Portuguese Property (With Spanish Views)
Facts and Prices
This exclusive quality build riverfront Portuguese property
on the River Minho / northern border with Spain is available for
Property with 9000 sqm of Urbano title land and long
riverfront border in, deservedly, one of the most fashionable
areas of the Minho / North Portugal.
£475,000 / €570,000
Extra option 1 - Additional 1500 sqm of (horticultural)
1500 sqm of land on a separate title deed / number that
guarantees privacy along the property's southern border. This land
is higher than and alongside the entrance drive to this property.
Therefore anyone standing on it looks down onto the property grounds.
This additional land is already fenced and treed off along its own
southern border, providing both a further private garden / grounds
area and privacy for the main property itself. Ideal for a couple
of log cabins with some views down to the river.
+£25,000 / €30,000
Extra option 2 - A further 3200 sqm of (mixed zone) land.
Please see: Extra Building
Land - Available separately, this parcel of land combined with
the main property's grounds and the other above extra land option
would increase the total footprint to 13,700 square meters. Perfect
for building a fairly substantial house / villa, or for adding up
to 4 logs cabins, or for use as grazing / a paddock with stables.
+£60,000 / €72,000
To Make An Inquiry:
Please contact the present owners directly:
email link, type out
There are some property land purchase taxes in Portugal; please
Notes / Interesting Facts / Ideas:
1) All existing quality wood and leather furniture (retail over
40,000 Euros) available if required.
2) This property can be kept as it is, as a secluded exclusive
private home or developed as a tourism accommodations business or
even gated private exclusive community. The top guest floor of this
property being truly ideal for bed & breakfast holiday rentals.
In addition, perhaps if someone added more accommodations to the
grounds, the lower floor could easily be sectioned off from the
main living areas on the other floors and used as a guest dining
area (with adjacent large kitchen) / communal lounge with bar. The
process for offering tourist accommodations is now, since 2008,
very easy, inexpensive, quick and simple (see: Alojamento
Local); you can take in paying guests the moment you file your
application at the local town hall.
3) The main / original 9000 sqm of land is Urbano title and possibly
two additional houses could be built where there are currently grape
vines and a fruit orchard. The buyer could therefore possible lessen
their investment by separating and selling this land off to a builder
/ developer, or they could possibly build additional properties
themselves to use, sell, lease or rent.
4) A number of log cabins could be added to the grounds to offer
a holiday / vacation accommodations business. There is a perfect
location for two log cabins (plus a secluded space for a guest pool)
which would afford visitors river views without really impacting
privacy, the home or grounds as they are; this location is within
the extra land offered under "Option 1". If someone wanted
to maximize the tourism business element, perhaps up to 10 log cabins
could be added (4 in the exiting grounds, 2 on the land offered
in Option 1, 4 on the land offered in Option 2).
5) Because of the location very close to the Vigo Dry Port (Vigo
port expansion) and a station on the Iberian high speed rail link
both due for completion in the near future, certain local real estate
prices are expected to rise steadily even dramatically over the
next 10 years. Exclusive properties such as this one are likely
to do very well because of the creation and influx of wealth; the
rise in senior commercial management looking for special homes.
6) In 2007 the current owners had a valuation of this property
(with 13,700 sqm of land) of €1.4 million Euros. This admittedly
was a speculative price and before the global recession, but it
does give you an idea of the mid to long-term investment potential
of the property as prices generally have not changed that much in
7) This property is 100% legal; it comes with Habitation License,
full clear freehold title (without any lien or unpaid taxes), Urbano
title and the swimming pool is listed on tax / council registration
There is a tax "IMT" (Imposto Municipal sobre Transamissões)
and "Stamp Duty" on all property purchases in Portugal.
The IMT for this property is 6.5%, the stamp duty is 0.8%. The IMT
for building land is 6.5%, stamp duty 0.8%. For details, see Buying
Costs in Portugal.
Be aware many sellers / agents under-quote both the property selling
price and IMT on the basis they expect the buyer to agree to declaring
a lower than actual purchase price; this common practice is done
to reduce the tax amounts paid. The sellers of this property have
no need to make this a requirement on the buyer; the declared purchase
price is totally and solely the prerogative of the buyer.
Please note: land sizes are estimations based on aerial photography
and on the grounds within the walls / fencing (the private grounds);
this does not include the river bank area itself of course.
Adjoining woodland (7,200 sqm) just out of view
to the left of the above photo was recently offered to the present
property owners for €100,000, if any buyer is interested Although
the woodland can never be built upon, just adding it to the existing
land parcel should see its value immediately double. The local council
/ camara have plans to compulsory purchase part of this woodland
at some stage to use as grounds for the camp site they are building
nearby (see map on extra building land
page). This is actually a very good thing for this property
and likely increase its value. It is therefore probably wise to
wait before buying the section woodland actually next to this property
and not destined for acquisition by the council / camara, not least
as the price per square meter may actually come down. The IMT for
rustic land is 5% plus stamp duty again at 0.8%
The owner of the riverfront agricultural land west of this property
has also said he would sell if the price was right. No building
rights / permits would go with this land but it would allow expansion
and an overall increase in the value of this property.
