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5 bedroom house for sale

€1,200,000

Portugal - Funchal, Madeira

like this property?

Call: 03339 396426

Key features:

  • Established residential area, close to the city centre, home to many of the iconic Quintas or manor houses
  • Panoramic views over the city, mountains and ocean
  • Privacy and tranquillity in central Funchal
  • Traditional, comfortable and full of charm, character and history
  • Spacious and bright interior areas, modernly decorated but with traditional details
  • Extensive and private gardens
  • Levada water available for garden irrigation
  • Excellent potential for development of attached plot of land
  • Solar panels for domestic hot water

Full description:

Judging from the exterior facade, one can not imagine the elegance and cheerfulness of this property. This traditional family house has retained its charm and history, whilst surrounded by a mature and spacious garden. Set in an established residential area in Funchal, home to many of the iconic Quintas or manor houses, and just 5 minutes from the centre of town, the house was originally built in 1921.

The main entrance opens up to the reception room next to the dining and living area, which can be separated by closing the sliding wooden and glass doors popular in this period. Very fresh and bright, the elegant living areas have hand-worked ceilings, solid wooden "Casquinha" floors throughout and traditional wooden windows with interior shutters. All the interior doors and carpentry is painted white.

The kitchen, with views to the gardens, is fully fitted and has a direct access to the dining room, to the gardens and to the service stairs that lead to the basement and to the upper floors. A guest WC completes the accommodation on this floor.

A skylight provides natural light to the stairs, as we access the upper floors. The first floor comprises a spacious office/Tv room with magnificent views to the garden, whilst the master suite offers panoramic views over Funchal harbour. There are also two further bedrooms and a generous family bathroom on this level.

The attic floor has three further rooms with a shared bathroom, two of which were transformed into bedrooms for guest accommodation. The roof terrace also offers the best spot to enjoy the New Year's fireworks.

In the basement, the property houses a laundry, a cellar, a technical area as well as three other multipurpose rooms, that can be used as storage or housekeeping accommodation. The house still has a functional traditional bread stove in the basement.

The 2.350 sq. m. property includes a plot of land, currently used as a kitchen garden, which could accommodate a generous sized pool, or could easily be separated from the main house to build a guest cottage. The availability of the 'Levada' water, stored in a irrigation tank, guarantees the irrigation of the gardens all year around. Domestic hot water is guaranteed by 300 l solar panels. There is also a detached garage for two cars.

DESTINATION MADEIRA

For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages of Madeira Island :

• Sub-tropical climate - warm & pleasant year round
• Natural beauty - dramatic scenery, lush & colourful, known as the "Garden of the Atlantic"
• Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon
• Protected environment - 70% of the island is protected parkland & forest
• Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
• Tourist infrastructure - long known as a quality tourist destination, with lots to see & do• Quality of life - a friendly, safe & clean place to visit and to live in (Note: one of the lowest incidences of crime in Europe)

Legal and fiscal situation
• Property transfer taxes - IMT tax, Stamp duty, reigistration and notary fees - max. 7%
• Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
• Capital gains tax - Flat 25% tax levy on all capital gains effected by non-residents.
• Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF €500.000
• Non-Habitual Resident's Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Funchal (International), 8.5 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
03339 396426  Local call rate
About ImoPalheiro Lda, Palheiro Estate, Madeira

The Palheiro Estate

Located on a prime hilltop site overlooking the sophisticated capital of Funchal, the 130 hectare Palheiro Estate, has grown from an early 19th century hunting lodge and summer retreat for nobility into a sophisticated, low density resort destination.

Palheiro benefits from an unrivalled location, on the one hand its elevated position gives stunning views over the city and harbour, yet it is only ten minutes by car to the city centre, with its elegant mix of historic buildings and modern shopping. On the other hand, it is only fifteen minutes to the international airport, with direct flights to over 40 European destinations.

Madeira

Madeira is a small island (50 km long) located 900 km. south-west of Portugal and 600 km. off the North African coast.

For over 200 years, Europe's elite have been drawn to the archipelago of Madeira, enjoying the reliable, year-round fine weather and dramatically beautiful landscapes. The waters surrounding the island are warm and the winding coastline provides many opportunities to enjoy them. Savvy second home purchasers are aware that Madeira, which can be easily reached in around three hours via direct flights from the UK, Ireland and mainland Europe, is an ideal alternative to long haul destinations for sun seekers, offering year round rental opportunity as well as a superb second home location.


Disclaimer

This is a property advertisement provided and maintained by ImoPalheiro Lda, Palheiro Estate, Madeira (reference QtaLevStaLuzia) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

ImoPalheiro Lda, Palheiro Estate, Madeira

Rua do Balancal nº. 29 São Gonçalo 9060-414 Funchal Madeira
or call 03339 396426
Calling from outside the UK? 00351291794015

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