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

• 2 bedrooms
• 2 bathrooms
• N/C

Located in Funchal, in one of the first streets to be built, this property holds significant historical and cultural importance. It is a charming architectural gem, boasting traditional and colorful houses, as well as shops, restaurants, and cultural spaces that make it a popular spot for both residents and visitors alike. The project entails the complete demolition of the existing building to make room for modern, sophisticated, and high-quality housing. Despite the old colonial structure, the new development will incorporate state-of-the-art technology, ensuring comfort and modernity within this historic setting. The innovative approach aims to seamlessly blend the charm of ancient colonial architecture with the conveniences and advancements of contemporary living. Each residence within this building offers spacious bedrooms with built-in closets, fully equipped kitchens, and high-quality bathrooms. This particular unit is a T2 with 90 m2 and a 9.1 m2 balcony, featuring 2 bedrooms, 2 full and social WCs, and an open space living room and kitchen. The property comes equipped with essential amenities such as air conditioning, extractor fan, stove, oven, refrigerator, dishwasher, washing machine, microwave, and induction hob. The completion date is set for March 2026, with a 5-year 3% yield or an optional flexible return. The Energy Rating is F. As for the price of 420,000, it reflects the value of the location, quality of construction, and the blend of historical charm with modern comforts. Considering the growing demand for quality housing in prime locations like Santa Luzia, this property presents a solid investment opportunity for those seeking a unique and upscale living experience in Funchal.