Building in Penafiel with virtual tour

House + Flat in the Historic Centre of Penafiel

A unique opportunity to live in the heart of Penafiel

whilst also generating rental income from part of your property. 

In the historic centre of Penafiel, this property

stands out for its versatility, independence and potential for generating income,

making it a particularly attractive option for families who value

central location, the authenticity of living in the heart of the town and the possibility

of generating additional income.

On the ground floor, there is a three-bedroom flat

with a separate entrance from the main residence. This

feature allows for flexible use:  

-Long-term letting, providing a monthly income; 

-Accommodation for family members or guests; 

-Independent use by children or other family members; 

-The possibility of adapting its use in the future to suit the family’s needs;

-A home for the family and additional income.

For a family wishing to buy a home in the

centre of Penafiel, this layout offers a particularly

significant advantage:

it is possible to live in the house whilst simultaneously generating income from the

ground-floor flat, helping to cover the costs

associated with the property. 

Each unit features a living room, kitchen, bathroom and 3 bedrooms, offering spacious and well-laid-out rooms.

Given estimated market rates of between €650 and

€850 per month for a two-bedroom flat, the self-contained flat could generate a

potential annual income of between €7,800 and €10,200 (once the

current tenancy agreement has expired). 

One property, multiple possibilities

The property’s layout will allow you to combine

different objectives in the future:

🏡 Own home + rental income

Live in the house and let out the self-contained two-bedroom flat on the ground floor.

👨‍👩‍👧‍👦 Multi-generational family solution

Two independent dwellings in the same building, allowing family members to live close by, whilst maintaining their independence.

💼 Property investment

Generate income from the existing flat and, subject to planning permission,

exploit the potential for capital appreciation in the additional areas. 

This property meets a need that is becoming increasingly valued:

having a central home for the family and within the same

property, a self-contained unit capable of generating income.

An opportunity for those who wish to live in the historic

heart of Penafiel, enjoy all the convenience of the location and, at the

same time, turn part of the property into a source of income.

Come and see the property for yourself, appreciate its versatility and

discover everything this building could offer for your family

and investment plans.

Important notes:

The property does not have a garage or parking space 

The ground-floor flat is currently let.

Book your viewing.