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Luxurious 5-bedroom villa in Funchal, Madeira, Portugal

1,200,000 €
£1,068,000
  • Total area
    1,460 m²
  • Bedrooms
    5
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Features
  • Built in 2000
  • Balcony or terrace
  • Swimming pool
  • Garden
  • Car parks
  • Sea view
  • Mountain view

Large detached villa, built in the year 2000, with five large bedrooms and large interior areas. The entire housing area is located on a single floor, corresponding to the 2nd floor, including several rooms, kitchen and a large lounge with access to a terrace with swimming pool and from where you can enjoy a breathtaking view of the city and the sea.

The construction is located on a plot of land of about 1,460 m². On the lower floor, there is a large patio that allows access to two indoor garages and to the leisure area. The exterior paved area features rustic tile of various types.

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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Interior

The main floor with the garden area attached to the pool and the barbecue. From there it is possible to access to a view all around and especially on the slopes and bay of Funchal. The interior floors throughout the dwelling are, according to the zones and divisions, of natural stones, ceramic mosaics.

The large lounge on the main floor, with several environments, has air conditioning and a stove, from which it is processed access to the lower floor and also to an attic.

On this floor there is also a hall, sanitary installation, kitchen with pantry, pantry and laundry.

To the lower floors and to the attic where very elaborate wrought iron and a skylight with hand painted stained glass.

On the 1st floor, in the dormitory area, also equipped with air conditioning, there are 4 suites, 3 of them with dressing room (one of them with more than 30 m²), maid's room and WC.

On the lower floor there is a games room with various environments, cinema room, gym, office, and garage.

Equipment

The materials, ceramic floors and sanitary ware are of very good quality.

The finishes are of the highest quality and there is an interesting detail: On the wall facing the pool there is a set of 3 glazed surfaces that allow one to observe the inside of the pool in the area below the water line

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other houses for sale in Portugal.

You can see more houses for sale in Funchal elsewhere on our website.

Get a residence permit in Portugal with property purchase from 500,000 EUR.
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    Safe haven: Portuguese residency by investment
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      Ekaterina Maslova,
      Senior Residence and Citizenship Advisor
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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        Commercial Director
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