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House with fabulous views of the bay of Funchal - Livramento, Funchal
Funchal, Ilha da Madeira, Portugal, 9000-100
REF: 865781
€1,190,000
Description
Investment Opportunity PRIME LOCATION AND ELEVATION
Nestled in a desirable area at an altitude of 340m, this magnificent villa, built in 1991, offers three floors of spacious living with breathtaking, unobstructed views.
EXCELLENT LIVING SPACE
5 Bedrooms & 4 Bathrooms: Perfectly positioned south-facing rooms for abundant natural light.
Expansive Living Room: 30.38m of comfort and elegance.
Modern Kitchen: A generous 20.96m space ideal for culinary adventures.
Fireplace: Cozy up in the inviting ambiance of the living area.
Balconies Galore: Multiple balconies offering stunning bay views.
VERSATILE
Room to Grow: Potential to build a pool and elevate the luxury experience.
Spacious Layout: Includes two additional versatile rooms.
Convenient Access: Close to public services for ease of living.
RENTAL INCOME AND EXPANSION POTENTIAL
Five Rental Units: Already generating income with established tenants.
Separate Garage: Additional space for parking or storage.
Dual Road Access: Convenient entry from two different roads.
IDEAL FOR BUSINESS VENTURE
With its prime location, spectacular views, and extensive amenities, this villa is perfect for a bed and breakfast or apartment rentals.
Transform this property into a thriving business while enjoying the serene, picturesque surroundings.
Don't miss out on this exceptional opportunity to own a piece of paradise with immense potential! Contact us today to schedule a viewing and explore the endless possibilities this villa has to offer.
Investment Opportunity PRIME LOCATION AND ELEVATION
Nestled in a desirable area at an altitude of 340m, this magnificent villa, built in 1991, offers three floors of spacious living with breathtaking, unobstructed views.
EXCELLENT LIVING SPACE
5 Bedrooms & 4 Bathrooms: Perfectly positioned south-facing rooms for abundant natural light.
Expansive Living Room: 30.38m of comfort and elegance.
Modern Kitchen: A generous 20.96m space ideal for culinary adventures.
Fireplace: Cozy up in the inviting ambiance of the living area.
Balconies Galore: Multiple balconies offering stunning bay views.
VERSATILE
Room to Grow: Potential to build a pool and elevate the luxury experience.
Spacious Layout: Includes two additional versatile rooms.
Convenient Access: Close to public services for ease of living.
RENTAL INCOME AND EXPANSION POTENTIAL
Five Rental Units: Already generating income with established tenants.
Separate Garage: Additional space for parking or storage.
Dual Road Access: Convenient entry from two different roads.
IDEAL FOR BUSINESS VENTURE
With its prime location, spectacular views, and extensive amenities, this villa is perfect for a bed and breakfast or apartment rentals.
Transform this property into a thriving business while enjoying the serene, picturesque surroundings.
Don't miss out on this exceptional opportunity to own a piece of paradise with immense potential! Contact us today to schedule a viewing and explore the endless possibilities this villa has to offer.
Read More
Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9000-100
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 €1,190,000 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 |
|---|---|---|---|
| €1,190,000 | £985,689 | £1,022,746 | £37,057 |
| Property Price € | €1,190,000 |
| Minimum cost in the last six months | £985,689 |
| Maximum cost in the last six months | £1,022,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,057 |
Funchal, Ilha da Madeira, Portugal, 9000-100
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 €1,190,000 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 |
|---|---|---|---|
| €1,190,000 | £985,689 | £1,022,746 | £37,057 |
| Property Price € | €1,190,000 |
| Minimum cost in the last six months | £985,689 |
| Maximum cost in the last six months | £1,022,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,057 |
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 £37,057 more.
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