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2 Bedroom Apartment with Ship View - under renovation
Funchal, Ilha da Madeira, Portugal, 9050-013
REF: 759687
€475,000
Description
2 bedroom apartment in the final stages of renovation, in the center of the Metropolis. Don't miss out on this opportunity in the stunning Madeira Island! Luxury requalification in an emblematic building by the renowned architect Chorão Ramalho.
Located in the centre of Funchal, overlooking the Sé Cathedral and the harbour area, this property is as classic as it is modern.
The refurbishment project aimed to completely overhaul the original layout of the property, making the rooms more spacious, more affordable and, above all, more comfortable.
Its layout incorporates two suites (with en-suite bathrooms) and a kitchen open to the dining room. The living room is designed to be transformed into a fully independent room, insulable through sliding wood panels, incorporating a wardrobe to support this multifunctional space.
The project also included an increase in the balcony space for a more convenient use of the outdoor space, without compromising the interior area.
All the interior design respects the architectural concept of Japanese modernism and brutalism, widely used by the author of the work. The use of superior quality materials and finishes, such as wood, exposed concrete, stone, metal and glass, affirm this style, giving the property a modern and extremely welcoming touch.
Embrace a lifestyle of comfort, convenience, and stunning views. Book a visit today and experience first-hand the allure of this charming apartment in the heart of Funchal.
2 bedroom apartment in the final stages of renovation, in the center of the Metropolis. Don't miss out on this opportunity in the stunning Madeira Island! Luxury requalification in an emblematic building by the renowned architect Chorão Ramalho.
Located in the centre of Funchal, overlooking the Sé Cathedral and the harbour area, this property is as classic as it is modern.
The refurbishment project aimed to completely overhaul the original layout of the property, making the rooms more spacious, more affordable and, above all, more comfortable.
Its layout incorporates two suites (with en-suite bathrooms) and a kitchen open to the dining room. The living room is designed to be transformed into a fully independent room, insulable through sliding wood panels, incorporating a wardrobe to support this multifunctional space.
The project also included an increase in the balcony space for a more convenient use of the outdoor space, without compromising the interior area.
All the interior design respects the architectural concept of Japanese modernism and brutalism, widely used by the author of the work. The use of superior quality materials and finishes, such as wood, exposed concrete, stone, metal and glass, affirm this style, giving the property a modern and extremely welcoming touch.
Embrace a lifestyle of comfort, convenience, and stunning views. Book a visit today and experience first-hand the allure of this charming apartment in the heart of Funchal.
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Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9050-013
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 €475,000 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 |
|---|---|---|---|
| €475,000 | £391,353 | £402,848 | £11,495 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £391,353 |
| Maximum cost in the last six months | £402,848 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,495 |
Funchal, Ilha da Madeira, Portugal, 9050-013
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 €475,000 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 |
|---|---|---|---|
| €475,000 | £391,353 | £402,848 | £11,495 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £391,353 |
| Maximum cost in the last six months | £402,848 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,495 |
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 £11,495 more.
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