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.
0-bedroom, 0-bathroom mix_use_building of 1875 m², built in 1990. Located on rua Florbela Espanca, 1, União das Freguesias da Cidade de Santarém parish, Santarém municipality, Santarém district. Noteworthy Features: The property includes a pre-existing license for Residential use and a unique configuration of 48 rooms, offering substantial redevelopment opportunities in a strategically central location.
The valuation. The asking price of €500,000 is significantly below the fair value of €1,309,238, indicating an undervaluation by €809,238 (161.8%). This presents an attractive investment opportunity based on current market metrics.
Fair value modelled at €1,309,238 from the area baseline, adjusted for condition and location. Asking €500,000 sits €809,238 (161.8%) below — the upside to fair value.
Asking €500,000 versus the rua Florbela Espanca, 1 area baseline of €2,955,000 (€1,576/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 15/100 (Condition 10 · Materials 10 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 54/100 (Housing Market 50 · Amenities 50 · Economic 45 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua Florbela Espanca, 1
Area baseline €2,955,000 + condition -€1,757,813 + location +€48,300 = modelled fair value of €1,309,238 (€698/m²), a €809,238 (161.8%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Florbela Espanca, 1 | Subject | €500,000 | €267 | — | — | 54 |
| autoestrada N365, 83 | Active | €395,000 | €470 | 76.3% | 15 | 47 |
| rua 31 de Janeiro, 14 | Active | €298,000 | €1,000 | 275.0% | — | 56 |
| largo do Seminário | Active | €497,000 | €326 | 22.1% | 20 | 54 |
| largo do Seminário | Active | €497,000 | €326 | 22.1% | 20 | 50 |
| Median comp | €446,000 | €398 | 49.2% | 20 | 52 |
Long-term rental The property is an attractive opportunity for long-term rental given its significant price gap of 161.8% compared to its fair value of €1,309,238. With the expected increase in demand for rental spaces in a rural area like União das Freguesias da Cidade de Santarém, this investment could yield a favorable return over time. Buy-and-hold Acquiring this property for a buy-and-hold strategy is beneficial, considering its current listing price of €500,000 is substantially lower than its fair market value. Holding the asset can leverage growth potential in a rural market where property values may appreciate as local economic activities develop further over the years.
Economic Vulnerability The economic stability score of 45/100 suggests a heightened risk of downturns affecting property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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