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.
2-bedroom, 0-bathroom house of 231 m², energy rating F. Located Ferrel parish, Peniche municipality, Leiria district. Noteworthy Features: This property includes a backyard with a water reuse cistern, promoting sustainability, and offers a garage spacious enough for three cars, enhancing functionality in the historic center. Location: Just 12 minutes on foot from Praia do Portinho da Areia Sul, it combines traditional charm with seaside accessibility.
The valuation. The asking price of €260,000 is significantly above the fair value of €47,773, indicating an overvaluation of €212,227 (81.6%). The property is therefore overpriced. Buy-to-flip angle. A buy-to-flip strategy would be challenging given the current price, requiring a substantial renovation investment, and a resale strategy would depend on market conditions for profitability. Buy-to-let angle. With an estimated gross yield of 5.9% and rental income of around €1,278/month, the buy-to-let strategy may provide steady cash flow, although the property's condition could pose challenges for attracting tenants.
Fair value modelled at €47,773 from the area baseline, adjusted for condition and location. Asking €260,000 sits €212,227 (81.6%) above — overpriced versus fair value.
Asking €260,000 versus the Ferrel, Peniche, Leiria area baseline of €498,267 (€2,157/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 28/100 (Condition 25 · Materials 30 · Room dimensions 35). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 55 · Amenities 50 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Ferrel, Peniche, Leiria
Area baseline €498,267 + condition -€169,641 + location +€6,742 = modelled fair value of €47,773 (€207/m²), a €212,227 (81.6%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ferrel · b03469 | Subject | €260,000 | €1,126 | — | 25 | 58 |
| Vau · 015d2e | Active | €130,000 | €1,250 | 11.1% | 35 | 53 |
| Lourinhã e Atalaia · dee601 | Active | €212,000 | €1,910 | 69.7% | — | 56 |
| Miragaia e Marteleira · 25f4c8 | Active | €180,000 | €1,500 | 33.3% | 38 | 52 |
| Lourinhã e Atalaia · 73567d | Active | €385,000 | €1,540 | 36.8% | — | 45 |
| Median comp | €196,000 | €1,520 | 35.0% | 37 | 53 |
Buy-and-hold This property in Ferrel, Peniche, is overpriced at €260,000, significantly exceeding its fair value of €47,773 by 81.6%. Given the poor condition rating of 28/100 and a neighbourhood rating of 58/100, the potential for long-term appreciation is limited. Family rental While the gross yield of 5.9% seems attractive, the high disparity from fair value and subpar condition make this house a poor candidate for a family rental investment. The rural location further restricts demand, making it unlikely to generate stable rental income. Not ideal for This property is not suitable for the luxury market due to its low condition and high valuation. Additionally, the property is unsuitable for student housing or short-term vacation rentals, given the lack of amenities and urban influence.
Potential for Tenant Turnover The tenant stability score of 60/100 indicates a moderate risk of tenant turnover, which could impact rental income consistency.
