Varandas do Covelo
Under ConstructionPorto, Paranhos
About
Varandas do Covelo is a new development on Rua de Faria Guimarães, in Paranhos, Porto, comprising 20 1BR and 2BR apartments (63–140 m²) priced from around €465k, plus one ground-floor commercial unit. Set in a markedly residential area beside Quinta do Covelo — an 80,000 m² green park — it offers strong access to the VCI and ring road and is a five-minute walk from the metro, with a 500 m² private garden, balconies in every unit, and individual garages and storage. Developed by Be Oporto with architecture by Meireles Arquitectos, with delivery scheduled for Q1 2026.
Amenities
Included with Numeralis — free
- Full data access — comparable, structured, independent
- In-house guidance — agency, lawyer, mortgage partner routing
- Notary + registry handled at closing (~€1,000 value)
€/m² vs. peer median
-46.9% vs. 4,130€/m²
Priced below peers — competitive for the area.
Edifício Zeca Afonso
2,458€/m² -40.5%
Monsanto Lofts
3,129€/m² -24.2%
Privilege Gardens
3,360€/m² -18.7%
Oporto Luxury Residences
3,459€/m² -16.3%
The Studios Paranhos
3,583€/m² -13.2%
Edifício na Areosa
4,056€/m² -1.8%
Monsanto 705
4,067€/m² -1.5%
Oporto Plaza
4,099€/m² -0.8%
Edifício Rua 9 de Abril
4,112€/m² -0.4%
Monte Pedral
4,148€/m² +0.4%
Vintage Garden
4,232€/m² +2.5%
Boss Gardens
4,347€/m² +5.2%
Prestige Living – Costa Cabral
4,465€/m² +8.1%
Boss Gardens
4,538€/m² +9.9%
Júlio de Matos
5,035€/m² +21.9%
The Avenue
5,192€/m² +25.7%
Visconde 320
5,214€/m² +26.2%
Laetitia Living
5,408€/m² +30.9%
Fernão Magalhães 2743
6,000€/m² +45.3%
Local supply
This project has 1 unit total — 0.2% of all new dwellings licensed in the area.
- Studio/1BR 307 zone 0 here —
- 2BR 94 zone 1 here 1.1%
- 3BR 48 zone 0 here —
- 4+BR 1 zone 0 here —
Location & neighbourhood
Paranhos, Porto
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Tap a question to see the answer — sourced from Google Places & Routes for this project's exact coordinates.
Units
1 unit · 1 available (100%) · €2,193–2,193/m²
| Typology | Floor | Area | Price | €/m² | Plan | Status |
|---|---|---|---|---|---|---|
| 2BR Last | 0 | 212 m² | €465,000 | €2,193 |
|
Available |
Mortgage Simulator
Default: cheapest of 1 units — drag for larger units in this project
Portugal national rate · 2026-05-31
Estimated monthly payment
on a loan
Financing
- Property price
- Down payment · 20%
- Loan amount
One-off costs at purchase
- IMT
- 34,875€
- Stamp duty (IS)
- 3,720€
- Notary & registry
- Free with Numeralis 1,000€
Estimated monthly rent
2,495€
INE Paranhos · 2024
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