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Property for sale information

 
Stunning Madeiran Villa  
Reference nr: EJ844718
Description:

This beautiful Madeiran Villa sits on an escarpment above Magdalena da Mar and Arco da Calheta with 360° views to the mountains above and the sea below.

Situated only 40 minutes from Funchal, 10 minutes from the marina and golden beach of Calheta and 10 minutes walk from the levada du norde, this villa offers those looking for a peaceful home with stunning views a wonderful opportunity to move in immediately.

Key Facts
• The villa comprises 3 bedrooms, one double with en-suite, one twin with separate family bathroom and a first floor twin room with ensuite and balcony.
• The property benefits from a small garden and balconies with BBQ area and comfortably sleeps 8 people.
• Sold fully furnished. Renault Clio (diesel) also for sale.
• Huge 3 car garage with wood store( fully stocked) for those cosy winter fires
• Solar power for hot water.
• No council rates to pay until 2012.
• The town of Calheta which is just a few minutes has a supermarket, local bakery and restaurants. The local golden sand beach and levada walks are within minutes of the property.
• Studio flat with separate entrance with excellent rental potential
• Funchal airport is just an hours drive away.
• House swap in the UK considered for the right price.

Bedrooms: Bathrooms: Price (€):
3 3 370,000
Features:
Furnished
Submission Date:
07-01-2010
Last Update:
07-01-2010
Advertiser Details:


Name:
Emma Johnston

Company:
A World Overseas

Phone:
00 44 1423 55 22 20
Fax:

Mobile:

 
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Calculators

 
Property price: €370,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations