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Property for sale information

 
Beautifully reconstructed two bedroom stone rustic style detached house  
Reference nr: CT00121
Description:

Beautifully reconstructed two bedroom stone rustic style detached house located high up in sunny Calheta, Madeira Island.

In addition to the reconstructed home, included is a large plot of land, another house and a hayloft, both ideal for reconstruction.
Peaceful area with only local traffic passing by.
10 minute drive to Calheta Beach and the local supermarket.

<b>Further information on Calheta . . . <b/>

The town of Calheta is just over 31 km from Funchal and the sun is its best friend. It is also here that we find one of the oldest parishes on the island.

Calheta was one of the first areas in Madeira to be farmed. The municipality was once linked to the primary sector, and “industry” used to be important here. There were once as many as eight sugar cane processing factories, though only one of them still works today.

Its sea front has been refurbished with the construction of a marina, surrounded by spacious gardens, and an artificial white-sanded beach.
Two of its parishes, Paul do Mar and Jardim do Mar, challenge surfers to ride their spectacular waves, considered among the best in Europe.

There are several restaurants in these fishing villages, where you can taste a variety of fish dishes.

The atmosphere in Prazeres is of one incomparable peace and charm, where time stands still and no-one is ever in a hurry.

From Calheta you can go up to Paul da Serra a 1,500-metre-high plateau, where there is a view of both Madeira’s coasts. You can get to from Rabaçal from there. Here the untouched Madeiran forest covers the mountains with a green mantle.You can start out from Rabaçal to walk along some of the most beautiful, impressive paths into the depths of the island, until you find yourself surrounded by the Laurissilva Forest.

Miradouro da Fonte do Bispo

This belvedere is on the Paul da Serra plateau and nature lovers will feel the sensation of being enveloped by the exuberant vegetation of the Laurissilva Forest.

Miradouro do Farol da Ponta do Pargo

This belvedere is at the island’s westernmost point and from here we can see the rugged landscape from the lighthouse to Sítio das Achadas da Cruz.

Casa das Mudas Art Centre

This cultural facility in Calheta is divided into two parts, a mansion built in the 16th century that belonged to a granddaughter of João Gonçalves Zarco, the discoverer of Madeira, and a new, modern wing that blends in perfectly with the surrounding scenery.

This cultural centre is designed to house a variety of exhibitions, musical performances, plays, conferences and many other events.

Until 28 February, the Casa das Mudas Art Centre put on a fantastic art exhibition where visitors were able to admire works by such famous artists as Francis Bacon, David Salle, Eric Fischl, Picasso and Dali.

Population: 11,946

Bathing areas: Calheta’s white sandy beach and pebble beaches at Jardim do Mar and Paul do Mar.

<b><i>Madeira Islands Official Tourism Website, presents the content of the above "further information" text. For more information on Madeira Island please visit www.m

Bedrooms: Bathrooms: Price (€):
2 1 582,000
Features:
Submission Date:
07-14-2008
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: €582,000
 

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:
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ROI

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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