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Unique Investment Opportunity in the Heart of Porto! Rua Senhora do Porto, nº 612 – Porto, Portugal We present this semi-detached house ruin, originally built in 1937, with enormous potential for rehabilitation and value appreciation
Porto, Porto, Portugal
REF: 996380
€290,000
Description
Unique Investment Opportunity in the Heart of Porto! Rua Senhora do Porto, nº 612 – Porto, Portugal We present this semi-detached house ruin, originally built in 1937, with enormous potential for rehabilitation and value appreciation. Located in a quiet and well-established residential area, this property is an excellent opportunity for those looking to invest in one of Porto’s growing neighborhoods. Current property features: Semi-detached house in ruins Plot with street frontage on Rua Senhora do Porto A previous (now expired) architectural project envisioned a 2-story building with 3 bedrooms – an ideal starting point for a new permit request Location highlights: Directly across from a new development of high-end homes, currently under construction A 4-star hotel is located on the same street, reflecting the area’s increasing value and appeal Quiet residential neighborhood, ideal for primary residence or quality rental investment Easy access to Porto city center, services, public transport, and shops Whether you’re planning to build your new home, develop a resale project, or create a rental property, this site offers a solid foundation for a high-potential investment. Contact us for more information or to schedule a site visit. This is one of those rare opportunities where the past meets the future — and the future looks bright. #ref: 144197
Unique Investment Opportunity in the Heart of Porto! Rua Senhora do Porto, nº 612 – Porto, Portugal We present this semi-detached house ruin, originally built in 1937, with enormous potential for rehabilitation and value appreciation. Located in a quiet and well-established residential area, this property is an excellent opportunity for those looking to invest in one of Porto’s growing neighborhoods. Current property features: Semi-detached house in ruins Plot with street frontage on Rua Senhora do Porto A previous (now expired) architectural project envisioned a 2-story building with 3 bedrooms – an ideal starting point for a new permit request Location highlights: Directly across from a new development of high-end homes, currently under construction A 4-star hotel is located on the same street, reflecting the area’s increasing value and appeal Quiet residential neighborhood, ideal for primary residence or quality rental investment Easy access to Porto city center, services, public transport, and shops Whether you’re planning to build your new home, develop a resale project, or create a rental property, this site offers a solid foundation for a high-potential investment. Contact us for more information or to schedule a site visit. This is one of those rare opportunities where the past meets the future — and the future looks bright. #ref: 144197
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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 €290,000 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 |
|---|---|---|---|
| €290,000 | £239,381 | £251,752 | £12,371 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £239,381 |
| Maximum cost in the last six months | £251,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,371 |
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 €290,000 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 |
|---|---|---|---|
| €290,000 | £239,381 | £251,752 | £12,371 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £239,381 |
| Maximum cost in the last six months | £251,752 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,371 |
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 £12,371 more.
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