitable real estate project Immediate proximity to Porto: Well connected by major roads and public transport High-quality infrastructure: Schools, shops, shopping centers, and hospitals nearby Desired living environment: A quiet area with green spaces and high quality of life Strong real estate demand in the region Market trend: Strong growth in demand for new homes in this area Price comparison: Similar homes (T3+1 or T4 from 165 to 185 m²) are currently being sold between €420,000 and €520,000 A project designed to attract families and investors Are you an investor or developer? Take advantage of this opportunity A turnkey project with exceptional profitability potential Immediate availability – Possibility for a visit upon request Contact us now for more information and to schedule a visit #ref: 138530
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Property on Map

#138530

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 €2,000,000 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
€2,000,000 £1,647,800 £1,692,180 £44,380
Property Price € €2,000,000
Minimum cost in the last six months £1,647,800
Maximum cost in the last six months £1,692,180
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,380

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 €2,000,000 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
€2,000,000 £1,647,800 £1,692,180 £44,380
Property Price € €2,000,000
Minimum cost in the last six months £1,647,800
Maximum cost in the last six months £1,692,180
Fluctuating exchange rates over the last six months could have increased the cost of this property by £44,380

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 £44,380 more.

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