Property with Potential in Santo Antônio! We present a unique opportunity: a single-story house with 2 bedrooms, on a generous plot of 690 m², located in the quiet parish of Santo António

Funchal, Ilha da Madeira, Portugal

For Sale

€680,000

REF: 917220 €680,000


2

1

65 m2

690 m2

Description

Property with Potential in Santo Antônio! We present a unique opportunity: a single-story house with 2 bedrooms, on a generous plot of 690 m², located in the quiet parish of Santo António. This property stands out for its strategic location, with easy access and excellent sun exposure throughout the day.

Although the existing house requires complete renovation, the land offers high construction potential, according to the Municipal Master Plan (PDM). Whether you want to create your dream home or invest in a larger project, this is an excellent option for those looking for versatility and value for money.

Property Highlights: - Large land with 690 m² and possibility of construction. - Privileged location in Santo Antônio, with good accessibility and nearby services. - Excellent sun exposure, ideal for creating bright and comfortable environments. - Single storey house with 2 bedrooms, ready for renovation to your liking. - Potential for own housing or investment with high return. - Transform this property into a unique project! Get in touch to find out more. ✨ #ref: 130313
Property with Potential in Santo Antônio! We present a unique opportunity: a single-story house with 2 bedrooms, on a generous plot of 690 m², located in the quiet parish of Santo António. This property stands out for its strategic location, with easy access and excellent sun exposure throughout the day.

Although the existing house requires complete renovation, the land offers high construction potential, according to the Municipal Master Plan (PDM). Whether you want to create your dream home or invest in a larger project, this is an excellent option for those looking for versatility and value for money.

Property Highlights: - Large land with 690 m² and possibility of construction. - Privileged location in Santo Antônio, with good accessibility and nearby services. - Excellent sun exposure, ideal for creating bright and comfortable environments. - Single storey house with 2 bedrooms, ready for renovation to your liking. - Potential for own housing or investment with high return. - Transform this property into a unique project! Get in touch to find out more. ✨ #ref: 130313
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Property on Map

#130313

Currency Exchange

Funchal, 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 €680,000 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
€680,000 £560,252 £590,301 £30,049
Property Price € €680,000
Minimum cost in the last six months £560,252
Maximum cost in the last six months £590,301
Fluctuating exchange rates over the last six months could have increased the cost of this property by £30,049

Funchal, 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 €680,000 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
€680,000 £560,252 £590,301 £30,049
Property Price € €680,000
Minimum cost in the last six months £560,252
Maximum cost in the last six months £590,301
Fluctuating exchange rates over the last six months could have increased the cost of this property by £30,049

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 £30,049 more.

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