Magnicient three bedroom home with amazing sea views.
The distinction, balance and quality of contemporary design, carefully personalized.
Located in a priveledged area with quick access to the city center and expressway. A spacious lounge and dining room on the lower floor as well as a bathroom.
The kitchen is bright and unite in a perfect trace the form, function and design, fresh lacquer contrasts with the warmth of wood creating a harmonious whole. An abundance of natural light in every room. An office. Every element of this extraordinary house has been designed, built and finished tastefully. The property can quite easily accomodate a swimming pool. Parking area for two cars. The main kitchen, slightly small can be extended as presently another gourmet kitchen is used for daily baking and cooking. All three bedrooms have their own private bathrooms and light and airyfinishings and features. The top floor has a breathtaking view of the Funchal harbour. Wide staircases. Given the prime location the house has access to public transport, pharmacies, local shops while regular local bus services provide easy access to the center of Funchal. By foot a 10 minute walk and by car a 3 minute drive.
Other Services close by
- Easy walkways /promenades
- Taxis, buses
This would be an ideal holiday home as well as perfect property investment . These types of properties are highly in demand for city's growing number of professionals and holidaymakers. Their proximity to city centre and also neighbouring touristic regions make them ideally located for year round living with of activities and pastimes year round.
The civil parish of Imaculado Coração de Maria is located very close to the city of Funchal.
It is on this road that on the crossing with Rua da Levada, that the civil parish's church is located: the church of Imaculado Coração de Maria, with a modern architecture.
It is also the road that takes us to Monte, Terreiro da Luta, Poiso and Pico do Areeiro.
The civil parish is characterised mainly for having many historical homes. The climate is mild throughout the year, with average temperatures between 15 º and 25 º C.
Mortgages - Non Residents
The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on ''affordability''.
If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year's management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns.
The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower.
The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it's approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property. The Bank will recommend an assignment over a suitable life policy.
It will also be a condition of the loan that the property is insured for it's full replacement value and the Bank's interest noted thereon.
Valuation of property
Approval of any loan application will depend upon the Bank's valuers providing a favourable report on the property, the cost of which will be borne by the applicant.
Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank's lawyers with all legal fees to be borne by the applicant.
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.