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 128 m², built in 1980, energy rating E. Located Meca parish, Alenquer municipality, Lisbon district. Noteworthy Features: The property boasts extensive outdoor space, including a large yard perfect for gatherings, and an attic offering potential for versatile use or expansion.
The valuation. The asking price of €369,000 is significantly above the fair value of €247,296, representing an overvaluation of €121,704 (33.0%). This price does not align with the current market dynamics. Buy-to-flip angle. Given the property’s condition rating of 67/100, a buy-to-flip strategy could capitalize on modern upgrades, especially in the kitchen and bathrooms, to elevate market appeal and profit effectively. Buy-to-let angle. Projecting a gross yield of 3% at €922/month indicates limited cash flow potential for long-term rental, which may require careful consideration of ongoing expenses versus rental income.
Fair value modelled at €247,296 from the area baseline, adjusted for condition and location. Asking €369,000 sits €121,704 (33.0%) above — overpriced versus fair value.
Asking €369,000 versus the Meca, Alenquer, Lisbon area baseline of €253,568 (€1,981/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 72 · Materials 68 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 59/100 (Housing Market 60 · Amenities 50 · Economic 70 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Meca, Alenquer, Lisbon
Area baseline €253,568 + condition -€15,400 + location +€9,128 = modelled fair value of €247,296 (€1,932/m²), a €121,704 (33.0%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Meca · 99f4a1 | Subject | €369,000 | €2,883 | — | 72 | 59 |
| Meca · 65a602 | Active | €359,000 | €2,805 | 2.7% | 68 | 64 |
| Olhalvo · 001c05 | Active | €247,500 | €2,661 | 7.7% | 75 | 60 |
| rua Doutor Luíz Villar, 94 | Active | €368,000 | €2,573 | 10.7% | 85 | 61 |
| calçada do Duque | Active | €225,000 | €2,206 | 23.5% | — | 57 |
| Median comp | €303,250 | €2,617 | 9.2% | 75 | 61 |
Long-term rental The current listing price of €369,000 represents a significant gap of 33% above the fair value of €247,296, indicating the property is overpriced. The gross yield of 3% does not justify the elevated price, especially with a neighborhood score of 59/100 and a condition rating of 67/100. Buy-and-hold With a market entry price of €369,000, this property is notably overvalued compared to its assessed fair value of €247,296. Given the modest gross yield of 3% and potential suburban expansion, long-term capital appreciation appears limited due to the property being overpriced in the current market. Short-term vacation rental The house is not suitable for a short-term vacation rental strategy, as its pricing at €369,000 is significantly above the fair value of €247,296, categorizing it as overpriced. Additionally, the 3% yield combined with the neighborhood rating of 59/100 suggests that it may struggle to attract the necessary short-term rental demand to justify the investment.
Tenant turnover risk High tenant turnover may result from the low tenant stability score of 55/100, potentially leading to increased vacancy rates and associated costs.
