House T2 in Terceira Lombada with 61 m²

If you’re looking for a unique opportunity to build the home of your dreams or invest in a property with enormous potential, this 1937 house, set on a 936.2 m² plot, is the perfect choice.

Located in the picturesque parish of Ponta Delgada, in São Vicente, this property enjoys a peaceful setting where nature takes center stage, offering breathtaking views of the Atlantic Ocean and the imposing mountains of Madeira. Just minutes away, you’ll find essential services, traditional restaurants, bathing areas, and the iconic viewpoints of the island’s north coast.

The two-story house, with a gross area of 82.2 m², features 5 spacious rooms ready to be transformed to your liking. It retains charming period elements, including an old traditional oven, perfect for preserving the rustic character in a future renovation. The property is situated in an Urban Rehabilitation Area (ARU), allowing you to benefit from tax advantages for refurbishment, including a reduced VAT rate.

The well-maintained land, currently planted with sweet potato vines, enjoys excellent sun exposure, pedestrian access via stairs, and the possibility of creating a direct entrance from the road. An architectural project has already been prepared, leaving it up to the new owner to move forward with the submission for municipal approval, paving the way for renovation or even expansion of the house.

Whether you’re looking to create your main residence, a holiday home, or invest in a tourism project in one of Madeira’s most authentic areas, this property is a hidden gem waiting to be brought back to life.