Vila Nova de Gaia, Porto

Property Identification: ZMPT571250 This villa is the perfect getaway for those looking for tranquility and space. With a large garden at the front and a plot at the back, this house offers huge potential to transform into something unique and special. Located at Rua Salvador Monteiro, number 40 in Vilar de Andorinho, it is just 300 meters from the National Road 222. Property consisting of 3 items: . Urban article - ground floor and first floor building with 8 rooms, garage and patio . Rustic article - culture with ramada and orchard . Rustic article - culture with ramada HOUSE DESCRIPTION: Ground Floor: . Enclosed garage for 1 car; . Living room with access to balcony; . Living room with access to the Garden and fireplace; . Pantry; . Kitchen; . Room; . Full bathroom with window. First Floor: . Room with balcony; . Room with balcony; . Room; . Full bathroom with window; AREAS (according to the land registry): . Urban Article Total land area: 535 m2 Building implantation area: 140 m2 Gross construction area: 280 m2 Gross floor area: 140 m2 Gross private area: 140 m2 . Rustic Article (cultivation with ramada and orchard) Total land area: 1, 420 m2 . Rustic Article (culture with ramada) Total land area: 1, 100 m2 VALUES: Urban heritage value: 73.161, 20 IMI Value: 263.38 (paid in two installments, May and November) Rustic patrimonial value: 41, 20 IMI Value: 0.33 (paid in May) Rustic patrimonial value: 8, 68 IMI Value: 0.07 (paid in May) IMPORTANT NOTE: This villa is located in an ARU area (urban rehabilitation area). An Urban Rehabilitation Area (ARU) is an area delimited under the terms of the legal regime and urban rehabilitation, where there are degraded buildings, which due to their conditions of use, solidity, safety, aesthetics or healthiness, need works aimed at their urban rehabilitation. (urban) housing built more than 30 years ago or located in urban rehabilitation areas, which cumulatively meets the following requirements, are covered: - Are subject to the rehabilitation of buildings, under the terms of the RJRU, or promote the effective rehabilitation of the property as a whole; - After the rehabilitation, the state of conservation of the property is two levels above that previously assigned and has at least a good level and the requirements of energy efficiency and thermal quality are met. This type of real estate has some tax benefits, such as: . Municipal Property Tax (IMI) - Exemption from IMI for a period of three years, including the year of completion of the works on the property. This exemption can be renewed, by application submitted by the owner, for another five years; . Municipal Tax on Onerous Transfers (IMT) - Exemption from IMT when the buyer wants to carry out rehabilitation works and starts them within a maximum period of 3 years from the date of acquisition; Exemption from IMT on the first transfer of the rehabilitated property, when intended exclusively for own and permanent housing or rental for own and permanent housing. . Personal Income Tax (IRS) - 30% of the costs incurred for rehabilitation purposes are deductible from the collection, up to a maximum limit of 500. . Corporate income tax (CIT) . Value Added Tax (VAT) - The reduced rate of 6% applies to urban rehabilitation works carried out on properties located in ARU . Capital Gains Tax - Capital gains obtained on the first sale of property located in an ARU and after rehabilitation works are taxed at the reduced rate of 5%, without prejudice to the option for aggregation. This reduced rate only applies if the owner is a taxpayer and resident in Portugal. Among others... The villa is in need of refurbishment work, offering a unique opportunity to customize every detail to your liking. Located in Vilar de Andorinho, in an area with easy access to shops, services and public transport, this villa is close to the main amenities of the city. Don't miss this opportunity! Schedule your visit now and discover the potential of this unique property.