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Excellent investment opportunity, located in one of the historic districts of Matosinhos, close to the famous beach and all amenities
Matosinhos, Porto, Portugal
REF: 726518
€225,000
Description
Excellent investment opportunity, located in one of the historic districts of Matosinhos, close to the famous beach and all amenities. Traditional house to renovate to your taste in the heart of the town, consisting of : - Very large entrance hall opening onto a large space, - Living room - Kitchen - One bedroom - A bathroom - An outside courtyard - A large terrace - Annexes - A large cellar. Here are some interesting points about this house: - Renovation potential : The description of large interior and exterior spaces to be remodelled offers an interesting opportunity to personalise and optimise the house according to your preferences or the needs of the market. Renovation can also increase the long-term value of the property. - Outbuildings and cellar: The presence of annexes and a cellar can offer additional possibilities, such as the creation of extra storage space, a workshop or even an extension to the main house. - A prime location: Being just a 10-minute walk from Matosinhos beach is a considerable advantage, as it can attract potential tenants or buyers interested in a second home near the sea. Proximity to shops, restaurants and public transport, such as the metro, adds even more value to the property. - ARU zone: The fact that the house is located in an urban improvement zone (ARU) is a positive point for investors. UIAs are areas identified by local authorities for urban regeneration, which can lead to tax incentives and grants for renovations, making the investment potentially more profitable. In summary, the house is an excellent investment opportunity due to its location, renovation potential and location in an ARU area. Don't miss out on this opportunity. By choosing an iad advisor, you benefit from the support of the largest network of independent real estate advisors in Portugal. Created in France in 2008, iad is a network of estate agents based on a totally innovative model that breaks away from the traditional estate agency concept, while promoting a close relationship between estate agent and customer. The success of the iad group is reflected in the thousands of advisers, online advertisements and transactions carried out. #ref: 98857
Excellent investment opportunity, located in one of the historic districts of Matosinhos, close to the famous beach and all amenities. Traditional house to renovate to your taste in the heart of the town, consisting of : - Very large entrance hall opening onto a large space, - Living room - Kitchen - One bedroom - A bathroom - An outside courtyard - A large terrace - Annexes - A large cellar. Here are some interesting points about this house: - Renovation potential : The description of large interior and exterior spaces to be remodelled offers an interesting opportunity to personalise and optimise the house according to your preferences or the needs of the market. Renovation can also increase the long-term value of the property. - Outbuildings and cellar: The presence of annexes and a cellar can offer additional possibilities, such as the creation of extra storage space, a workshop or even an extension to the main house. - A prime location: Being just a 10-minute walk from Matosinhos beach is a considerable advantage, as it can attract potential tenants or buyers interested in a second home near the sea. Proximity to shops, restaurants and public transport, such as the metro, adds even more value to the property. - ARU zone: The fact that the house is located in an urban improvement zone (ARU) is a positive point for investors. UIAs are areas identified by local authorities for urban regeneration, which can lead to tax incentives and grants for renovations, making the investment potentially more profitable. In summary, the house is an excellent investment opportunity due to its location, renovation potential and location in an ARU area. Don't miss out on this opportunity. By choosing an iad advisor, you benefit from the support of the largest network of independent real estate advisors in Portugal. Created in France in 2008, iad is a network of estate agents based on a totally innovative model that breaks away from the traditional estate agency concept, while promoting a close relationship between estate agent and customer. The success of the iad group is reflected in the thousands of advisers, online advertisements and transactions carried out. #ref: 98857
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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 €225,000 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 |
|---|---|---|---|
| €225,000 | £191,405 | £197,210 | £5,805 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £191,405 |
| Maximum cost in the last six months | £197,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,805 |
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 €225,000 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 |
|---|---|---|---|
| €225,000 | £191,405 | £197,210 | £5,805 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £191,405 |
| Maximum cost in the last six months | £197,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,805 |
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 £5,805 more.
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