A one-of-a-kind project is being born on the noble street of Cedofeita in the historical centre of Porto. In a stunning transformation, an iconic 19th-century mansion will be converted into 13 exclusive residences with private gardens, underground parking and 24-hour security.
Developed by renowned architect Morais Soares, the original features of the historic building will be preserved so the apartments carefully balance history, tradition and modern design. Bordering Porto’s finest private gardens and some of the city’s oldest trees, this project will also include a vertical garden which will allow residents to immerse themselves in nature and tranquility.
The apartments for sale are distributed between two buildings, the Palacete and the Residences, offering a perfect mix of classical and contemporary architecture. The Palacete has five beautiful three to four-bedroom apartments whilst the Residences, a new modern structure, will accommodate eight two-bedroom townhouses.
Part of the city’s heritage, this building has a distinctive character and preserves its original elements such as the beautiful ceilings, traditional Portuguese tiles, charming French-style balconies and authentic fireplaces. This creates a very theatrical ambience.
The apartments have interior areas ranging between 218 and 302 square metres and feature 3-4 bedrooms with en-suite bathrooms, fully-equipped kitchens and 3-4 private parking spaces.
The two apartments on the ground floor benefit from spacious private gardens of 80 and 104 square metres. On the last floor lies the four-bedroom penthouse with charming sloping ceilings and stunning 360º views over the city.
Overlooking one of the most beautiful private gardens of the city, these apartments offer unique modern living within a historical setting. The eight two-bedroom townhouses range in size from 130-154 square metres and boast spacious private gardens of 59-192 square metres.
Featuring large sliding doors that open onto the private gardens, these properties for sale also have both indoor and outdoor fireplaces, underground parking for 2-3 cars, a laundry room and storage space.
Located in the heart of the city, in a quiet and residential neighbourhood that dates back to the 18th century, these impressive residences are just steps away from Porto’s main attractions. Strolling down the pedestrian and commercial part of Cedofeita’s street one will encounter numerous boutique shops, galleries and cafes. Head east and you will find the iconic Miguel Bombarda art district or turn west to explore the charming Aliados Avenue. As one gets closer by the river it is impossible to miss the neighbourhoods famous monuments such as the Clérigos tower and the Sé Church. Should you want to explore further afield, this area is incredibly well-connected, with Lapa’s metro station about a 5-minute walk away and some of Porto’s best beaches less than a 30-min drive away.
Why is the investment opportunity so exciting?
This project is the first of its kind in the historic centre of Porto, providing the ultimate experience of living downtown. These properties for sale are close to all the buzz yet away from the crowds on a tranquil residential street.
Once upon a time, this property was the home of a high society member called Viscount Barreiros. The original architectural elements of this Palacete state its noble roots, giving its residents the unique opportunity to live in a place that breathes elegance and history. Now add into the mix modern design, green spaces and top-of-the-line materials and you will understand why these properties are a great investment opportunity.
What’s the investment potential?
Prime properties in Porto can go up to €8,000 per sqm. This project offers an average of €4,500 per sqm, without factoring in its spacious exterior areas, which represents a great investment opportunity given its superb location, high-quality finishes and amenities.
Additionally, these apartments are eligible for the Golden Visa programme which paves the way to European citizenship.
Porto is the second biggest city of Portugal, an ancient town that is home to unparalleled romantic architecture. Declared a World Heritage Site by UNESCO, Porto is recognised as one of Europe’s most popular destinations.
Porto, or ‘Cidade Invicta’, is synonymous with history, architecture, culture, gastronomy, wine, trade, adventure and discovery. Famous for its dramatic landscape overlooking the Douro River and its eclectic mix of historic and contemporary architecture, this welcoming city is also known for its sumptuous wine, delicious gastronomy, trendy concept stores, indie bars and art-nouveau cafes. Cosmopolitan and compact, this charming city is also very well-connected with a variety of transport links. The beach and the airport are less than 20 minutes away and Lisbon is about 3 hours away by car.