CASAS Real Estate | Calheta House - Madeira Island

Property ID-02629 - SOLD/VENDIDO
☎️ (+351) 291 773 050
📩 geral@casasre.pt

🇬🇧 House with T3 typology on a plot of 400m2 in Calheta!
Located in a very quiet and sunny area, standing out for its proximity to other services and commerce, such as pharmacy, bank, supermarket, bakery, school, health center and 10 minutes from Calheta beach!

It is in good condition and has great investment potential, as the entrances to the two floors are independent.
It has several divisions and rooms with access to large balconies with sea views and a terrace with good areas.

Outside there are independent electric gates for access with the car to the upper and lower floors.

This villa is spread over 2 floors, and the upper floor comprises two kitchens, a pantry, a sunroom, two bathrooms and three bedrooms with the possibility of converting one of them into a suite.

The ground floor has an area of ​​180m2 with a support bathroom. There is the possibility of being a warehouse, car parking or transforming into a T3 apartment or two T2 apartments (with an area of ​​90m2 each).
You can monetize by opting for long-term lease or local accommodation.

The cost to transform into two T2 apartments will be around €50,000 to €60,000. Prices in this area are 60 euros per day, so the 2 apartments have the potential to earn 120 euros per day (120 euros x 30 days = 3600 euros per month) in gross terms.

It should be noted that a remodeling of the bathrooms is necessary.

Don't miss this opportunity and come visit this house with potential for investment or permanent living!

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