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3 bedroom house for sale

Portugal - Concelho Santa Cruz, Madeira

€545,000

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Call: 03339 396426
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Semi-rural: Half way between the airport and Santo da Serra golf course
  • Panoramic views towards the Ocean and the Desertas Islands
  • Very handicap friendly as two bedrooms are on the ground level
  • Currently three bedroom, but easily converted in a five bedroom family house
  • Third bedroom, at the first floor, shares the same ocean views south as the master suite
  • A wood burning stove in the open-plan living/dining area guarantees the heating
  • There is space for a swimming pool in the front lawn
  • This 4200 property has extra building capacity suitable for a tourism project or independent villas
  • The carport houses one car, but the driveway is wide enough for two extra parking spaces.
  • There are photo voltaic panels to produce electricity

Full description:

This is an unique family house with superb views towards the Atlantic Ocean and the Desertas Islands. This three bedroom villa offers a privileged location, tranquil and private, half-way between the centre of Santa Cruz, the city hosting the Madeira International Airport, and the woodlands close to the Santo da Serra Golf Course. Both are only a five minutes drive away. Funchal, the capital, is only twenty minutes by motorway.

It is fairly easy to miss the entrance to this family house. The driveway, descending from the regional road behind, keeps it very private.

The main entrance hall leads directly into the generously sized open-plan living/dining area. Full of light, this area offers panoramic views to the ocean through double glazed sliding doors that lead into the landscaped garden. The kitchen, fully fitted, lies to the rear. There is also a laundry on the ground floor.

Featuring a handicap friendly layout, the villa offers two generously sized bedrooms on the ground floor, one of them with ensuite bathroom and dressing area. There is another bathroom at this level. Most of the ground floor features solid wooden floors.

A majestic wooden staircase leads to the first floor, where the third bedroom is located. This shares the same panoramic views as the master suite on the ground floor. It also has an ensuite bathroom and a private veranda facing south.

This house could easily be converted into a five bedroom villa, as it has two further multipurpose rooms on the first floor, as well as an open-plan area which is currently used as an office. An extra bathroom still needs to be completed.

The barbecue area, to the east of the house, features a traditional bread oven. The property has a carport for one car, but the spacious driveway is wide enough for two extra parking spaces. It is possible to install a swimming pool in the lawn in front. There are some fruit trees, a herb garden and a small lake with ducks, situated on the agricultural part of the property.

The photo voltaic panels in front of the house produce energy which is fed into the electrical grid.

This 4200 property has extra building capacity suitable for a tourism project or independent villas.

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), 8.1 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 stcruz) 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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