Set out over
three floors, the lower floor is partly built into the ground (keeping
it very cool in summer), the upper floor is within the well insulated
one with en suite bathroom and large balcony overlooking private
grounds and river. Three of these bedrooms are on the top floor
and are perfect guest rooms, with the other three on the middle
family floor and benefiting from a large family bathroom.
Study / library
/ office (with entry phone for gate house), large family lounge
(with French made contained wood burning fireplace with marble surround),
breakfast room / 2nd kitchen, entrance hall and main bedroom / bathrooms
with common central indoor garden are on the middle floor (solid
oak flooring except for breakfast room and bathrooms). Radiators
throughout. All external windows and doors are locally quality made,
wooden, double glazed, insect screened and have wooden shutters
(except for front door).
lower floor with very large TV lounge and dining room with bar (all
quality terracotta tiled), with adjacent large fully fitted kitchen
(with entry phone for gate house) which itself leads out onto an
outdoor granite dining area with spectacular river / mountain views.
In addition there is a large utility room, a washroom, shower bathroom
/ wet room and adega (wine cellar). Radiators throughout.
with the most spectacular views has guest bedrooms, guest lounge
(with wood burning fireplace), guest recreation area (can be used
as a kid's play area or equally as a small dining area), shower
bathroom and many storage areas. Radiators throughout.
oil fired central heating (it gets a little cold in winter) and
fully insulated roof (insulates against heat in summer and cold
"kubos" granite laid driveway leading from entrance gates
down all the way around the house and down to the river gate.
Large gate house
which can double as a dog pen or storage area (very useful for bikes).
Electronic vehicle and pedestrian gates with entry phone linked
to the property. Post box, electricity and water meters just outside
the gates. Gate house has external and internal pedestrian gates.
garages for 3 vehicles plus adjacent large dog pound and work space.
Full sized (11.8
m x 5.8 m - excluding steps and children's pool) swimming pool with
children's section, fenced and gated for child safety. The concrete
pool was built by one of the leading Spanish companies with strong
foundations and a 20 year guarantee.
fountain next to house and family garden area, again fenced and
gated for child safety and to prevent dogs from entering the area;
family garden with large stone bbq has big established cork oak
tree in it which is a perfect shade tree.
(with broadband), mains electricity and mains water, plus very good
mobile (with data) cover from both Spain and Portugal (useful for
phone and Internet backup), and a large parabola satellite TV dish
which currently feeds two British SKY TV boxes (very good signal)
in different areas of the house.
One of the lowest
crime rates in western Europe. However, prevention without detriment
to the beauty of this property has been well done. Security / alarm
system with movement sensors throughout the property. Ornate strong
bars to rear lower windows. Steel moveable chalice can be used to
separate lower floor with other floors. Strong exterior doors with
special bolt locks where access is at ground level. Strong exterior
wood shutters can be used to increase security. Lockable strong
George / Jorge,
a Pyrenees Mountain Dog is available at no extra charge; an excellent
guard dog, very large, deep threatening bark, but a superb and safe
family dog to all known to him (including the postman, although
he does still bark at and frighten him).
Large duck pond
/ irrigation tank which is fed by a small natural water spring and
/ or a river water pump (licensed); this tank feeds the ground's
irrigation systems including sprinklers and drip emitters.
granite pathways around the grounds, including 3 sets of steps down
the bank section of our grounds to the lower perimeter fence / conifer
walled / fenced to height of 2 meters. We have a burglar / intruder
alarm with mobile phone connection also. Although this is a virtually
crime free area, our security (including dogs) make us a very unattractive
proposition for what criminal activity there is or one day may be.
house and coop away from the house (can barely hear them) near the
river gate, allows us to have free range chickens which are protected
from wildlife, etc. Plum and other trees / bushes help screen this
out of house view.
(255 vines) with wine and several types of eating / table grapes,
plus 6 kiwi fruit vines.
(cherry, peach, plum, apple, pear, apricot, nectarine, lemon, lime,
mandarin, navel orange) with adjacent greenhouse.
Large rock garden
runs alongside large part of driveway down to river.
Large bank /
hill section of grounds planted with many fruit and nut trees (mostly
cherry plus hazelnut, almond, strawberry and pineapple guava, cooking
and eating apple, Asian pear, pomegranate, walnut, nispero and quince
used to make marmalade) plus flowering and erosion control bushes
/ plants (yellow jasmine, etc.).
flower garden outside the lower floor TV lounge.
and summer house next to the duck pond; fence around pond has passion
fruit, clematis and other vines growing on it.
second fruit tree (red / black and white figs, persimmon, arbutus,
apple, pear, guava, pomegranate, Asian pear) garden area near to
the river / lower perimeter fence. Granite slab and Nerium Oleander
flowering bush walkway runs alongside the perimeter fence which
is also planted with a cypress bush / tree screen.
Original architect plan below: perimeter wall / fence, garages
and pool have since been added, plus extra land bought / added.