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1-Bedroom Apartment in Prelada – Perfect for Investment or First Home Great opportunity in the Prelada area! This 1-bedroom apartment offers a magnificent view over the city of Porto, making it an excellent choice for those looking for high rental yield potential or a cozy first home for a young co
Porto, Porto, Portugal
REF: 999890
€174,000
Description
1-Bedroom Apartment in Prelada – Perfect for Investment or First Home Great opportunity in the Prelada area! This 1-bedroom apartment offers a magnificent view over the city of Porto, making it an excellent choice for those looking for high rental yield potential or a cozy first home for a young couple. With a prime location, directly across from a well-known supermarket and in a well-maintained building, this apartment features an entrance hall leading to the kitchen, living room, bedroom, and bathroom. The property has never been renovated since its construction and still features original wallpaper, offering a fantastic opportunity for modernization. With minor upgrades — such as updating the bathroom and kitchen fixtures or opening the layout to create a modern open space — it can easily be transformed into a stylish and comfortable apartment. Thanks to Porto’s ongoing development and high rental demand, this apartment is a solid investment, either for income or personal use. Viewings available through our agency — but act fast! At this price point, similar properties are becoming increasingly rare. #ref: 146047
1-Bedroom Apartment in Prelada – Perfect for Investment or First Home Great opportunity in the Prelada area! This 1-bedroom apartment offers a magnificent view over the city of Porto, making it an excellent choice for those looking for high rental yield potential or a cozy first home for a young couple. With a prime location, directly across from a well-known supermarket and in a well-maintained building, this apartment features an entrance hall leading to the kitchen, living room, bedroom, and bathroom. The property has never been renovated since its construction and still features original wallpaper, offering a fantastic opportunity for modernization. With minor upgrades — such as updating the bathroom and kitchen fixtures or opening the layout to create a modern open space — it can easily be transformed into a stylish and comfortable apartment. Thanks to Porto’s ongoing development and high rental demand, this apartment is a solid investment, either for income or personal use. Viewings available through our agency — but act fast! At this price point, similar properties are becoming increasingly rare. #ref: 146047
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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 €174,000 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 |
|---|---|---|---|
| €174,000 | £143,628 | £152,306 | £8,677 |
| Property Price € | €174,000 |
| Minimum cost in the last six months | £143,628 |
| Maximum cost in the last six months | £152,306 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,677 |
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 €174,000 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 |
|---|---|---|---|
| €174,000 | £143,628 | £152,306 | £8,677 |
| Property Price € | €174,000 |
| Minimum cost in the last six months | £143,628 |
| Maximum cost in the last six months | £152,306 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,677 |
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 £8,677 more.
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