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, 1-bathroom house of 176 m², energy rating F. Located Nossa Senhora da Piedade parish, Ourém municipality, Santarém district. Noteworthy Features: This property features access to a well and a variety of fruit trees on a spacious 1560 m² plot, alongside significant restoration potential for tourism development near Ourém Castle.
The valuation. The asking price of €120,000 sits significantly below the fair value of €182,394, creating an opportunity with a difference of €62,394 (52.0%). Verdict: underpriced.
Fair value modelled at €182,394 from the area baseline, adjusted for condition and location. Asking €120,000 sits €62,394 (52.0%) below — the upside to fair value.
Asking €120,000 versus the Nossa Senhora da Piedade, Ourém, Santarém area baseline of €283,360 (€1,610/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 (Condition 30 · Materials 35 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 57/100 (Housing Market 50 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Nossa Senhora da Piedade, Ourém, Santarém
Area baseline €283,360 + condition -€108,900 + location +€7,934 = modelled fair value of €182,394 (€1,036/m²), a €62,394 (52.0%) gap versus the €120,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nossa Senhora da Piedade · 92448f | Subject | €120,000 | €682 | — | 30 | 57 |
| Fátima · 423e49 | Active | €125,000 | €1,025 | 50.3% | — | 44 |
| São Mamede · 8bef14 | Active | €132,000 | €407 | 40.2% | 18 | 52 |
| São Mamede · 6c08a3 | Active | €175,000 | €1,207 | 77.0% | 68 | 46 |
| São Mamede · 428038 | Active | €175,000 | €1,207 | 77.0% | 73 | 46 |
| Median comp | €153,500 | €1,116 | 63.7% | 68 | 46 |
Long-term rental This property presents a compelling opportunity for long-term rental given its gross yield of 5.7% and significant gap to fair value at 52.0%. With a fair value of €182,394 compared to the listing price of €120,000, the investment is poised for capital appreciation as the local economy stabilizes. Family rental With ample space and a manageable condition score of 35/100, this 2-bed house is well-suited for families seeking affordable housing options in Nossa Senhora da Piedade. The strong gap to fair value suggests that this property can not only provide stable rental income but also potential for value growth as family demand rises in the region. Buy-and-hold The buy-and-hold strategy is appealing here, as the property is listed at €120,000, significantly below its fair value of €182,394. This presents an advantageous opportunity for long-term appreciation and solidified rental yields in a recovering neighborhood economy.
Low Economic and Tenant Stability Risk: With an economic stability score of 55/100 and tenant stability score of 60/100, there is a heightened risk of tenant turnover and economic downturn affecting rental income.
