Ilha da Madeira, Madeira

Located in the desirable Boa Nova area of Funchal, this 2, 195 m urban plot represents a prime opportunity for development or investment. Classified as a Peripheral Residential Area under the Funchal Municipal Master Plan (PDM), it allows for the construction of detached or semi-detached homes, perfectly integrated into the surrounding landscape.The plot includes a two-storey ruin with significant potential either for full rehabilitation or for demolition and new construction. The existing structure simplifies administrative procedures and enhances the site's appeal for both investors and private buyers.Boasting uninterrupted views of Funchal Bay and exceptional sun exposure, the property is situated in a peaceful neighbourhood that remains just minutes from the expressway, schools, shops and essential services.All essential infrastructure is already in place, including water, electricity, sanitation and high-quality road access, which further reinforces the practicality of the site. The property's flexibility, coupled with its privileged location, makes it a rare offering on the Madeira market.Boa Nova is a steadily appreciating area, making this a secure and future-proof investment. Book your visit now to explore the full potential of this unique plot overlooking both sea and mountains.