Apartment Building in União das Freguesias da Cidade de Santarém

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Overview

0-bedroom, 0-bathroom apartment_building of 181 m², built in 1975, energy rating E. Located on rua Frei Luís de Sousa, 52, União das Freguesias da Cidade de Santarém parish, Santarém municipality, Santarém district. Noteworthy Features: The building includes private outdoor spaces with a total of 95m² across two separate yards, enhancing tenant appeal and potential for leisure activities.

Financial Summary

The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. As such, determining whether the asking price reflects a good or bad deal is not feasible.

Investment Thesis

Long-term rental The property in União das Freguesias da Cidade de Santarém offers potential for long-term rental as the local market is characterized by limited economic diversification, appealing to stable, long-term tenants. Given its safety typical of rural Portugal, it can attract residents seeking a peaceful lifestyle. Buy-and-hold Investors may consider the buy-and-hold strategy due to the potential for gradual appreciation in value over time in a predominantly rural market. The property’s condition rating of 56/100 suggests that while it may require improvements, it is positioned to benefit from consistent demand in a stable environment. Value-add renovation The value-add renovation strategy can be advantageous given the property’s current condition of 56/100, indicating opportunities for improvements that can drive rental income and asset appreciation. Targeted renovations could enhance the property’s appeal in a neighbourhood rated 52/100, potentially increasing tenant demand and long-term value. Not ideal for luxury market The characteristics of this property and its surrounding area do not cater to the luxury market, limiting its attractiveness to high-end buyers or renters. Additionally, the predominantly rural setting aligns more closely with affordable housing rather than luxury offerings. Not ideal for short-term vacation rental The limited economic diversification and rural nature of União das Freguesias da Cidade de Santarém make it less suitable for a short-term vacation rental strategy, as demand for such accommodations is likely to be low. The market's stability does not favor transient stays, which typically require a vibrant tourist economy. Not ideal for student housing Given the limited amenities and tenant quality ratings in the area, this property is not well-positioned for student housing, as it lacks the necessary infrastructure and vibrant community often sought by students. Additionally, the rural context does not support a strong student population or university presence, which is critical for successful student rental properties.

Risks

Economic Impact Risk The low economic stability score of 45/100 may result in decreased demand for rental units, potentially leading to higher vacancy rates and reduced rental income.

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