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.
3-bedroom, 2-bathroom apartment of 100 m², energy rating C. Located on largo Pocinhos, 1, Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Features: This apartment boasts two balconies with stunning sea views, enhancing outdoor living and providing an exceptional coastal lifestyle experience in the heart of Ericeira.
The valuation. The asking price of €398,000 stands significantly above fair value of €191,169, indicating an overpriced property by €206,831 (52.0%). This discrepancy suggests potential challenges for future value appreciation. Buy-to-flip angle. A buy-to-flip strategy may struggle due to the high acquisition cost; resale would require significant market demand to realize profits effectively. Any renovation cost could further impact overall returns. Buy-to-let angle. The estimated gross yield of 4.1% (~€1,360/month) presents a modest rental income opportunity; however, the property’s condition and neighborhood rating may limit tenant interest and rental growth potential.
Fair value modelled at €191,169 from the area baseline, adjusted for condition and location. Asking €398,000 sits €206,831 (52.0%) above — overpriced versus fair value.
Asking €398,000 versus the largo Pocinhos, 1 area baseline of €415,300 (€4,153/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 64 · Materials 68 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 59/100 (Housing Market 50 · Amenities 55 · Economic 45 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
largo Pocinhos, 1
Area baseline €415,300 + condition -€14,063 + location +€7,132 = modelled fair value of €191,169 (€1,912/m²), a €206,831 (52.0%) gap versus the €398,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo Pocinhos, 1 | Subject | €398,000 | €3,980 | — | 64 | 59 |
| largo Pocinhos | Active | €414,000 | €4,224 | 6.1% | 76 | 55 |
| Ericeira · 6fbc0c | Active | €580,000 | €5,421 | 36.2% | 79 | 59 |
| Ericeira · dee430 | Active | €540,000 | €5,294 | 33.0% | 65 | 64 |
| Ericeira · 38a066 | Active | €519,000 | €3,932 | 1.2% | 78 | 46 |
| Median comp | €529,500 | €4,759 | 19.6% | 77 | 57 |
Long-term rental The 3-bed apartment in Ericeira is currently priced at €398,000, which is 52% above its fair value of €191,169, suggesting it is overpriced. With a gross yield of 4.1% and a subpar condition score of 66/100, the investment lacks appeal for generating sustainable rental income in the long term. Buy-and-hold While the Ericeira apartment may attract attention due to its rural location and proximity to small towns, its listing price significantly exceeds fair market value at €398,000. The combination of a limited yield and a below-average neighbourhood rating of 59/100 indicates that holding this property may not be a sound investment decision for the foreseeable future.
Economic Vulnerability With an economic stability score of 45/100, there is a significant risk of economic downturn affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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