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Apartment

Apartment T1 of 68.8 m² in Funchal

Ilhéus, Funchal, Ilha da Madeira

Price and sale terms

Opening value €400,000
Base value
€552,941.17
Minimum value
€470,000
Status
Post-auction
Sale type
Auction
Origin
Auction houses

Property details

Property type
Apartment
Layout
T1
Gross area
68.8 m²
Plot area
10 371 m²
Price per m²
€5,810/m² (gross area)
Parish
Ilhéus
VPT (tax registry value) €89,513.93

Tax value from the property record, only when found in the documents analysed. Not a market value.

Available documents

  • Property tax record
  • Terms of sale

Available from the entity that publishes the sale.

Description

T1 apartment in the Plaza Madeira building, featuring 68.85 m² of private area and 16.80 m² of dependent area. The unit is furnished, fully equipped, and in very good condition. It includes an equipped kitchen, bedroom, WC, built-in wardrobes, and air conditioning. A covered parking space is included, and the orientation is east. The central location provides direct access to a shopping center and a supermarket, with all essential services nearby, allowing daily activities without a vehicle. The monthly condominium fee is 45.00 €.

How much could this purchase cost?

An estimate of acquisition costs, computed with the tax rules in force. Adjust the values to your case.

  • Price €470,000
  • IMT (transfer tax) €21,725.11
    Legal basis

    CIMT art. 17.º n.º 1 alínea c), limites da Lei 73-A/2025 (OE 2026); Lei 21/90 (Regiões Autónomas) · in force since 01/01/2026

  • Stamp duty €3,760
    Legal basis

    TGIS verba 1.1 (0,8%); base igual à do IMT por força do CIS art. 9.º n.º 4 (AT, IVE 17060) · in force since 12/01/2003

  • Registration €250
    Legal basis

    RERN art. 21.º verba 2.12; verba 1.2 (+50 € por prédio a mais, até 30 000 €) · in force since 01/01/2026

Estimated total €495,735.11
  • The auction house or bank commission is not published and is left out of the total. Confirm it in the sale conditions.
  • Assumes an individual buyer resident in Portugal. Since 25-05-2026 a non-resident pays 7.5% IMT on housing, with exceptions.

Informative estimate. Amounts may vary with the actual terms of the acquisition and the applicable law. Confirm with the competent authorities or a professional.

On the map

Rivesta analysis

Turn the property data into an investment decision

The facts above are open to everyone. Rivesta analysis reads them for you: compares with the market, weighs the risk and explains why.

  • Market

    Does the price make sense for the area? Market references and comparables.

  • Risk

    What could go wrong? The property's and the sale's risk factors, explained.

  • Opportunity

    Is this one worth a look? The economic factors for and against.

  • Visual intelligence

    What condition is it in, from the photos? Signs of works and apparent upkeep.

  • How to proceed

    How, where and to whom to make an offer, the deadline, the deposit and the sale documents.

Available with Paid Rivesta

Before going ahead, always confirm the terms of the sale with the entity that publishes it.

€400,000