3 bedroom block of apartments for sale in Madeira, Funchal, Portugal

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3 bedroom block of apartments for sale in Madeira, Funchal, Portugal

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3 bedroom block of apartments for sale in Madeira, Funchal, Portugal

475.000 €

(0)
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Sep 07, 2025

Madeira, Funchal, Portugal

Description

This historic two-story building from the 19th century is situated in the heart of Funchal’s charming city center, offering a unique blend of heritage and modern potential. Preserved in a commendable state, the property is conveniently located just four minutes on foot from the vibrant Funchal Marina and only a minute away from a bustling shopping center featuring multiple services, including parking—making it an ideal home for those seeking an urban lifestyle without the need for a car. The property boasts a private garden, where there is ample space to construct a swimming pool, enhancing outdoor living. An approved architectural renovation plan is in place to transform the existing structure into a spacious four-bedroom residence, each with its own private bathroom. The layout includes a large, open-plan kitchen, living, and dining area that opens onto a patio—perfect for outdoor entertaining—whose level can be adjusted to suit preferences. The upper floor features a skylight that provides natural light to the corridor and facilitates technical access to air conditioning units installed on the roof’s north side. Located within the ARU zone, the property benefits from attractive tax incentives, including exemptions from IMI and IMT, and available deductions for VAT and IRS, along with municipal tax benefits. This presents a compelling investment opportunity in a highly desirable area of Funchal, combining cultural charm with excellent future prospects.

3 bedroom block of apartments

Data source: https://www.rightmove.co.uk/properties/149776355?currencyCode=GBP#/?channel=OVERSEAS

Overview

Property ID: b19348ed-0c90-40f8-b69d-42cba4db4491

Type: Apartment, House

Property Type: Secondary

Bedrooms: 3

Bathrooms: 2

Floors: 1

Bedrooms: 2

Bathrooms: 2

Interior Condition: new_build

Architectural Style: contemporary

Flooring Materials: other

Bedrooms: 3

Bathrooms: 2

Reception Rooms: 1

Patio/Terrace: Yes

Interior Condition: average

Architectural Style: traditional

Flooring Materials: other

Amenities and features

Parking
Storage
Air Conditioning
Terrace
Garden

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