1 bedroom apartment for sale in Santa Luzia (Funchal), Portugal

• 1 bedroom
• 1 bathroom
• N/C

This property is situated in the charming Santa Luzia neighborhood of Funchal, known for its historical and cultural significance. The project involves the demolition of an existing building to make way for modern, sophisticated, and quality housing. While retaining the old colonial structure, the new development will incorporate state-of-the-art technology for comfort and modernity. Each residence within the building offers spacious bedrooms with built-in closets, fully equipped kitchens, and high-quality bathrooms. The T1 unit available has a total area of 64 m2, featuring a balcony of 4.2 m2. It includes a bedroom, toilet, living room, and open space kitchen. The property comes equipped with air conditioning, extractor fan, stove, oven, refrigerator, dishwasher, washing machine, microwave, and induction hob. The completion date for this project is March 2026, with a 5-year 3% yield or optional flexible return. The property boasts an Energy Rating of F, offering a blend of ancient colonial charm and contemporary living convenience. Priced at 360,000, this property presents a unique opportunity to invest in a piece of Funchal's rich history.