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Property for sale information

 
Penthouse Apartment  
Reference nr: CL00300
Description:

Luxury Penthouse apartment with excellent finishes, high sloped ceilings, barbecue,
terrace, two private entrances and a breath taking view of the ocean.

This home is located in Câmara de Lobos, just five kilometres west of Funchal.
Due to it´s excellent location, this penthouse apartment is just minutes away from
shopping, business services, beaches, tourist attractions and entertainment.

Additional Features and Accommodations:
* 3 Bedrooms
* 3 Bathrooms
* Living and Dining room
* Spacious interior areas
* Hardwood Floors
* High Sloped Ceilings
* Barbecue
* Stunning Ocean View

Câmara de Lobos is a picturesque fishing village that inspired Sir Winston Churchill
to paint its enchanting scenery. Early settlers gave the village its name, meaning
Chamber of Wolves, because this was the area on the island where a high concentration
of sea wolves / monk seals gathered.

Câmara de Lobos is also home to the Cabo Girão considered the second highest cliff in
the world and exhibits breathtaking panoramic views of the surrounding areas.


This village is also known for its famous beverage called ‘poncha’ which is a mixture
of lemon juice, honey and sugarcane spirit. Poncha can be found at virtually any local
tavern.

Bedrooms: Bathrooms: Price (€):
3 3 425,000
Features:
City
Submission Date:
05-26-2008
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

 
Property Photo Gallery

 

Main Bathroom - Image 1

Powder Room - Image 1

Terrace - Image 3

Terrace - Image 2

Terrace - Image 1

Bedroom 3 - Image 1

Bedroom 2 - Image 1

Dining Room - Image 2

Master Bedroom - Image 1

Dining Room - Image 2

Dining Room - Image 1

Living Room , Sitting Room

Kitchen - Image 2

Kitchen - Image 1
 
Calculators

 
Property price: €425,000
 

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