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Property for sale information

 
Picturesque Apartment in Funchal  
Reference nr: FX03420
Description:

Prime real estate, stunning two bedroom apartment that will steal your breath away.

Located in the heart of Funchal´s toursim area (hotel strip), this top floor apartment of a 5 storey building is more than perfect for those wishing to purchase a home for retirement, for relocation or simply for a holiday home in Madeira Island.

Gorgeous picturesque glass front bay-style window proudly shows off a fabulous 180º view including such sites as the ocean, city and mountains.

Excelent sun exposure due to it´s top floor location and abundance of windows.

This apartment has ample interior areas, was renovated in 1997 and was designed in a modern architechtural style. Air conditioning, alarm system, thermal accumulator and a fully equipped kitchen are just some of the features included in the purchase of this home.

Conviniently located within walking distance from:
• Hotels
• Lido beach complex
• Restaurants
• Shopping
• Public Transportation
• Pharmacy
• Banks
• Supermarkets
• Downtown Funchal City

Forum Madeira Shopping Center – 5 minute drive (approx)
Santa Catarina International Airport – 20 minute drive (approx)

Further information on Funchal . . .

The capital of the archipelago is on Madeira’s south coast, in a beautiful bay washed by the warm waters of the Atlantic Ocean and surrounded by tall, green mountains and deep valleys.

Funchal was made a city on 21 August 1508 by Royal Charter issued by King Manuel I. It is the most important business, tourist and cultural in the Madeira Archipelago.

Its name comes from a sweet-smelling wild herb called Foeniculum vulgare, more commonly known as fennel, which was abundant there when the first settlers arrived.

Funchal is the largest municipality in the region and has 10 parishes.

The city of Funchal has plenty of leisure activities to offer. You can visit its magnificent gardens, wander through its picturesque streets and squares with Portuguese cobblestone pavements or simply stop and relax at one of the pavement cafés in the city centre.

Bedrooms: Bathrooms: Price (€):
2 2 258,700
Features:
Beach
City
Submission Date:
06-06-2008
Last Update:
10-08-2009
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: €258,700
 

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