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 304 m², built in 2005, energy rating D. Located on rua Várzea da Lapa S / N, Venda do Pinheiro e Santo Estêvão das Galés parish, Mafra municipality, Lisbon district. The apartment boasts a remarkable 71 m² private terrace with a pool, barbecue area, and dual access points, enhancing outdoor entertainment and privacy for gatherings.
The valuation. The asking price of €480,000 is significantly lower than the fair value of €713,353, positioning the property as undervalued by €233,353 (48.6%). This disparity presents an attractive opportunity for savvy investors.
Fair value modelled at €713,353 from the area baseline, adjusted for condition and location. Asking €480,000 sits €233,353 (48.6%) below — the upside to fair value.
Asking €480,000 versus the rua Várzea da Lapa S / N area baseline of €947,568 (€3,117/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 73 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Várzea da Lapa S / N
Area baseline €947,568 + condition +€950 + location +€60,019 = modelled fair value of €713,353 (€2,347/m²), a €233,353 (48.6%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Várzea da Lapa S / N | Subject | €480,000 | €1,579 | — | 73 | 73 |
| travessa Moinho Velho | Active | €326,000 | €2,587 | 63.9% | 72 | 60 |
| Malveira e São Miguel de Alcainça · 937623 | Active | €439,000 | €2,778 | 76.0% | 74 | 67 |
| rua do Liceu | Active | €350,000 | €2,593 | 64.2% | 75 | 67 |
| avenida de Portugal | Active | €425,000 | €2,911 | 84.4% | 72 | 58 |
| Median comp | €387,500 | €2,686 | 70.1% | 73 | 64 |
Long-term rental The property in Venda do Pinheiro e Santo Estêvão das Galés presents a strong opportunity for long-term rentals given its significant gap of 48.6% compared to the fair value. With good access to Lisbon and a favorable neighborhood for families, the investor can expect stable demand despite the current 0% gross yield. Family rental This 3-bed apartment is ideally suited for family rentals, especially considering the high fair value of €713,353 and the favorable local amenities. Families seeking proximity to Lisbon will find the 304m² space highly appealing, making it a prime candidate for consistent occupancy in the market. Buy-and-hold With a fair value significantly higher than the listing price, investing in this property as a buy-and-hold strategy is promising, given the projected appreciation alongside the area's housing demand. The 0% gross yield should be evaluated against the potential long-term capital gains, marking this property as a strategic acquisition for future growth.
Potential Tenant Turnover The tenant stability score of 65/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy rates and additional costs associated with re-leasing the property.
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