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 112 m², energy rating D. Located on rua Comandante Alves, São Martinho do Porto parish, Alcobaça municipality, Leiria district. Unique Feature: This 2023 fully renovated apartment includes a heat recovery system in the living room, enhancing energy efficiency while providing comfort throughout the year. Additional Note: The extensive terraces feature a barbecue area and storage space, ideal for outdoor gatherings.
The valuation. The asking price of €249,800 is significantly above the fair value of €120,734, representing an overpricing of 51.7%. Potential investors should consider this valuation before proceeding. Buy-to-flip angle. A resale strategy could focus on renovating the apartment’s current high-quality finishes to appeal to families looking in the mixed neighborhood, allowing for a potential swift sale at a premium. Buy-to-let angle. With an estimated gross yield of 5.5% from a monthly rental income of €1,145, this property could provide a steady cash flow for investors willing to manage tenants in the area.
Fair value modelled at €187,947 from the area baseline, adjusted for condition and location. Asking €249,800 sits €61,853 (24.8%) above — overpriced versus fair value.
Asking €249,800 versus the rua Comandante Alves area baseline of €177,072 (€1,581/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 75 · Materials 84 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 53/100 (Housing Market 50 · Amenities 50 · Economic 55 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua Comandante Alves
Area baseline €177,072 + condition +€8,750 + location +€2,125 = modelled fair value of €187,947 (€1,678/m²), a €61,853 (24.8%) gap versus the €249,800 asking price.
Buy-and-hold The current listing price of €249,800 reflects a significant 51.7% premium over the fair value of €120,734, indicating that the property is overpriced. Given this gap and a less favorable neighborhood score of 53/100, the potential for appreciation in the long term may be limited, making it a less attractive buy-and-hold investment. Value-add renovation With the property priced at €249,800 and a fair value of €120,734, the significant overvaluation suggests that any investment in renovations may not yield a favorable return on investment. The existing condition rating of 80/100 indicates some room for improvement, but the substantial gap to fair value implies that the market may not support the costs added through renovations. Family rental At a listed price of €249,800, which is 51.7% above the fair value of €120,734, this apartment is overpriced for rental potential. While it offers a gross yield of 5.5%, the less than ideal neighborhood score of 53/100 suggests that attracting stable family tenants may pose a challenge in this market.
Economic and Tenant Instability With both economic stability and tenant stability scores at 55/100, there is a heightened risk of potential vacancies and fluctuating rental income, which may significantly affect overall returns on investment.
