Three bedroom house in the countryside

Santa Cruz, Ilha da Madeira, Portugal

For Sale

€475,000

REF: 865751 €475,000


3

Description

Three bedroom house located in the country side of Santa Cruz. If you re looking for green pastures, privacy.. look no further. Located in a quiet, residential area. The well presented house offers family friendly accommodation. With spacious bedrooms and a generous lounge with fireplace. Hearing throughout the house.

To the first floor is a generous landing space leading off into three bedrooms and family bathroom. One bedroom is a master suite with private bathroom and closet section. Extra room which is currently an office. Huge balcony in the master suite. Built in closets in all the bedrooms. Low ceiling lights for a warm cosy effect.

Laundry room. Gardens and huge greenhouse. Barbeque and entertainment section on the lower floor. Fancy a walk in the forest. Just step outside..There are some wonderful countryside walks on your door step for those that love the outdoor life Additional outbuildings include two warehouses which are not included in this particular purchase price but are currently being rented for income.

Warehouse 1 - 120m2 - 120 000 Warehouse 2 - 770m2 - 450 000 Mortgages - Non Residents The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on ""affordability"". If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year s management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns. The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower. Security The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it s approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property.

The Bank will recommend an assignment over a suitable life policy. It will also be a condition of the loan that the property is insured for it s full replacement value and the Bank s interest noted thereon. Valuation of property Approval of any loan application will depend upon the Bank s valuers providing a favourable report on the property, the cost of which will be borne by the applicant. Procedure Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank s lawyers with all legal fees to be borne by the applicant. ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE Discover the perfect home for you in Madeira, Portugal today! Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence.

Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
Three bedroom house located in the country side of Santa Cruz. If you re looking for green pastures, privacy.. look no further. Located in a quiet, residential area. The well presented house offers family friendly accommodation. With spacious bedrooms and a generous lounge with fireplace. Hearing throughout the house.

To the first floor is a generous landing space leading off into three bedrooms and family bathroom. One bedroom is a master suite with private bathroom and closet section. Extra room which is currently an office. Huge balcony in the master suite. Built in closets in all the bedrooms. Low ceiling lights for a warm cosy effect.

Laundry room. Gardens and huge greenhouse. Barbeque and entertainment section on the lower floor. Fancy a walk in the forest. Just step outside..There are some wonderful countryside walks on your door step for those that love the outdoor life Additional outbuildings include two warehouses which are not included in this particular purchase price but are currently being rented for income.

Warehouse 1 - 120m2 - 120 000 Warehouse 2 - 770m2 - 450 000 Mortgages - Non Residents The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on ""affordability"". If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year s management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns. The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower. Security The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it s approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property.

The Bank will recommend an assignment over a suitable life policy. It will also be a condition of the loan that the property is insured for it s full replacement value and the Bank s interest noted thereon. Valuation of property Approval of any loan application will depend upon the Bank s valuers providing a favourable report on the property, the cost of which will be borne by the applicant. Procedure Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank s lawyers with all legal fees to be borne by the applicant. ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE Discover the perfect home for you in Madeira, Portugal today! Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence.

Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
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Property on Map

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Currency Exchange

Santa Cruz, 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 €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 £398,677 £409,716 £11,039
Property Price € €475,000
Minimum cost in the last six months £398,677
Maximum cost in the last six months £409,716
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,039

Santa Cruz, 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 €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 £398,677 £409,716 £11,039
Property Price € €475,000
Minimum cost in the last six months £398,677
Maximum cost in the last six months £409,716
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,039

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 £11,039 more.

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