All 18 photo

Villa with a successful rental income

683,000 $
1,618 $ /m²
Send a request
Total area: 422 m² Land area: 596 m² 6 bedrooms 6 bathrooms
Send a request
Features
  • Garden
  • Car parks
  • Sea view
  • Mountain view

Spacious villa comprising 3 bedrooms and three bathrooms, lounge/kitchen, garden and BBQ area. Plus 3, 1-bed 1-bath apartments. All bedrooms have balcony area.

This 10-year-old property, offers a conveniently located home in Arco Da Calheta with the added bonus of an opportunity to take over a successful holiday rental business or even change to a Bed and Breakfast. 

Interior

The south facing property is on 3 levels:

Level 1 — (road level). This is currently the owners' accommodation and comprises 3 double bedrooms (two en-suite, one with dressing area), family bathroom, large utility room, lounge/dining room and kitchen. The spacious 3rd Bedroom is located upstairs, currently used as a study. All bedrooms and lounge have balconies and uninterrupted sea views. There is an owners parking area at the front of the house (separate to guest parking) with its own entrance gates. Steps lead down to the owners' private garden and built in BBQ area.

Level 1 — Electric gates lead to the entrance drive and covered parking for guests. There are two very light and airy 1-bedroom apartments. Both have their own private balcony and sea views. The accommodation comprises a double bedroom, shower room, utility room, kitchen and lounge/dining area. There is also a small side garden which is currently provided for guests use.

Level 2 — On this level there is another 1-bedroom apartment. It has a large balcony accessed by 3 sets of patio doors and provides a double bedroom, bathroom, lounge and kitchen.

Equipment

All bedrooms have built in wardrobes. 

The property is being sold including all apartment furniture.

Financial performance

The current rental achieved is € 325.00 per week for each apartment (2 people). 

We can help you get a Gold Visa (permit without tax residence) when buying a property worth €500,000 or more.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Portugal.

You can see more buy-to-let apartments for sale in Funchal elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this buy-to-let apartment
Julia Dorokhina
Julia Dorokhina
Real Estate Expert Tranio in Funchal
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    • 0% commission to Tranio
    • Residence permit support
    • Mortgage rates from 2.5%