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Property for sale information

 
Beautiful Traditional Madeira Home  
Reference nr: CL00292
Description:

NEW! BEAUTIFUL TRADITIONAL MADEIRA HOME!

135m2 of living space!

Modern yet rustic, three bedroom two storey fullly detached house in Garachico,
city of Câmara de Lobos.

This home is in it´s last stages of construction and promises to be absolutely stunning.

Gorgeous stone walls decorate both the interior and exterior of the home and the interior
colour scheme selection gives it that country feel.

Panoramic view of the ocean and surrounding areas and ample gardens are some of the
bonuses this home has to offer.

At only minutes from downtown and a short distance from Funchal city, Câmara de Lobos
is close to many of your day to day amenities.



Further information on Câmara de Lobos . . .

This city is about 7 km from Funchal and is an important fishing centre in the archipelago.

On his first trip to Madeira in 1950, Winston Churchill, one of the island’s most famous and distinguished visitors, was enchanted by this picturesque bay. The scenery, scattered with skiffs, nets and dried bonito, is typical of the fishermen’s daily life.

The village of Estreito de Câmara de Lobos belongs to the municipality of Câmara de Lobos. It is the largest area of Madeira wine vineyards. It is also here that the entertaining live grape harvests take place in September as part of the Madeira Wine Festival.

But there are other places in the municipality that are well worth visiting.

A little to the west of Cabo Girão, down by the sea at the bottom of about 300 metres of bare, dry rock, is a small fajã (name given to a piece of fertile land formed by a long-ago landslide). Although Fajã dos Padres has only 50 inhabitants, it is an excellent tourist spot offering nautical sports and a local cuisine rich in fish and shellfish. You can get to Fajã dos Padres by sea or by road, though if you go by road you will have to use a panoramic elevator. An unmissable experience!

Curral das Freiras lies in a deep valley. Though the valley looks like a volcanic crater, it is actually just the effect of erosion. This village boasts one of the most impressive landscapes of the island and its breathtaking views are the delight of everyone who goes there. It got its name, which literally means “Nuns’ Pen”, in 1560 as it served as a refuge for nuns from the Santa Clara Convent in Funchal, who were hiding from the French Lutheran pirates.

Don’t leave without trying the local speciality, chestnut liqueur, not to mention the chestnut bread, cake and soup.

Bedrooms: Bathrooms: Price (€):
3 1 423,000
Features:
City
Submission Date:
05-16-2008
Last Update:
10-15-2009
Advertiser Details:


Name:
Pedro Silva

Company:
Futurmade Overseas Real Estate

Phone:
351 291 22 12 48
Fax:
351 291 23 13 50
Mobile:
351 963 04 26 36

 
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Calculators

 
Property price: €423,000
 

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