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Villa with a successful rental income

667,000 $
1,580 $ /m²
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Total area: 422 m² Land area: 596 m² 6 bedrooms 6 bathrooms
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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). 

Statistics in Funchal

Price per m², $
2,261
Healthcare efficiency level
53
Index 53 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Real estate Price, $
Apartment in the city centre, m² 2,261.3
Apartment in a bedroom community, m² 1,271.98
Transport Price, $
Public transport, 1 ride 2.2
Monthly travel card 51.31
Taxi, 1 km 1.02
Petrol, 1 l 1.71
Food Price, $
Water, 1.5 l 0.88
Milk, 1 l 0.6
White bread, 500 g 2.26
Eggs, a dozen 2.37
Chicken fillet, 1 kg 5.65
Education Price, $
Kindergarten, per month 348.61
International school, per year 12,437.15
Health care index
Staff competence 55.0
Medical equipment 50.0
Research accuracy and completeness 47.5
Attitude towards patients 65.0
Security index
Crime rate 10.23
The risk of being robbed 9.09
The risk of car theft 19.32
The risk of break-in and property damage 21.59

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Kseniya Kolesnikova
Kseniya Kolesnikova
Real Estate Expert Tranio in Funchal
+44 17 4822 0039
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