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 204 m², built in 1937. Located Velas (Sao Jorge) parish, Velas municipality. Investment opportunity featuring an approved project blending heritage architecture with contemporary design, using natural materials like wood and Viroc to create authentic, tranquil environments. Prime location near Jardim da República and the sea enhances guest experience.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Velas (Sao Jorge) · 774ff8 | Subject | €385,000 | €1,887 | — | — | 41 |
| Madalena · 6032d3 | Active | €449,000 | €3,973 | 110.5% | 70 | 51 |
| Horta (Matriz) · a06cb3 | Active | €850,000 | €3,632 | 92.5% | 70 | 35 |
| rua das Angústias | Active | €575,000 | €1,615 | 14.4% | 75 | 48 |
| Median comp | €575,000 | €3,632 | 92.4% | 70 | 48 |
Long-term rental The property, located in Velas, presents challenges for long-term rental due to the limited local housing demand driven by its island location. The overall rental yield is currently 0%, indicating a lack of viable rental opportunities in the area. Short-term vacation rental While the property is situated in a tourist destination, the 0% yield suggests that it may not generate immediate income as a short-term vacation rental. Local tourism could potentially support future occupancy; however, initial investment might not yield quick returns given the state of the property. Buy-and-hold This property could be suitable for a buy-and-hold strategy due to its potential long-term value in a tourist-dependent economy. However, the property's current condition and local market ratings indicate that it may require a significant commitment before it appreciates over time.
High Vacancy Risk With an Economic stability score of 35/100 and a Tenant stability score of 40/100, there's a significant risk of extended vacancies due to an unstable tenant base and weak economic conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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