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An exclusive residence, and an excellent investment opportunity with a fixed return
Vila Nova de Gaia, Porto, Portugal
REF: 595796
€586,000
Description
An exclusive residence, and an excellent investment opportunity with a fixed return. This unit is located in a unique development, of timeless elegance, which results from a rehabilitation project of an 18th-century building, where many of its unique architectural features have been preserved. On the ground floor, this loft (T0 + T1) with two mezzanines and a private balcony, is designed to become a single larger apartment or two smaller apartments, offering the option of being able to be rented entirely or just in part, in a guaranteed income option. With a totally private area of 78 m2, 2 complete bathrooms, two mezzanines with a total of 38 m2, and an 8 m2 balcony. Solar orientation to North, East, and West. Energy class B. The property benefits from top-quality finishes and will be delivered with air conditioning, an electric water heater, double-glazed windows, and a fully equipped kitchen: compact micro-marble countertop, ceramic hob, oven, dishwasher, washing machine, and dryer. , fridge, extractor, and microwave from the BOSH brand. The building is close to the Port wine cellars, in Vila Nova de Gaia, and to the historic center of the city of Porto. It has 17 high-standard units, 15 T0 and T1 apartments in the main Palace, and 2 T2 houses with a private garden located at the back of the property. Most of the units will have fantastic views over the Douro River and the city of Porto, guaranteeing an unparalleled panorama 365 days a year. All fractions are eligible for Golden Visa and can be delivered fully furnished, decorated, and with separate local accommodation management services. Ask for more information now! I speak Portuguese, English, and Italian. #ref: 72992
An exclusive residence, and an excellent investment opportunity with a fixed return. This unit is located in a unique development, of timeless elegance, which results from a rehabilitation project of an 18th-century building, where many of its unique architectural features have been preserved. On the ground floor, this loft (T0 + T1) with two mezzanines and a private balcony, is designed to become a single larger apartment or two smaller apartments, offering the option of being able to be rented entirely or just in part, in a guaranteed income option. With a totally private area of 78 m2, 2 complete bathrooms, two mezzanines with a total of 38 m2, and an 8 m2 balcony. Solar orientation to North, East, and West. Energy class B. The property benefits from top-quality finishes and will be delivered with air conditioning, an electric water heater, double-glazed windows, and a fully equipped kitchen: compact micro-marble countertop, ceramic hob, oven, dishwasher, washing machine, and dryer. , fridge, extractor, and microwave from the BOSH brand. The building is close to the Port wine cellars, in Vila Nova de Gaia, and to the historic center of the city of Porto. It has 17 high-standard units, 15 T0 and T1 apartments in the main Palace, and 2 T2 houses with a private garden located at the back of the property. Most of the units will have fantastic views over the Douro River and the city of Porto, guaranteeing an unparalleled panorama 365 days a year. All fractions are eligible for Golden Visa and can be delivered fully furnished, decorated, and with separate local accommodation management services. Ask for more information now! I speak Portuguese, English, and Italian. #ref: 72992
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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 €586,000 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 |
|---|---|---|---|
| €586,000 | £498,504 | £513,002 | £14,498 |
| Property Price € | €586,000 |
| Minimum cost in the last six months | £498,504 |
| Maximum cost in the last six months | £513,002 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,498 |
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 €586,000 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 |
|---|---|---|---|
| €586,000 | £498,504 | £513,002 | £14,498 |
| Property Price € | €586,000 |
| Minimum cost in the last six months | £498,504 |
| Maximum cost in the last six months | £513,002 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,498 |
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 £14,498 more.
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