- Bedrooms: 4
- Bathrooms: 2
- Size: 220 m²
- Price: €495,000
These are properties with a prime location within the town of S.
Mamede de Infesta, municipality of Matosinhos:
Right on Avenida do Conde. They are two adjoining houses of old construction, with identical plots, footprints and construction areas (they are two distinct urban registered units), totalling:
Plot (total):
378 m2
Footprint (total):
220 m2
Gross construction area (total):
220 m2
They offer the following alternative possibilities, duly consistent with the municipal master plan (PDM) in force for this location:
(i) Refurbishment of the two houses, converting these properties into a single registered unit or not, taking advantage of the tax benefits arising from their location in the S. M. Infesta ARU (and from the fact that the construction is more than 30 years old). The refurbishment work may be accompanied by the addition of a floor (or more) to the current single storey, as well as by the creation of parking space in a basement or, alternatively, by using the existing outdoor space at the rear, of about 150 m2, as parking and/or garden.
(ii) Construction of a building of up to 5 floors above ground level, after converting these properties into a single registered unit, making it possible to create up to 10 separate units (apartments) of various types (a three-bedroom, or a two-bedroom + a studio, or two one-bedrooms per floor), a basement for parking and storage, and also a garden or yard at the rear (of about 150 m2).
[Note: in an investment scenario of building, establishing horizontal property ownership and then selling the separate units (buy-to-sell), gross returns of more than 25% are achievable.] Whatever form it takes, this is an investment of high potential, which comes largely from its location, namely: Avenida do Conde is central to the whole town of S. Mamede de Infesta and is one of its main structuring roads (with a history stretching back centuries). It is a residential area mixed with a wide variety of shops and services.
In the long term a metro line is planned to run along Avenida do Conde (or very close to it), linking Senhora da Hora to Hospital de S. João and the Asprela university campus (passing through Padrão da Légua, in Leça do Balio). It is an area with a high shortage of housing, both for owner-occupation and for letting. It is an area short of new construction.
The location of these properties also offers this accessibility and centrality:
- Bakeries, grocers, butchers, cafés, restaurants, gyms, pharmacies, banks, ATMs, etc, nearby;
- EB1 da Ermida 450 m away, EB1/JI Padre Manuel de Castro 500 m, EB 2/3 Maria Manuela de Sá 450 m, Esc Sec Abel Salazar 650 m, Asprela university campus 2 km (7 min by car);
- Health centre 550 m and Hospital S. João 2 km (7 min by car);
- Nearest metro stations: Hospital S. João (2 km, 7 min by car) and Senhora da Hora (4 km, 11 min by car);
- Parish council 400 m and Matosinhos Town Hall 10 km (13 min);
- Maia (centre) 5 km (11 min) and Porto (centre) 5 km (23 min);
- Norteshopping 5 km (13 min), Parque Nascente 5.5 km (11 min), Maia Shopping 6.5 km (13 min) and Marshopping/Ikea 10 km (13 min);
- Matosinhos beach 10 km (14 min) and Leça da Palmeira beach 12 km (15 min);
- Francisco Sá Carneiro Airport 9.5 km (9 min);
- A4 motorway 1.5 km (4 min), A3 3 km (5 min), A28 8 km (9 min), A1 (Ponte da Arrábida) 10 km (15 min).
Houses to refurbish, on well-located plots of high potential, which may allow a good return on YOUR INVESTMENT and/or may become YOUR NEW HOME!
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