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on the ocean front for sale
Funchal, Ilha da Madeira, Portugal, 9054-533
REF: 792763
€1,600,000
Description
Unique villas in a quiet area of Funchal with a wonderful view over the ocean Unique opportunity in the heart of Funchal, where potential meets seaside splendour. This house sold together, offer an incredible view of the ocean and are located on the first line of the sea, in the center of Funchal. Although in need of a renovation, they represent a blank canvas to transform into a stunning coastal getaway.
Key features:
Privileged Location: The houses are located in the center of Funchal, on the first line of the sea. The proximity to local shops, restaurants, and the vibrant atmosphere of the city are second to none.
Panoramic Sea View: Enjoy stunning views of the Atlantic Ocean. The spacious terraces provide the perfect setting to relax outdoors and take in the skyline.
Seven Spacious Bedrooms: With a total of seven bedrooms, the homes offer a variety of options for accommodation and customization according to the needs of the new owner.
Potential for Renovation: While homes are in need of renovation, this is an exciting opportunity to create a truly unique and personalized property. Let your creativity flow and transform these homes into the beachfront residence of your dreams.
This is a strategic investment opportunity for those looking for a unique property in the centre of Funchal, with great potential for appreciation after renovation.
These two houses represent more than a property for sale; They are a blank canvas to create an exceptional coastal residence, where every sunrise and sunset will be an unforgettable experience. Explore the potential and discover your seaside getaway in the heart of Funchal.
Unique villas in a quiet area of Funchal with a wonderful view over the ocean Unique opportunity in the heart of Funchal, where potential meets seaside splendour. This house sold together, offer an incredible view of the ocean and are located on the first line of the sea, in the center of Funchal. Although in need of a renovation, they represent a blank canvas to transform into a stunning coastal getaway.
Key features:
Privileged Location: The houses are located in the center of Funchal, on the first line of the sea. The proximity to local shops, restaurants, and the vibrant atmosphere of the city are second to none.
Panoramic Sea View: Enjoy stunning views of the Atlantic Ocean. The spacious terraces provide the perfect setting to relax outdoors and take in the skyline.
Seven Spacious Bedrooms: With a total of seven bedrooms, the homes offer a variety of options for accommodation and customization according to the needs of the new owner.
Potential for Renovation: While homes are in need of renovation, this is an exciting opportunity to create a truly unique and personalized property. Let your creativity flow and transform these homes into the beachfront residence of your dreams.
This is a strategic investment opportunity for those looking for a unique property in the centre of Funchal, with great potential for appreciation after renovation.
These two houses represent more than a property for sale; They are a blank canvas to create an exceptional coastal residence, where every sunrise and sunset will be an unforgettable experience. Explore the potential and discover your seaside getaway in the heart of Funchal.
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Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9054-533
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
Funchal, Ilha da Madeira, Portugal, 9054-533
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 £49,824 more.
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