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3 bed apartment for sale

£279,339 (€319,300)

São Martinho, São Martinho, Funchal

Interested in this property? Call +44 330 038 8014 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Reference: RefAPA_377
  • Total area: 140m2
  • Useful area: 140m2
  • Plot area: 140m2
  • Garage

Property description

Three bedroom apartment located near the center of Funchal in a residential area in a private condominium with parking (basement), storage room and swimming pool.
Recent construction, with very good finishes. All bedrooms have fitted wardrobes, double glazing, wooden floors, alarm system, solar panels, kitchens with flood detection system and gas leaks, reinforced access doors, video intercom and much storage.
100% financing.
Mortgages - Non Residents
The Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on 'affordability'.
If an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year's management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns.
The Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower.
The security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it's approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property. The Bank will recommend an assignment over a suitable life policy.
It will also be a condition of the loan that the property is insured for it's full replacement value and the Bank's interest noted thereon.
Valuation of property
Approval of any loan application will depend upon the Bank's valuers providing a favourable report on the property, the cost of which will be borne by the applicant.
Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank's lawyers with all legal fees to be borne by the applicant.

About Prime Properties Madeira real estate

Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a property finding service, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
Energy Rating: C

 Total bedroom(s): 3
 Bathroom (s): 4
 City Center
 Green areas
 Public Transports
 Gross Area: 140
 Land Area: 140
 Net Area: 140

Property location is approximate. Please contact the agent for further details.

For more information about this property, please contact
Prime Properties Madeira, 9000 on +44 330 038 8014 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Prime Properties Madeira, and do not constitute property particulars. Please contact Prime Properties Madeira for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.