This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
0-bedroom, 1-bathroom mix_use_building of 3250 m², energy rating F. Located Ilha parish, Santana municipality. Unique Feature: The property includes 3146.5 m² of fertile land, ideal for developing agricultural projects or cultivating tropical fruits, enhancing its investment potential and lifestyle appeal in a serene environment.
The valuation. The asking price of €250,000 sits significantly below the fair value of €4,710,438, presenting a difference of €4,460,438 (1784.2%). This property is therefore considered subpriced.
Fair value modelled at €4,710,438 from the area baseline, adjusted for condition and location. Asking €250,000 sits €4,460,438 (1784.2%) below — the upside to fair value.
Asking €250,000 versus the Ilha, Santana area baseline of €5,216,250 (€1,605/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 (Condition 30 · Materials 35 · Room dimensions 48). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Ilha, Santana
Area baseline €5,216,250 + condition -€1,955,078 + location +€516,516 = modelled fair value of €4,710,438 (€1,449/m²), a €4,460,438 (1784.2%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ilha · aa276a | Subject | €250,000 | €77 | — | 30 | 71 |
| travessa do Forno, 19 | Active | €395,000 | €1,975 | 2467.5% | — | 66 |
| Funchal (Sao Pedro) · 5ece86 | Active | €499,000 | €2,668 | 3369.0% | 25 | 68 |
| rua de Santa Luzia | Active | €950,000 | €3,800 | 4840.0% | — | 72 |
| rua da Queimada de Cima, 32 | Active | €1,195,000 | €2,464 | 3103.1% | 25 | 68 |
| Median comp | €724,500 | €2,566 | 3235.8% | 25 | 68 |
Short-term vacation rental This property's significant gap between listing price and fair value suggests a strong potential for profitable short-term vacation rentals in the Funchal area, which is known for its tourism. Despite the low condition score, the attractive location could facilitate demand from tourists seeking affordable accommodations. Long-term rental The underpriced status of this building presents an opportunity for a long-term rental strategy, especially given Funchal's appealing neighbourhood for residents. The combination of a favorable market score and potential demand supports the notion that this property could generate steady income over time. Buy-and-hold With a fair value substantially exceeding the listing price, this property could serve as a solid buy-and-hold investment, benefiting from eventual appreciation in value. The location's appeal and existing infrastructure make it a fitting choice for investors looking to capitalize on long-term trends in the area.
Tenant turnover risk The relatively high tenant stability score of 70/100 suggests there may still be fluctuations in occupancy rates that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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