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Unique Investment Opportunity in Porto - Miragaia

€ 441,000 £ 389,246 $ 525,871

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Key information

Reference: PP3391

Villa

Porto, Porto & The Green Coast

Ownership Status: Private

Built in: n/a

294m² Build size

€ 1,500 £ 1,323 $ 1,788 / m² build

49m² Plot size

€ 9,000 £ 7,943 $ 10,732 / m² plot

Building with approved project to be refurbished and built. A total of 294 sqm of construction area divided over three floors. There is possibility to construct three apartments or a small hostel.

About the neighbourhood
This property is located close to Alfândega, and the river front area of historical Porto, where the Porto Wine Museum is. Miragaia, next to the river, has one of the oldest churches, Igreja São Pedro de Miragaia, of the city. The historic neighbourhood has the key characteristics of sinuous alleys and higgledy-piggledy houses with their distinctive azulejos (tiles). This area is walking distance to major city attractions like Ribeira and Palácio de Cristal.

Projects in this area come with multiple tax benefits and this fully approved project is ready to go!

Features

Character property
New development
Orientation: west
Near bars / restaurants
Near school(s)
Near shops
Near the beach

Key information

Reference: PP3391

Villa

Porto, Porto & The Green Coast

Ownership Status: Private

Built in: n/a

294m² Build size

€ 1,500 £ 1,323 $ 1,788 / m² build

49m² Plot size

€ 9,000 £ 7,943 $ 10,732 / m² plot

The location: Porto, Porto & The Green Coast

Porto is the 2nd largest city in Portugal based on its population; located in the North of the country, it is the city where Portugal’s name comes from. Porto’s name around 2200 years ago was Portus Cale that became Condado Portucalense later.

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Ask the Expert: Currency Exchange

Sarah Monaghan is a foreign currency exchange specialist working for Smart Currency Exchange in Portugal. If you have a question relating to foreign currency exchange, complete the form below and Sarah will get back to you.

Ask the Expert: Mortgages

Mario is a mortgage expert working for Quinta Finance in Portugal. If you have a question relating to mortgages, complete the form below and Mario will get back to you.

Ask the Expert: Property Law

Francisco Salgueiro is a property law expert working for Edge International Lawyers in Portugal. If you have a question relating to Portuguese property law, complete the form below and Francisco will get back to you.