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Magnificent 10-Room House with Pool and Garden - Sea View in Funchal, Madeira House Area: 338
Funchal, Ilha da Madeira, Portugal
REF: 738406
€1,300,000
Description
Magnificent 10-Room House with Pool and Garden - Sea View in Funchal, Madeira House Area: 338.5 sqm Plot Size: 463 sqm Three furnished and equipped apartments Panoramic view of the sea and Funchal Bay Restored traditional architecture Close to the beach and amenities This exceptional house, dating back to before 1950, is a true gem of Madeira's traditional architecture. It has been completely restored and transformed into three furnished apartments, offering a unique opportunity for seasonal rental or for a large family. Located in a privileged residential area, it provides unparalleled proximity to the sea. The house is spread over three floors, with an independent apartment on each floor. The top floor includes a 4-room apartment with three bedrooms, an open-plan kitchen leading to a bright living room that opens onto a 17 sqm balcony with breathtaking views of the sea and the bay. It also has two full bathrooms, a laundry room, and a canopy. The 3-room apartment on the intermediate floor includes two bedrooms, a full bathroom, a kitchen, and a spacious open-plan living room with a balcony offering a wonderful view of the sea. The ground floor houses a 2-room apartment with one bedroom, a full bathroom, an open-plan kitchen leading to the living room, and access to the tropical garden with a pool. This area also includes an additional bathroom with an independent entrance. The property also features a typical belvedere accessible from all intermediate floors, as well as a pool house currently used as a small office. This house is a unique investment opportunity, whether for seasonal rental or for a large family. It is located in one of the most sought-after residential areas in Funchal, offering rare tranquility near the sea. Additionally, you will be just a 5-minute walk from Barreirinha Beach, known for its crystal-clear waters, and a 10-minute walk from Funchal's historic city center, the Lavradores Market, and all amenities. Public transportation is easily accessible, and access to the highway is only a 5-minute drive away. Don't miss this exceptional opportunity to live or invest in this magnificent property in Funchal, Madeira. Contact me now to schedule a visit. I speak French, English, and Italian. I share with all agencies on a 50%/50% basis. #ref: 105118
Magnificent 10-Room House with Pool and Garden - Sea View in Funchal, Madeira House Area: 338.5 sqm Plot Size: 463 sqm Three furnished and equipped apartments Panoramic view of the sea and Funchal Bay Restored traditional architecture Close to the beach and amenities This exceptional house, dating back to before 1950, is a true gem of Madeira's traditional architecture. It has been completely restored and transformed into three furnished apartments, offering a unique opportunity for seasonal rental or for a large family. Located in a privileged residential area, it provides unparalleled proximity to the sea. The house is spread over three floors, with an independent apartment on each floor. The top floor includes a 4-room apartment with three bedrooms, an open-plan kitchen leading to a bright living room that opens onto a 17 sqm balcony with breathtaking views of the sea and the bay. It also has two full bathrooms, a laundry room, and a canopy. The 3-room apartment on the intermediate floor includes two bedrooms, a full bathroom, a kitchen, and a spacious open-plan living room with a balcony offering a wonderful view of the sea. The ground floor houses a 2-room apartment with one bedroom, a full bathroom, an open-plan kitchen leading to the living room, and access to the tropical garden with a pool. This area also includes an additional bathroom with an independent entrance. The property also features a typical belvedere accessible from all intermediate floors, as well as a pool house currently used as a small office. This house is a unique investment opportunity, whether for seasonal rental or for a large family. It is located in one of the most sought-after residential areas in Funchal, offering rare tranquility near the sea. Additionally, you will be just a 5-minute walk from Barreirinha Beach, known for its crystal-clear waters, and a 10-minute walk from Funchal's historic city center, the Lavradores Market, and all amenities. Public transportation is easily accessible, and access to the highway is only a 5-minute drive away. Don't miss this exceptional opportunity to live or invest in this magnificent property in Funchal, Madeira. Contact me now to schedule a visit. I speak French, English, and Italian. I share with all agencies on a 50%/50% basis. #ref: 105118
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Currency Exchange
Funchal, Ilha da Madeira, Portugal
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,090,830 | £1,121,328 | £30,498 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,090,830 |
| Maximum cost in the last six months | £1,121,328 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,498 |
Funchal, Ilha da Madeira, Portugal
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,090,830 | £1,121,328 | £30,498 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,090,830 |
| Maximum cost in the last six months | £1,121,328 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,498 |
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 £30,498 more.
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