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DOUBLE THE VALUE, DOUBLE THE OPPORTUNITY!
Funchal, Ilha da Madeira, Portugal, 9020-001
REF: 802287
€650,000
Description
Discover this gem in Funchal! Nestled in the vibrant neighborhood of Funchal, just moments away from the bustling Madeira Shopping Mall and easily accessible public transportation, this property presents an exceptional investment prospect for astute buyers.
This unique property comprises two independent residences, Unit A and Unit B, offering the flexibility of individual sales or a combined purchase.
Constructed in 2003 and meticulously maintained, this property is perfect for those seeking a dual-living arrangement or a savvy rental income opportunity.
Unit A:
Spacious open-plan lounge and dining area, perfect for contemporary lifestyles.
Two generously sized bedrooms for ultimate comfort and privacy.
Mesmerizing ocean views to elevate your daily living experience.
Ample parking space for multiple vehicles.
Enclosed balcony serving as a delightful lounge area.
Laundry facilities for added convenience.
Unit B:
Parking space for multiple cars.
Scenic views enhancing the living environment.
Expansive open-concept lounge and kitchen area.
Two inviting bedrooms for relaxation.
Outdoor barbecue area for entertaining.
Additional lounge space for the second bedroom.
Attic space for storage or potential expansion.
Don't miss out on this exceptional opportunity! Contact us today for more information or to schedule a viewing.
Discover this gem in Funchal! Nestled in the vibrant neighborhood of Funchal, just moments away from the bustling Madeira Shopping Mall and easily accessible public transportation, this property presents an exceptional investment prospect for astute buyers.
This unique property comprises two independent residences, Unit A and Unit B, offering the flexibility of individual sales or a combined purchase.
Constructed in 2003 and meticulously maintained, this property is perfect for those seeking a dual-living arrangement or a savvy rental income opportunity.
Unit A:
Spacious open-plan lounge and dining area, perfect for contemporary lifestyles.
Two generously sized bedrooms for ultimate comfort and privacy.
Mesmerizing ocean views to elevate your daily living experience.
Ample parking space for multiple vehicles.
Enclosed balcony serving as a delightful lounge area.
Laundry facilities for added convenience.
Unit B:
Parking space for multiple cars.
Scenic views enhancing the living environment.
Expansive open-concept lounge and kitchen area.
Two inviting bedrooms for relaxation.
Outdoor barbecue area for entertaining.
Additional lounge space for the second bedroom.
Attic space for storage or potential expansion.
Don't miss out on this exceptional opportunity! Contact us today for more information or to schedule a viewing.
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Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9020-001
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £552,949 | £569,751 | £16,803 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £552,949 |
| Maximum cost in the last six months | £569,751 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,803 |
Funchal, Ilha da Madeira, Portugal, 9020-001
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £552,949 | £569,751 | £16,803 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £552,949 |
| Maximum cost in the last six months | £569,751 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,803 |
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 £16,803 more.
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