Plot With Approved Project · 15 Two Bedroom Apartments · Santo António, Funchal

More than just square meters this is a business opportunity with half the work already done and real profitability.

The project is approved for 15 two-bedroom apartments. The buyer enters directly into the construction and commercialization phase.

The plot is located on Caminho do Jamboto, in Santo António, Funchal. It is a well-established residential area, with real people living and actively looking for housing. It has access to public transport, bank, pharmacy, market, kindergarten, sports complex, and direct access to the expressway. It is an area that functions year-round, which in practice means stable and consistent rental demand.

New two-bedroom apartments in Santo António are being sold from €380,000. With 15 units, total sales revenue ranges between €5.7 million and €6.6 million, representing an estimated gross margin above 100% on invested capital.

For those who prefer to hold the apartments and generate income, two-bedroom rentals in Funchal range between €1,400 and €1,600 per month, with a 5% gross yield confirmed by Idealista in Q1 2026.

In a mixed model, with part of the units in short-term rental and part in long-term rental, the estimated annual gross return increases to 8%–12%, with total revenue between €477,000 and €550,000 per year.

Funchal does not have enough new supply for the existing demand. Apartments are built and immediately occupied. This is the reality of the market in 2026.

Land area: 1,878 m²
Approved typology: 15 two-bedroom apartments
Condition: Approved project
Location: Santo António, Funchal

This asset is suitable for income-focused investors seeking opportunities in structurally undersupplied markets. For international investors who need a project with proven and structured returns. For local entrepreneurs who understand this market, have available capital, and want to scale.

I can provide full project documentation, site plans, or prepare a tailored feasibility study for your profile. Get in touch.