2 bedrooms apartment for sale in Santa Luzia (Funchal), Portugal

• 2 bedrooms
• 2 bathrooms
• N/C

Located in Funchal, in the historical and culturally significant Santa Luzia neighborhood, this property is situated in one of the oldest streets in the area. Known for its charming architecture, colorful houses, and vibrant atmosphere, Santa Luzia is a popular spot for both locals and tourists alike. This project involves the complete demolition of the current building in order to create modern and sophisticated housing. Despite the old colonial structure, the new development will incorporate state-of-the-art technology to provide comfort and modern amenities within a historic setting. The aim is to seamlessly blend the allure of ancient colonial architecture with the convenience of contemporary living. Each residence within the building features spacious bedrooms with built-in closets, fully equipped kitchens, and high-quality bathrooms. This particular property is a T2 with 90 m2 of living space and a balcony of 9.1 m2. It includes 2 bedrooms, 2 full bathrooms, a living room, and an open kitchen concept. The property comes equipped with modern appliances such as air conditioning, extractor fan, stove, oven, refrigerator, dishwasher, washing machine, microwave, and induction hob. The completion date for this project is March 2026, with the option for a 5-year 3% yield or a flexible return. The Energy Rating for this property is F. Priced at 420,000, this property offers a unique opportunity to own a piece of history while enjoying the comforts of modern living in the heart of Funchal. The combination of historic charm, convenient location, and modern amenities make this property a desirable investment for those looking to experience the best of both worlds.