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Investment Opportunity: House for Renovation in Vila Nova de Gaia

€525,000
  • 3 Rooms
  • 5 Bedrooms
  • 3 Bathrooms
  • ~188 m² Total surface
  • ~188 m² Living area
  • ~134 m² Plot surface
  • Construction year 1957

Description

Located in Santa Marinha, Vila Nova de Gaia, this property is a four-bedroom house set within an established urban area, benefiting from a privileged location close to the centre of Vila Nova de Gaia, the Douro River, major public transport links, and Porto’s historic city centre.

Built in 1982, the house is arranged over two floors and has a gross and usable floor area of 188 m². The property currently comprises four bedrooms, an office, three bathrooms, kitchens, circulation areas, storage spaces and a garage. It also benefits from three façades, facing south, east and west, providing different levels of sun exposure throughout the day.

The property is held under a single-title ownership structure and does not comprise separate floors or units capable of independent use. Its layout and location make it particularly interesting for a property refurbishment and value-enhancement project.

The property includes an architectural project prepared by an architect, developed to explore the conversion of the existing house into a development comprising four apartments, each with an approximate area of 50 m². This project provides a potential investor with an initial overview of a possible conversion solution and the property’s potential for value enhancement.

It should, however, be noted that the architectural project has not been submitted to Vila Nova de Gaia City Council for review or approval. Therefore, as of the present date, there is no municipal approval or guarantee that the currently proposed solution will be approved. Any future planning or development application will, naturally, be subject to assessment and validation by the competent authorities, in accordance with the applicable legislation and land-use planning instruments.

Features
Patio
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Engel & Völkers Gaia-Gondomar

Your advisor: Amanda Mattos

Property ID: W-04BALH

Property details
  • Object type

    Townhouse

  • Rooms

    3

  • Bedrooms

    5

  • Bathrooms

    3

  • Number of Floors

    2

  • Parking spaces

    1

  • Total surface

    ~188 m²

  • Living area

    ~188 m²

  • Plot surface

    ~134 m²

  • Usable surface

    ~3 m²

Energy efficiency information
  • Construction year

    1,957

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

Location: Santa Marinha, Vila Nova de Gaia, Vila Nova de Gaia

One of the property’s main attributes is precisely its location. General Torres Metro Station, Jardim do Morro Metro Station and General Torres Railway Station are all just a few minutes away, providing quick connections to different areas of Vila Nova de Gaia and Porto. Avenida da República, one of Gaia’s main urban and commercial thoroughfares, is also nearby, together with local shops, supermarkets, restaurants and a wide range of services.

The immediate surroundings also include some of the region’s most important historical, tourist and cultural landmarks. Serra do Pilar is just a few minutes’ walk away, while the D. Luís I Bridge can be reached in approximately 10 to 12 minutes on foot.

Cais de Gaia and WOW – World of Wine are also within a short distance, providing access to one of the most iconic areas connecting Vila Nova de Gaia and Porto, characterised by the Douro River, Port wine cellars, restaurants and a diverse cultural and tourist offering.

The proximity to Porto’s historic city centre also provides access to the city’s extensive cultural, tourist, gastronomic and commercial offering, while the property remains situated within an established residential area of Vila Nova de Gaia.

The surrounding area offers a wide variety of restaurants, cafés and dining establishments, ranging from traditional venues to contemporary concepts, with a particularly strong concentration around Cândido dos Reis, General Torres and Cais de Gaia. The proximity to shopping areas, supermarkets and essential services also adds convenience to everyday living.

In addition to its proximity to public transport, the location benefits from good road connections, providing convenient access to the region’s main routes. Shopping and retail destinations such as ArrábidaShopping and Auchan Vila Nova de Gaia are also just a short drive away.

The possibility of exploring the creation of four residential units, combined with the proximity to the Douro River, D. Luís I Bridge, Cais de Gaia, WOW, public transport and Porto’s historic city centre, represents an important factor when assessing the property’s development and value-enhancement potential. The solution presented in the architectural project should, naturally, be understood as a study proposal rather than an approved planning or development project.

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