Land in Paranhos, Porto

Development Plot 500 m from the IPO | High Residential Development Potential Ref.: 2357 An excellent investment opportunity on Estrada da Circunvalação, just a few minutes from the IPO Oncology Institute, S. João Hospital, the Metro Station and the University Campus, one of the most sought-after residential areas in the Porto Metropolitan Area. The plot extends to approximately 230 m² and benefits from a strategic location, making it ideal for the development of a residential or accommodation...Development Plot 500 m from the IPO | High Residential Development Potential Ref.: 2357 An excellent investment opportunity on Estrada da Circunvalação, just a few minutes from the IPO Oncology Institute, S. João Hospital, the Metro Station and the University Campus, one of the most sought-after residential areas in the Porto Metropolitan Area. The plot extends to approximately 230 m² and benefits from a strategic location, making it ideal for the development of a residential or accommodation project. Development Potential The area's planning framework indicates the potential for the construction of a residential building comprising Basement + Ground Floor + 4 Storeys, with an estimated capacity of approximately 8 to 10 residential units, subject to approval by the relevant planning authorities. As a reference, the adjacent plot already benefits from an approved project for a six-storey residential building, demonstrating the strong development potential of this location. Renovation Opportunity The property also includes an existing house comprising basement, ground floor, first floor and outbuildings, which may be renovated or converted into a spacious family residence or an accommodation project with approximately 10 to 12 bedrooms. Location Its proximity to S. João Hospital, the IPO Oncology Institute, the University Campus and the public transport network makes this property particularly attractive for investment. Nearby amenities include: IPO Porto (Portuguese Oncology Institute); S. João Hospital; University Campus; Hospital de S. João Metro Station; Supermarkets, shops and essential services; Excellent access to the Circunvalação Ring Road, the VCI and the city's main road network.The strong demand for residential property in this area, driven by the presence of hospitals, universities and research centres, gives this property outstanding potential for projects aimed at either the sales or rental markets. An excellent opportunity to develop a residential project in a well-established location offering outstanding accessibility and strong long-term growth potential. Contact us for further information or to arrange a viewing.