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3 bedroom house for sale

Portugal - Funchal, Madeira

€850,000

like this property?

Call: 03339 396426

Key features:

  • Established residential area, close to the old town and city centre
  • Within a walking distance of all facilities
  • Original solid stone walls
  • Generous size bedrooms with solid wooden floors
  • Modern decoration combined with classical art pieces
  • Exterior floor with 'calçada portuguesa' (basalt stones and marble drawings)
  • External areas easily maintained
  • Alfresco dining area with stunning views
  • An inviting family home

Full description:

Set in an established residential area of Funchal within walking distance of the old town, and only 5 minutes drive from Palheiro Golf, this elegant Villa is characterized by its simple but unique layout. The house was originally built around 1939, totally renovated in 2005, and has been maintained to a very high standard by its current owners who have added a modern touch to contrast with the classical details.

The main door opens up to a spacious hall with a solid wooden floor, which is present in all rooms, and has a mix of contemporary and classical art pieces. The living area, to the left, has a red sofa and an oriental style coffee table that match the rest of the interior decoration. The elegant dining room, one wall clad with mirrors, follows before you enter the kitchen, fully fitted with modern appliances.

A games room/library, a conservatory which has been turned into a office, and a guest WC complete the accomodation on this floor.

All bedrooms, with generous areas, are on the upper floor. The master bedroom with ensuite bathroom has a private balcony facing towards the city centre and the ocean. The other two bedrooms have a shared bathroom.

This historical villa, which still has its original stone walls, features an exterior jacuzzi, and a hand-crafted outside dining table located to the south-west of the house, where you can enjoy the view of the sunset over the old town and city, whilst having a late meal. The exterior paving features 'calçada portuguesa', typical drawings made with small basalt stones and, in this case, contrasting with white marble pebbles.

This historical villa has a garage space underneath the front terrace, and a second vehicle access to the east onto the ground floor level.

A charming and inviting property!



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 Historical) 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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