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Unique Building Plot in São Gonçalo, Funchal
Funchal, Ilha da Madeira, Portugal, 9060-006
REF: 865892
€850,000
Description
A Rare Opportunity! With Approved Project! Discover an exceptional building plot in São Gonçalo, Funchal, spanning 1,186 sqm, complete with a fully approved project. This property stands out as one of the finest plots available in Funchal, offering a unique opportunity to create your dream home.
Situated directly at the renowned Miradouro do Pico de São Gonçalo, this plot provides breathtaking, unobstructed views of the entire city of Funchal, including the harbor, the Atlantic Ocean, and the majestic mountains beyond. The plot is located at the end of a quiet cul-de-sac, ensuring guaranteed ocean views and tranquility.
The surrounding area boasts modern, newly-built homes, contributing to a prestigious and desirable neighborhood.
The approved project features a stunning 350 sqm villa designed to the highest standards of contemporary luxury. This state-of-the-art home includes:
Three spacious suites
Open-plan lounge, dining area, and kitchen
Garage for two cars plus additional parking
Elevator
Office space
Swimming pool
Built-in jacuzzi
All living spaces are south-facing with expansive glass walls to maximize the spectacular views of the Atlantic Ocean and Funchal harbor. This location represents one of the most coveted spots for luxury living in the area.
Seize this rare opportunity to build a truly extraordinary home in one of Funchal s premier locations.
A Rare Opportunity! With Approved Project! Discover an exceptional building plot in São Gonçalo, Funchal, spanning 1,186 sqm, complete with a fully approved project. This property stands out as one of the finest plots available in Funchal, offering a unique opportunity to create your dream home.
Situated directly at the renowned Miradouro do Pico de São Gonçalo, this plot provides breathtaking, unobstructed views of the entire city of Funchal, including the harbor, the Atlantic Ocean, and the majestic mountains beyond. The plot is located at the end of a quiet cul-de-sac, ensuring guaranteed ocean views and tranquility.
The surrounding area boasts modern, newly-built homes, contributing to a prestigious and desirable neighborhood.
The approved project features a stunning 350 sqm villa designed to the highest standards of contemporary luxury. This state-of-the-art home includes:
Three spacious suites
Open-plan lounge, dining area, and kitchen
Garage for two cars plus additional parking
Elevator
Office space
Swimming pool
Built-in jacuzzi
All living spaces are south-facing with expansive glass walls to maximize the spectacular views of the Atlantic Ocean and Funchal harbor. This location represents one of the most coveted spots for luxury living in the area.
Seize this rare opportunity to build a truly extraordinary home in one of Funchal s premier locations.
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Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9060-006
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £713,422 | £733,176 | £19,754 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £713,422 |
| Maximum cost in the last six months | £733,176 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,754 |
Funchal, Ilha da Madeira, Portugal, 9060-006
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £713,422 | £733,176 | £19,754 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £713,422 |
| Maximum cost in the last six months | £733,176 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,754 |
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 £19,754 more.
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