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5 Bedroom House for sale in Calheta
Calheta, Ilha da Madeira, Portugal, 9370-111
REF: 718409
€875,000
Description
Independent T5 villa is a spacious property located in a privileged area of Calheta, with breathtaking views of the sea and mountains. It is situated just 5 minutes from the local beach, providing a peaceful yet convenient lifestyle.
The house has a construction area of 266 sqm on a plot of 409 sqm. On the lower floor, you will find a spacious garage and a bathroom. The ground floor features a living room, kitchen, two bathrooms, and three bedrooms, one of which is a suite. On the upper floor, there is an additional living space with a living room, kitchen, bathroom, and two bedrooms, as well as two storage rooms. This configuration offers the opportunity to rent out the upper floor as it has a valid Local Accommodation (AL) license from the local municipality.
Additionally, the property has an annex with a kitchen and a laundry room. The outdoor spaces are extensive, with well-maintained gardens and a barbecue area, providing plenty of privacy. These outdoor areas are ideal for family gatherings and entertaining friends.
In summary, this T5 villa offers ample living space, stunning views, privacy, a privileged location, and the possibility to generate income from part of the property. It is an excellent opportunity for those seeking a spacious and well-located home in Calheta.
For more information, please do not hesitate to contact us.
Independent T5 villa is a spacious property located in a privileged area of Calheta, with breathtaking views of the sea and mountains. It is situated just 5 minutes from the local beach, providing a peaceful yet convenient lifestyle.
The house has a construction area of 266 sqm on a plot of 409 sqm. On the lower floor, you will find a spacious garage and a bathroom. The ground floor features a living room, kitchen, two bathrooms, and three bedrooms, one of which is a suite. On the upper floor, there is an additional living space with a living room, kitchen, bathroom, and two bedrooms, as well as two storage rooms. This configuration offers the opportunity to rent out the upper floor as it has a valid Local Accommodation (AL) license from the local municipality.
Additionally, the property has an annex with a kitchen and a laundry room. The outdoor spaces are extensive, with well-maintained gardens and a barbecue area, providing plenty of privacy. These outdoor areas are ideal for family gatherings and entertaining friends.
In summary, this T5 villa offers ample living space, stunning views, privacy, a privileged location, and the possibility to generate income from part of the property. It is an excellent opportunity for those seeking a spacious and well-located home in Calheta.
For more information, please do not hesitate to contact us.
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Currency Exchange
Calheta, Ilha da Madeira, Portugal, 9370-111
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €875,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €875,000 | £720,913 | £752,019 | £31,106 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £720,913 |
| Maximum cost in the last six months | £752,019 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,106 |
Calheta, Ilha da Madeira, Portugal, 9370-111
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €875,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €875,000 | £720,913 | £752,019 | £31,106 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £720,913 |
| Maximum cost in the last six months | £752,019 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,106 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £31,106 more.
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