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 1333 m², built in 1937. Located Sao Roque parish, Funchal municipality. Unique Feature: This historic building, formerly the Escola das Mercês, can be transformed to enhance Funchal's cultural landscape while leveraging its prime location for high tourist traffic.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. This lack of market data complicates the evaluation process for potential investors.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Sao Roque · 5d6d8a | Subject | €1,950,000 | €1,463 | — | 12 | 75 |
| rua das Mercês | Active | €1,200,000 | €2,372 | 62.1% | 18 | 75 |
| travessa do Forno, 19 | Active | €395,000 | €1,975 | 35.0% | — | 66 |
| rua dos Netos, 32 | Active | €1,480,000 | €2,111 | 44.3% | — | 71 |
| rua de Santa Luzia | Active | €950,000 | €3,800 | 159.8% | — | 72 |
| Median comp | €1,075,000 | €2,242 | 53.2% | 18 | 72 |
Short-term vacation rental Given Funchal's status as a major urban and tourist hub, this property is well-suited for the burgeoning short-term vacation rental market, capitalizing on the steady influx of tourists seeking accommodation. The neighbourhood's low crime rates further enhance its appeal, making it an attractive option for visitors. Long-term rental With its proximity to amenities and a good neighbourhood score of 75/100, the property can serve as a solid long-term rental investment, appealing to locals seeking stable housing. The combination of economic stability and tenant quality in Funchal supports the potential for consistent rental income. Family rental The property’s characteristics and advantageous location make it a feasible choice for families looking for a rental in a safe and convenient area. This strategy is supported by Funchal's strong community and extensive amenities that cater to family needs.
Economic downturn risk A significant economic downturn could negatively impact both tenant stability (65/100) and the property's value, which is currently rated at 75/100 for economic stability, leading to potential vacancy issues.
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Not enough comparable sales in this area to confidently estimate a fair value.
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