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 346 m², built in 1967, energy rating F. Located on estrada da Roda, Campanario parish, Ribeira Brava municipality. Noteworthy Features: The property includes a traditional wood oven and offers potential for agricultural development on the spacious 630 m² plot, complementing the panoramic sea and mountain views.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. Consequently, market valuations remain uncertain and difficult to determine accurately.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Roda | Subject | €450,000 | €1,301 | — | — | 63 |
| Ribeira Brava · de49ac | Active | €450,000 | €1,301 | 0% | — | 64 |
| Ilha · aa276a | Active | €250,000 | €77 | 94.1% | 30 | 71 |
| rua da Saúde | Active | €1,200,000 | €3,488 | 168.2% | — | 75 |
| estrada Monumental | Active | €340,000 | €1,771 | 36.2% | 40 | 70 |
| Median comp | €395,000 | €1,536 | 18.1% | 35 | 71 |
Long-term rental The property offers a strategic location in Campanario, Ribeira Brava, which is connected to the tourism-driven economy of nearby Funchal, likely attracting stable long-term tenants. However, its current condition at 0/100 indicates significant renovations are needed to make it a viable rental option, presenting an opportunity for value-adding improvements. Short-term vacation rental Given the proximity to Funchal and Madeira's strong tourism sector, this apartment building could potentially serve as a profitable short-term vacation rental once the condition issues are addressed. The neighbourhood rating of 63/100 suggests decent local amenities, which can appeal to tourists seeking a comfortable stay. Buy-and-hold Investing in this property as a buy-and-hold strategy can be advantageous, considering its location in a region benefiting from tourism and a related hospitality job market. Nevertheless, the property’s poor condition demands immediate focus on renovations to secure future appreciation and rental income.
Economic vulnerability With an economic stability score of 65, there is a moderate risk of economic downturns affecting demand for the property, while a tenant stability score of 55 signals potential challenges in long-term tenant retention.
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Not enough comparable sales in this area to confidently estimate a fair value.
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