Apartment for sale in Santa Luzia (Funchal), Portugal

• 1 bathroom
• N/C

Funchal I is an exclusive private condominium nestled in the vibrant city of Funchal, offering a collection of 19 generously sized apartments, predominantly comprising studios and one-bedroom units, each equipped with either a terrace or balcony. This prime location ensures residents experience a unique lifestyle amid a rich tapestry of cultural and historical attractions, including museums, cultural centres, ancient churches, and local wineries. The area is further enhanced by an array of restaurants, hotels, schools, and shops, all within easy reach, making it an exceptionally convenient place to call home. Architecturally, Funchal I boasts an elegant design inspired by the aristocratic features prevalent in the early 20th century. This commitment to preserving heritage is evident, as it allows natural light to flood into the apartments, creating a bright and airy atmosphere that residents will cherish. The one-bedroom studio within this community spans 38.2 square meters and is fitted with a fully equipped kitchen, ensuring a comfortable and functional living space. Key amenities include air conditioning, an extractor fan, a stove, an oven, a refrigerator, a dishwasher, a washing machine, a microwave, and an induction hob. Set to be completed in November 2025, Funchal I presents an exciting opportunity for both homeowners and investors alike. With a projected yield of 3% over five years or an optional flexible return, this property is an attractive prospect for those seeking to invest in the thriving Funchal real estate market. Furthermore, it carries an energy rating of C, reflecting a commitment to sustainability and energy efficiency.