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, 3-bathroom mix_use_building of 156 m², built in 1997, energy rating D. Located on beco do Meireles, 2, Funchal (Santa Luzia) parish, Funchal municipality. Noteworthy Feature: The property includes a commercial space on the ground floor with high visibility, suitable for various business types, enhancing its investment appeal and rental income potential.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. Thus, we refrain from making any assumptions about the property's worth.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco do Meireles, 2 | Subject | €750,000 | €4,808 | — | 72 | 76 |
| Imaculado Coracao De Maria · aff755 | Active | €495,000 | €2,403 | 50.0% | 80 | 68 |
| Imaculado Coracao De Maria · 9dde6c | Active | €1,200,000 | €2,439 | 49.3% | — | 65 |
| Funchal (Santa Luzia) · 6032b5 | Active | €1,350,000 | €1,271 | 73.6% | 47 | 66 |
| rua da Ponte Nova, 31 | Active | €499,000 | €2,683 | 44.2% | 40 | 69 |
| Median comp | €849,500 | €2,421 | 49.6% | 47 | 67 |
Long-term rental The property’s proximity to tourist attractions in Funchal suggests steady demand for long-term rentals among local residents and expats. With a condition score of 76/100, it presents a solid option for tenants seeking accessibility to amenities within a vibrant neighbourhood. Short-term vacation rental Given Madeira’s popularity as a tourist destination, the property is well-positioned for short-term vacation rentals, tapping into a steady influx of visitors. Its mixed-use nature offers flexibility, enabling potential owners to capitalize on tourism-driven revenue during peak seasons. Buy-and-hold Holding this property long-term could yield advantages, especially as tourism and local commerce continue to thrive in Funchal. The current condition and neighbourhood ratings indicate that it can maintain its desirability and potentially appreciate in value over time. Not ideal for: Student housing, Industrial development, Luxury market
[Economic Dependence Risk] With an economic stability score of 75 and a tenant stability score of 65, there is a 10-point gap indicating potential vulnerability to economic fluctuations that could impact tenant retention and rental income.
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Not enough comparable sales in this area to confidently estimate a fair value.
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