3 Bed Villa for sale

Sao Goncalo, Funchal, Madeira, Portugal

£616,565

 [€699,000]

Property Details

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Resort property - condominium with security
  • Elegantly furnished & decorated
  • Solid stone open fireplace in the living room
  • Wonderful views over Funchal Bay and ocean
  • Privileged access to facilities of Palheiro Estate
  • Landscaped garden keeps the property private
  • On-site property management and rental service
  • High-quality construction to northern standards

Full Description

Villa 34 is a cosy family home, in a quiet and private cul-de-sac, with definitive stunning panoramic ocean and Funchal harbour views.

The construction area is 203m2 plus the large basement, and the private garden area comprising a south-facing terrace, colourful planters and an attractively landscaped garden.

This three bedroom villa type 1 was designed to take advantage of its hillside location. The access is made from behind at the upper floor, with the bedrooms distributed over a split level. The master bedroom and en-suite bathroom are at the top level, off the entrance hall, and thus quite private. The other two bedrooms are just a few steps down on an intermediate level, a perfect location for the children. They share a shower bathroom. All bedrooms feature carpet in the floors, vaulted ceilings with coved uplighting, and fitted wooden wardrobes.

There is a spacious storage room on the lower floor with a generously sized fitted wardrobe and a third fully fitted shower-bathroom. The lounge at the lower level offers a fireplace, and unobstructed panoramic views to the ocean and Funchal, contrasting with the adjacent mature & landscaped 138m2 garden. The extensive and bright open-plan family kitchen is paved with terracota tiles and is fully fitted with Bosch appliances. The external terrace, covered with a large pergola, is a privileged spot for summer breakfasts. The access to this pergoled terrace can be made directly from the kitchen or from the lounge area.

This family villa also features an extra terrace, adjacent to the pergoled one, and various storage rooms, which take advantage of the generously sized basement, at the garden level.

Villa 34 also benefits from privileged access to the facilities of the Palheiro Estate including the Village Forum heated outdoor pool; 18-hole Palheiro Golf course and Palheiro Spa. Palheiro Village offers a full property management service to look after your property whilst you area way and a rental service, if you also want to maximise your investment as a holiday property.

Palheiro Village, a private condominium designed by Michael Brown Associates, is built in a traditional external style and lies 10 minutes from the centre of Funchal & 15 minutes from the international airport. It offers a civilized, secure and restful environment to enjoy your holiday home or permanent residence.

DESTINATION MADEIRA

For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages of Madeira Island :

• Sub-tropical climate - warm & pleasant year round
• Natural beauty - dramatic scenery, lush & colourful, known as the "Garden of the Atlantic"
• Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon
• Protected environment - 70% of the island is protected parkland & forest
• Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
• Tourist infrastructure - long known as a quality tourist destination, with lots to see & do• Quality of life - a friendly, safe & clean place to visit and to live in (Note: one of the lowest incidences of crime in Europe)

Legal and fiscal situation
• Property transfer taxes - IMT tax, Stamp duty, reigistration and notary fees - max. 7%
• Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
• Capital gains tax - Flat 25% tax levy on all capital gains effected by non-residents.
• Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF €500
This property listing (ref: V34) is an advertisement supplied by ImoPalheiro and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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