São Pedro da Cadeira, Silver Coast. One property, two independent homes: a duplex above and a garden apartment below. Both look at the ocean. Both are furnished, licensed for rental, and earning today.
Above: three bedrooms, three bathrooms, and a large glass front facing the ocean. Below: a one-bedroom apartment with its own entrance, kitchen and garden. Separate hot water, separate internet, and sound insulation between the two homes.
You can live in one home and rent the other, rent both with the rental licence that transfers to the buyer, or use all 300+ m² as one family house. Nothing needs to be done first: both homes are furnished and equipped, including kitchenware.
Unit A · duplex
Living room, dining area and kitchen in one bright space, all facing the ocean, with two balconies and a deck. Two bedrooms with private bathrooms, a third bedroom, a laundry room, air conditioning and electric heating for winter.
LONG-TERM RENT, EST. 1.800€ / MONTH
Unit B · garden apartment
Its own entrance, its own garden and its own balcony, with an ocean view from the living room and kitchen. New kitchen, dishwasher, washing machine, and air conditioning in every room. Guests come and go without passing through the upper home. The garage next to it can be used to enlarge the apartment.
LONG-TERM RENT, EST. 1.000€ / MONTH
Both gardens are planted and fully grown, with automatic irrigation already installed: an old apple tree, an old pear tree, and a herb garden by the kitchen door.
How you use it
| Paying cash | 70% mortgage | |
|---|---|---|
| You put in | 675.000€ | 202.500€ |
| Return a year | ||
Before tax. Growth is value, not cash.
Tax, about 10% of income. Management 10–25% if you hand holiday letting over. No condominium fee. Not financial advice.
3.550€ both on holiday let, 2.800€ both long term, 1.800€ the duplex, 1.000€ the apartment. Income actually received — invoices on request.
Prices here have risen about 17% a year over the last five years, steadily rather than in one jump. We use 15% to stay on the careful side. Past growth is not a promise, and you only see it on a sale.
The land registry does not count the attic floor. It was converted under a fully licensed project and appears in the approved plans, but it is not classified as living area. Measured on the space you actually use, the price is 2.250 €/m².
New T4 opposite
1.160.000€
New build with a pool. One home, no rental licence, no second income.
This house
675.000€
Two homes, furnished, licensed, renting today.
ESTIMATES FOR GUIDANCE ONLY · RENTS BASED ON CURRENT LOCAL LEVELS · TAXES, INSURANCE AND RUNNING COSTS NOT INCLUDED · NOT FINANCIAL ADVICE
Schools, childcare and healthcare are being built out inside the parish itself. That is what keeps families here all year, which is what keeps values and rental demand stable.
New village school and park
A new public school for pre-school and primary years, built with a 4,5 M€ investment — with a public park and playgrounds right beside it.
Nursery in Assenta
The municipality has committed to opening a nursery in the old Assenta school, minutes from the house.
New health centre
A newly built village health centre five minutes from the house, opened in 2025.
Family doctors
A new family health unit opened in August 2026, adding family doctor places for local residents.
17% a year
Average price growth in this area over the last five years, while Assenta still costs far less per square metre than Ericeira, sixteen minutes away.
Ericeira
3.401 €/m²
Silver Coast
2.800 €/m²
This house, in use
2.250 €/m²
São Pedro da Cadeira is a real village, not a resort. Cafés, restaurants and shops are within walking distance, and the ocean is at the end of the road. Ericeira is 16 minutes by car, Santa Cruz the same, and Lisbon airport 43 minutes.
An approved architectural project, inspected and registered: new roof, new plumbing, upgraded electrics, external thermal insulation and double glazing everywhere. That is why a 1987 coastal house reaches energy class C.
Visits in person or by video, directly with me. This is a private sale with no agency fee, and agents are welcome to call. Plans, licence documents and rental history available on request.
Request a viewing
Leave two or three times that work and a line about yourself. I answer personally, usually the same day — in person or by video call.
