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, 1-bathroom mix_use_building of 90 m², built in 1937, energy rating D. Located on travessa do Pimenta, Funchal (Santa Maria Maior) parish, Funchal municipality. Location: Situated in one of Funchal's most iconic areas, the property offers the unique potential to create two distinct living units with a private terrace, enhancing its value. Investment Potential: The building's renovation allows for a personalized approach to modernize interiors while preserving its historic charm in a high-demand market.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. The limited data available contributes to uncertainty in pricing.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa do Pimenta | Subject | €430,000 | €4,778 | — | 42 | 64 |
| Funchal (Santa Luzia) · 774ff1 | Active | €0 | €0 | 100.0% | — | 75 |
| rua de Santa Luzia | Active | €950,000 | €3,800 | 20.5% | — | 72 |
| rua da Ponte Nova, 31 | Active | €499,000 | €2,683 | 43.8% | 40 | 69 |
| Funchal (Sao Pedro) · 5ece86 | Active | €499,000 | €2,668 | 44.1% | 25 | 68 |
| Median comp | €499,000 | €2,676 | 44.0% | 33 | 71 |
Short-term vacation rental This property in Funchal, positioned in a renowned tourist destination, offers an opportunity to capitalize on the robust demand for short-term accommodations. With the neighbourhood rating of 64/100, it is well-suited to attract tourists looking for convenient access to local attractions. Long-term rental The current condition score of 45/100 indicates that renovations may be required, but this presents a chance to enhance value over time. Given the housing demand driven by Madeira's tourism sector, long-term rentals in this area can sustain consistent occupancy rates. Buy-and-hold Investing in this property allows for a strategic long-term play in the Funchal real estate market, where a focus on tourism ensures ongoing residential demand. The neighbourhood's amenities and decent tenant quality create a solid foundation for property appreciation, making it an attractive option for investors looking to hold and benefit from future market growth.
Economic Vulnerability The property faces a risk of economic downturn due to a moderate economic stability score of 65/100, which may affect rental income and occupancy rates.**
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Not enough comparable sales in this area to confidently estimate a fair value.
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