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 mix_use_building of 440 m², built in 1969, energy rating C. Located on rua Doutor Ângelo Augusto da Silva, Funchal (Santa Luzia) parish, Funchal municipality. Key Features: The property includes four T2 apartments with strong rental demand and accessibility, making it a prime candidate for income-generating renovation projects in the up-and-coming Funchal area.
The valuation. The asking price of €900,000 is significantly below its fair value of €1,788,756, indicating an attractive opportunity for investors. This property is priced €888,756 (98.8%) under market value, making it underpriced.
Fair value modelled at €1,788,756 from the area baseline, adjusted for condition and location. Asking €900,000 sits €888,756 (98.8%) below — the upside to fair value.
Asking €900,000 versus the rua Doutor Ângelo Augusto da Silva area baseline of €1,292,280 (€2,937/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 60 · Materials 55 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 65/100 (Housing Market 70 · Amenities 70 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Ângelo Augusto da Silva
Area baseline €1,292,280 + condition -€138,875 + location +€109,111 = modelled fair value of €1,788,756 (€4,065/m²), a €888,756 (98.8%) gap versus the €900,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Ângelo Augusto da Silva | Subject | €900,000 | €2,045 | — | 60 | 65 |
| Funchal (Santa Luzia) · 52307a | Active | €25,000 | €2,273 | 11.1% | — | 70 |
| rua da Ponte Nova, 31 | Active | €499,000 | €2,683 | 31.2% | 40 | 69 |
| Sao Martinho · 523063 | Active | €530,000 | €1,577 | 22.9% | — | 80 |
| travessa do Forno, 19 | Active | €395,000 | €1,975 | 3.4% | — | 66 |
| Median comp | €447,000 | €2,124 | 3.8% | 40 | 70 |
Short-term vacation rental This property is strategically located in Funchal, making it an attractive option for short-term vacation rentals, especially with its favorable position and fair value indicating a significant upside potential of 98.8%. Despite its current condition rating of 55/100, improvements can vastly enhance its appeal to tourists, further leveraging the island's consistent tourism trends. Buy-and-hold With a fair value of €1,788,756, this property presents an impressive opportunity for long-term appreciation as a buy-and-hold investment, given that it is currently listed at €900,000. The location's potential for growth, combined with its significantly undervalued status, suggests excellent capital appreciation prospects over time. Long-term rental Acquiring this property for long-term rental could be a strategic decision, as it is positioned in a neighborhood rated 65/100 and shows a substantial gap from its fair value. Tenant quality is likely to improve with a robust rental market in Funchal, supported by ongoing tourism, despite the current lack of rental yield. Not ideal for: Given its current condition and market positioning, this property is not suitable for student housing, the luxury market, or industrial investment due to the characteristics of the neighborhood and the asset's limitations.
Tenant turnover risk With a tenant stability score of 65/100, there is a moderate risk of tenant turnover that could lead to increased vacancy rates and lost rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
