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2 bedroom house for sale

€150,000

Portugal - Funchal (Santa Maria Maior), Funchal, Madeira

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Call: 03339 390422

Key features:

  • Reference: 193
  • Total area: 0m2
  • Useful area: 0m2
  • Plot area: 0m2
  • Garage

Full description:

Traditional house located in Funchal with magnificent views.
In need of renovation but with huge potential for a quaint holiday home in the outskirts of Funchal in a quite residential area.
Easy access.
2 bedroom HOUSE located in Funchal FOR SALE.
FREEHOLD.
Property on ONE FLOOR.
NEGOTIABLE
Close to the Botanical Gardens, public transport and highway.
Garden
Spectacular views to the ocean.
Weather - (Normal Temperatures) warm summers and mild winters
Dec - May Between 16º C and 17ºC
June - November Between 19ºC and 20ºC
City Centre (Funchal) is about 15 minutes away.
Airport is about 25 minutes away.
The civil parish of Santa Maria Maior was the birth place of the city of Funchal. Santa Maria Maior iis rich with the history of Madeira. Rua de Santa Maria, the oldest street on Madeira Island, is located in this civil parish. The civil parish of Santa Maria Maior was established in 1577. Today, Santa Maria Maior has relevant hotel units and a much diversified catering offer. In fact, you can find restaurants offering you the typical food of the region as well as those offering international gastronomy. In addition, Santa Maria Maior has a few museums you can visit, such as the Electricity Museum. The place where formerly football was played, called Campo Almirante Reis, has been transformed in a garden and is now an arrival and departure point of Monte cable car. An opportunity to acquire a development site within the historic area of Santa Maria Maior, rich with history and yet modern in vibe
BY APPOINTMENT ONLY
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
MORTGAGES
Regarding the financing, from a financial institution in order to buy a property, several types of assessment are necessary:
• Expert assessment to determine the value of the property - undertaken by an independent expert working with the bank.
• Age and medical records - so that the bank can determine if it is likely that the loan repayments will be met.
• Income records - to determine if the applicant has the economic capacity to meet the repayments in the long run The expert assessment fees are included in the charges made by the bank for the mortgage application. What is necessary to apply for a mortgage in Portugal?.
• Property blueprints.
• Income records.
• Life insurance (Seguros da Vida) to cover the terms of the mortgage.
• Valid passport and identity card (Passaporte e Carta de Identidade).
• Residency card (Cartão de Residencia).
• Bank statements for several months proving receipt of income .
• Medical examination (Atestado Medico) for insurance purposes.
NON HABITUAL TAX RESIDENT INCENTIVE
A Non-Habitual Resident ('NHR') will be exempt from personal income tax on certain types of qualifying income if this income is subject to tax in the country of source under an existing Double Tax Treaty that allows for this or, if no Tax Treaty exists, were subject to tax in another jurisdiction and are not considered as Portuguese source income under domestic rules. Certain types of qualifying income under the regime will also benefit from a double tax exemption i.e. an exemption in Portugal and in the source jurisdiction. A special flat rate of 20% is also applicable for certain types of income arising from a number of highly qualified activities.
Pensions, dividends, royalties and interest from non-Portuguese sourced income are exempt from personal income tax in Portugal. Certain types of salaries, provided they are paid from a non-Portuguese source, can also be exempt from tax.
Any individual who has his habitual residence in Portugal or who spends more than 183 days in Portugal in the tax year, which runs from 1st January to 31st December or has a dwelling in Portugal at 31 December of that year with the intention to hold it as his habitual residence, and has not been taxed in Portugal, as tax resident, in the previous five years.
You may apply when you have become a Portuguese tax resident or before 31st March of the following tax year. Successful NHRs will have access to all the benefits of an ordinary Portuguese tax resident including healthcare.
Rental is an option under the NHR regime. As occurs when you purchase a property, if you are renting a property you may be required from tax authorities to provide evidence of your address in Portugal, which can be done through providing a copy of your rental contract.
After your registration as a NHR in Portugal you are able to request an international certificate of residence to the Portuguese tax authorities. This document then has to be sent to the tax authorities of source of income and that should enable you to be exempt of tax in that jurisdiction, unless a withholding tax applies.
Energy Rating: E
#ref:193

Rooms
 Bathroom (s): 1
 Total bedroom(s): 2
Surroundings
 Highway
 City Center
 School
 Green areas
 Pharmacy
 Supermarket
 Police
Infrastructures
 Garage: 1

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

Nearest Airports*

  • Funchal (International), 13.7 miles

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

To view this property or request more details, contact
Prime Properties Madeira Real Estate, Madeira

Estrada Monumental No 211 Sao Martinho Madeira
03339 390422  Local call rate
About Prime Properties Madeira Real Estate, Madeira

Prime Properties Madeira Real Estate

License Number:11097

Passion. Commitment. Vision.
Prime Properties Real Estate is an international network with uncompromising dedication to exemplary service. We expertly facilitate both buyer and sellers in accomplishing their real estate objectives.
We provide our clients with exceptional services in terms of attention, resources, and transaction management. We continuously enhance our marketing services by focusing our time and energy on the development of a full spectrum of local and worldwide marketing efforts. We understand the unique mindset of all our clients seeking distinctive homes or vacation homes. Our staff possess the qualities of integrity, dedication and after sales care. These are the traits that set Prime Properties Madeira Real estate apart from other realty agencies.
For every cliente we will strive to help them achieve their dreams. We are grateful and inspired to be working with a select team of professionals whom we believe are the most capable, honest and hardworking in the country. We love to help our customers find a house that can become their home, their successful investment. We are devoted to our family, our colleagues and our community. We are proud to offer what we feel are the finest homes in Madeira.
Our properties include villas, houses, “quintas”, apartments, townhouses, plots of land, commercial businesses such as restaurants, café´s, bars etc

Our services include
- Advertising of properties both nationwide and internationally.
- Renting of properties.
- Mortgage orientation.
- After sales care and orientation.


Disclaimer

This is a property advertisement provided and maintained by Prime Properties Madeira Real Estate, Madeira (reference 67182_3077872) 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:

or call 03339 390422
Calling from outside the UK? 00351968293752

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