Property details
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District
Aveiro -
County
Aveiro -
Locality
Aradas
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Area
52 m² -
Plot area
722 m²
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Price
190.000 € -
Energy Rating
ND
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Property code
DSAVRVCPd124
Description
House with high potential for profitability.
This is a unique opportunity for those looking to invest in an area in strong appreciation: Verdemilho, next to Crasto, just a 5-minute walk from the University of Aveiro and ESSUA School of Health.
The strategic location and typology of the property make it a safe bet for renting aimed at students and health professionals.
Property features:
Single storey house T2, located on a plot of 722 m², with patio, cultivated land and several annexed buildings. The gross registered area is 72 m², but there are additional constructions that can be legalized and integrated, significantly increasing the floor area and the number of rooms.
With two fronts (West and South) and double access, the property is ideal for rehabilitation projects with a focus on student rentals.
Profitability projection:
With small works (estimated at 45,000), it is possible to convert the space into up to 6 rooms with shared common areas. Each room can earn around 400/month, which represents a potential annual revenue of 28,800.
With an acquisition value of 190,000, the total investment is around 235,000, providing an estimated Return on Investment (ROI) of 12.25%.
In addition, the existing annex constructions open up the possibility of creating a second housing unit or further increasing the room capacity, increasing the final return.
Prime location:
500m from the University of Aveiro and ESSUA
500m from Burger King and Botafogo Roundabout
800m from Mercadona (Av. Europe)
1 km from Lidl Verdemilho
1.6 km from Wisteria Plaza
2.5 km from Aveiro Hospital
4.2 km from Aveiro Train Station
12 km from Barra Beach
Expanding zone:
Verdemilho is currently one of the areas with the greatest urban dynamism in Aveiro, with growing demand from students, families and professionals. The urban context and proximity to educational institutions make this property a strategic asset for those who want to invest in housing rental.
Technical Notes:
House plan approved in 1955
Plan of annexes approved in 1959
Property without Habitability License (does not allow bank financing)
The right investment for those who want to transform, value and obtain above-average returns.
Exact location (Google maps): https://maps.app.goo.gl/85cA4jvje4UKrVfe7
GPS: 40.621173, -8.656450
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