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Land with approved project for 2 independent houses
Funchal, Ilha da Madeira, Portugal, 9050-219
REF: 757084
€300,000
Description
This land is the perfect opportunity to build your dream home or something to monetize, as it has an approved project for the construction of two villas, with a gross construction area of 243m2 for each.
We present you this land with a total area of 960m2, located in the Immaculate Heart of Mary, near the city center of Funchal.
It is a neighborhood known for its tranquility and residential environment that offers a good quality of life to its residents.
This land is the perfect opportunity to build your dream home or something to monetize, as it has an approved project for the construction of two villas, with a gross construction area of 243m2 for each.
In addition to this, the land already benefits from access for cars, so the villas have a garage in project.
Given its location, it has a lot of sun exposure, which means it receives an adequate amount of sunlight throughout the day. This is beneficial for the natural lighting of the villas and can also be advantageous for the installation of solar panels if there is an interest in using renewable energy.
Contact us for more information.
SN Real Estate, your real estate agency!
This land is the perfect opportunity to build your dream home or something to monetize, as it has an approved project for the construction of two villas, with a gross construction area of 243m2 for each.
We present you this land with a total area of 960m2, located in the Immaculate Heart of Mary, near the city center of Funchal.
It is a neighborhood known for its tranquility and residential environment that offers a good quality of life to its residents.
This land is the perfect opportunity to build your dream home or something to monetize, as it has an approved project for the construction of two villas, with a gross construction area of 243m2 for each.
In addition to this, the land already benefits from access for cars, so the villas have a garage in project.
Given its location, it has a lot of sun exposure, which means it receives an adequate amount of sunlight throughout the day. This is beneficial for the natural lighting of the villas and can also be advantageous for the installation of solar panels if there is an interest in using renewable energy.
Contact us for more information.
SN Real Estate, your real estate agency!
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Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9050-219
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €300,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €300,000 | £255,207 | £261,252 | £6,045 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £255,207 |
| Maximum cost in the last six months | £261,252 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,045 |
Funchal, Ilha da Madeira, Portugal, 9050-219
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €300,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €300,000 | £255,207 | £261,252 | £6,045 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £255,207 |
| Maximum cost in the last six months | £261,252 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,045 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £6,045 more.
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