The Internacional (00 351-22 200 5032, www.hotelinter nacionalporto.com) is actually mid-price, and rooms 209 and 309 have balconies. There's a 30 per cent discount if you book online - so £48 per room per night including breakfast.
Cheaper still. the 1930s-decor Hotel Peninsular (22 200 3012; £29) and the Residencial dos Aliados (22 200 4853; £26), which has decent views across a square.
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