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Property for sale information

 
Three bedroom apartment in the centre of Funchal city  
Reference nr: FX02936
Description:

Full description

Great location in the centre of Funchal city.

Three bedroom apartment with spacious interiors.

Renovated kitchen and bathrooms.

Due to its excellent location, this apartment is surrounded by many amenities making access to shopping, special services or leisure services very easy.


Features
• 1 minute to downtown Funchal
• 3 Bedrooms
• 2 bathrooms (one being a full bathroom)
• Living and dining room
• Kitchen
• Great location
• Spacious interiors
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.

Funchal’s museums and historical buildings are also well worth a visit and there are art galleries with works by national and international artists.

The sea breeze around the city’s bay invites you to come and call at Funchal Marina, full of vessels from all over the world.

Population: 103,962

Bathing areas: Barreirinha Bathing Complex, Lido Bathing Complex, Praia do Gorgulho, Ponta Gorda and Poças do Governador Bathing Complex, Doca do Cavacas Bathing Complex, Praia Formosa Bathing Complex, Praia dos Namorados, Praia do Areeiro, Clube de Turismo and Clube Naval do Funchal.

Madeira Islands Official Tourism Website, presents the content of the above "further information" text. For more information on Madeira Island please visit www.madeiratourism.org.

Bedrooms: Bathrooms: Price (€):
3 2 190,000
Features:
Submission Date:
06-28-2008
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: €190,000
 

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