3 bedroom house located in Madeira

House T3 · Canhas, Ponta do Sol   −31% vs Atlas estimate

At auction

Features

Amenities detected in the official auction description — confirm on the e-leiloes.pt listing before bidding.

Property description

Property described in the Land Registry of Ponta do Sol (Madeira) under entry 1362 of the parish of Canhas and registered in the same parish under article 2682. Located at Caminho das Abertas nº 18, 9360-381 Canhas, Ponta do Sol, Funchal.

Notes

Claims were filed by the National Treasury and Novo Banco SA. The debtor is the custodian of the property. Visits will be scheduled through the Enforcement Agent, so interested parties should contact the Enforcement Agent to schedule visits, preferably by email (2865@solicitador.net / 964603035). The property is in reasonable condition, presenting dampness on the rear wall of the garage and guest bathroom. It consists of a ground floor with three bedrooms, one of which is en-suite, a guest bathroom, a living room and a garage. The attic has been converted into a laundry room, a bedroom and a balcony. It is the sole and exclusive responsibility of the bidders to verify the condition of the property to be acquired, and they must ensure that it meets their expectations and is in the desired condition. Failure to verify is not grounds for annulment of the sale procedure. IMPORTANT: In accordance with the provisions of Article 825(1)(c) of the Code of Civil Procedure, failure to deposit the price may lead to the seizure of assets sufficient to guarantee the outstanding amount, plus costs and expenses, and the debtor will simultaneously be subject to enforcement proceedings within the same process for payment of that amount and any additional charges. It is further advised that failure to deposit the price may lead to the initiation of CRIMINAL PROCEEDINGS against the bidder. Full payment of the price: 1) In accordance with Article 824(2) of the Code of Civil Procedure, the price must be paid within 15 days of notification by the Enforcement Agent. 2) The period runs consecutively (including Saturdays and Sundays) but is interrupted during judicial holidays. 3) It is further indicated that nothing prevents the purchaser from resorting to partial or total bank credit to pay the price, but it is warned that due to the reflection period (7 days), mandatory under paragraph 5 of article 13 of Decree-Law 74-A/2017, it becomes very difficult to pay the price within the indicated period of 15 (fifteen) days. 4) As this is an online auction, there is no deed. 5) The fact that the bidder is awaiting a response from the bank financing does not suspend the payment deadline.

Content automatically translated — the original text is in Portuguese.

Atlas aggregates this information for informational purposes and is not a party to the transaction. The discount analysis is indicative, based on the parish's median prices.