5 bedroom house for sale
Portugal - Funchal, Madeira
like this property?Call: 03339 396426
- Located in a tranquil and up-market residential area in Boa Nova
- Served by a regular bus line and just three minutes from the motorway
- Five generously sized bedrooms, most with ensuite bathrooms
- Open plan living/dining with marble floors
- Family kitchen, fully fitted, has an adjacent pantry
- The 892 sq. m. property offers two driveway entrances
- The house was completely modernized in 2011.
The 892 sq. m. property offers two driveway entrances, both with motorized gates and paved with the traditional granite pebbles ´Calçada Portuguesa´. Water features in the back garden welcome you to the property. The northern access is usually the one used for guests as the south entrance leads into the garage on the basement level of the house.
Despite being built 25 years ago, the house was completely modernized in 2011. Two years ago, new windows with double glazing and aluminium shutters were installed to replace the outdated wooden ones.
The main entrance door opens up to an extensive entrance hall with marble floor and the main staircase at the back. To the east the traditional family kitchen, fully fitted, comprises an adjacent pantry and offers a breakfast area with views south & a direct access to the barbecue area. At this level, the property features a generous bedroom with a private varanda south and an ensuite shower bathroom, that way being very handicap friendly.
To the southwest lies a bright open plan living/dining area with wooden floors. A guest wc completes the accomodation at this level.
The main staircase, paved also in marble, features direct natural sunlight provided by various vertical windows and also a wooden handrail.
The upper floor comprises the master suite to the west, which features a private balcony facing south and a private shower bathroom, and three further bedrooms, one of them currently used as an office. As refered above, only two of the bedrooms share the same bathroom. All of the others have ensuite bathrooms. The bedrooms all feature extensive fitted wardrobes.
In the basement, an extensive games room with a snooker table and a fully fitted bar offer a cosy space for winter nights next to the fireplace. This level also features a guest WC and a technical area with the 300 litre boiler. There is a storage room in the garage and currently a laundry space, which used to be next to the kitchen.
Another peculiarity about this property is the barbecue area next to the mature avocato tree in the garden. Fully fitted with a fridge, a bread stove and a guest WC, the barbecue features a charming wooden ceiling and wide windows.
There is also an extensive garden storage next to the kitchen garden.
The property is just within a 15 minutes drive from the Madeira International Airport through the motor way, 10 minutes from Funchal and 5 minutes from the Palheiro Golf Course.
Energy rating: 152D
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, registration 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.
- Funchal (INTERNATIONAL), 8.5 miles
*Distances are straight line measurements. This feature is currently in beta.