Engel & VölkersEngel & Völkers
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5-Bedroom Home in Central Gaia for Reconstruction, with High Investment Potential

€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 house situated in a consolidated urban area, benefiting from a privileged location due to its proximity to Vila Nova de Gaia city centre, the Douro River, the main public transport links and Porto’s historic centre.

Built in 1957 and extended in 1961, the house is arranged over two floors and has a gross and usable area of 188 m². It also benefits from three frontages, facing south, east and west, providing different levels of sunlight throughout the day.

The property currently comprises, on the upper floor, three bedrooms, an office, two bathrooms, a kitchen, a living room, storage areas and a garage. The lower floor comprises two bedrooms, a bathroom, a living room, a kitchen and a laundry area.

The property includes an architectural project prepared by an architect, developed to assess the conversion of the existing house into a development comprising four apartments, each with a planned area of approximately 50 m². This project allows a potential investor to obtain an initial view of a possible conversion solution and the property’s potential for appreciation.

It should nevertheless be noted that the architectural project has not been submitted to Vila Nova de Gaia City Council for consideration or approval. Therefore, as of the present date, there is no municipal approval or guarantee that the currently designed solution will be approved. Any future urban planning operation must be analysed and validated by the competent authorities, in accordance with the applicable legislation and spatial 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

    1957

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

Location: Santa Marinha, Vila Nova de Gaia

One of the property’s main advantages is precisely its location. General Torres Metro Station, Jardim do Morro Metro Station and General Torres Railway Station are just a few minutes away, providing quick connections to different areas of Vila Nova de Gaia and Porto. Avenida da República, an important urban and commercial thoroughfare in Gaia, is also nearby, as are local shops, supermarkets, restaurants and various services.

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

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

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

The surrounding area offers a wide variety of restaurants, cafés and dining venues, ranging from traditional establishments to contemporary concepts, with a particularly high concentration in the areas of Cândido dos Reis, General Torres and Cais de Gaia. The proximity to shopping areas, supermarkets and services also adds convenience to the property’s everyday use.

In addition to its proximity to public transport, the location benefits from good road access, providing convenient connections to the region’s main traffic routes. Commercial facilities such as ArrábidaShopping and Auchan Vila Nova de Gaia are also just a few minutes away by car.

The possibility of considering the creation of four residential units, together with the proximity to the Douro River, the Dom Luís I Bridge, Cais de Gaia, WOW, public transport and Porto’s historic centre, is a relevant factor in assessing the property’s development and value-enhancement potential. The solution presented in the architectural project should, naturally, be understood as a study proposal and not as an approved urban-planning operation.

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