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, 0-bathroom apartment_building of 206 m², energy rating D. Located Imaculado Coracao De Maria parish, Funchal municipality. Unique Feature: The property boasts a stunning rooftop terrace with panoramic views of Funchal Bay, providing an exceptional setting for relaxation and entertainment. Investment Opportunity: Fully renovated with independent access for each unit, ensuring versatile rental options.
The valuation. The asking price of €495,000 is significantly below the fair value of €712,647, presenting an attractive opportunity at €217,647 under fair value (44.0%). This property is currently subvalued in the market. Buy-to-flip angle. With a strong resale potential due to its favorable pricing, the strategy involves renovating the apartment building for a quick sale at a higher market value, targeting buyers seeking modern finishes in a desirable area. Buy-to-let angle. The strategy includes converting the property into short-term vacation rentals to capitalize on Funchal's thriving tourism economy, leveraging the location to generate substantial rental income despite a current gross yield of 0%.
Fair value modelled at €712,647 from the area baseline, adjusted for condition and location. Asking €495,000 sits €217,647 (44.0%) below — the upside to fair value.
Asking €495,000 versus the Imaculado Coracao De Maria, Funchal area baseline of €602,550 (€2,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 80 · Materials 75 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Imaculado Coracao De Maria, Funchal
Area baseline €602,550 + condition +€10,622 + location +€47,151 = modelled fair value of €712,647 (€3,459/m²), a €217,647 (44.0%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Imaculado Coracao De Maria · aff755 | Subject | €495,000 | €2,403 | — | 80 | 68 |
| Sao Martinho · 523063 | Active | €530,000 | €1,577 | 34.4% | — | 80 |
| Funchal (Santa Luzia) · 52307a | Active | €25,000 | €2,273 | 5.4% | — | 70 |
| rua Doutor Ângelo Augusto da Silva | Active | €900,000 | €2,045 | 14.9% | 60 | 65 |
| rua da Ponte Nova, 31 | Active | €499,000 | €2,683 | 11.6% | 40 | 69 |
| Median comp | €514,500 | €2,159 | 10.2% | 50 | 70 |
Short-term vacation rental The property presents an attractive opportunity for short-term vacation rentals, given its location in Funchal, which thrives on tourism and showcases a significant valuation gap of 44% below fair value. With a fair value of €712,647, investing in this asset could lead to substantial returns as tourism continues to bolster the local economy. Long-term rental As a potential long-term rental, this apartment’s favorable pricing relative to its fair value indicates solid income potential in a growing market. With a condition score of 78/100 and a neighborhood rating of 68/100, it is well-positioned to attract reliable tenants seeking quality housing in Funchal. Buy-and-hold Investing with a buy-and-hold strategy would capitalize on the substantial equity gap of 44%, allowing for long-term appreciation in a market benefitting from strong tourism. The solid condition rating and overall neighborhood quality support the case for retaining this property as a valuable asset in an increasingly desirable location.
Tenant turnover risk High tenant turnover is a concern due to the relatively low tenant stability score of 60/100, indicating potential challenges in maintaining consistent occupancy rates and 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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