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. Noteworthy Features: This apartment offers a modern kitchen with top-of-the-line appliances and a heat recovery system in the living room for enhanced energy efficiency.
The valuation. The asking price of €249,800 is significantly above the fair value of €188,488, marking an overvaluation of €61,312 or 24.5%. This indicates that the property is overpriced for the market. Buy-to-flip angle. A buy-to-flip strategy could aim to renovate and upgrade the property, leveraging its high condition rating to resell it at a higher price, although the current market suggests potential buyers may be deterred by its asking price. Buy-to-let angle. With an estimated gross yield of 5.5%, renting this apartment for around €1,145/month could generate steady cash flow, appealing particularly to families looking for well-finished accommodations in the area.
Fair value modelled at €188,488 from the area baseline, adjusted for condition and location. Asking €249,800 sits €61,312 (24.5%) 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 78 · Materials 82 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 55/100 (Housing Market 50 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Comandante Alves
Area baseline €177,072 + condition +€7,875 + location +€3,541 = modelled fair value of €188,488 (€1,683/m²), a €61,312 (24.5%) gap versus the €249,800 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Comandante Alves | Subject | €249,800 | €2,230 | — | 78 | 55 |
| rua Comandante Alves | Active | €249,800 | €2,230 | 0% | 75 | 53 |
| rua Comandante Alves | Active | €249,800 | €2,230 | 0% | 78 | 54 |
| estrada da Nazaré | Active | €199,000 | €1,990 | 10.8% | 74 | 59 |
| estrada da Nazaré | Active | €199,000 | €1,990 | 10.8% | 73 | 54 |
| Median comp | €224,400 | €2,110 | 5.4% | 75 | 54 |
Long-term rental While the gross yield of 5.5% may seem appealing, the property is significantly overpriced at €249,800 compared to a fair value of €188,488, representing a 24.5% gap. This mismatch indicates that long-term rental returns may not justify the initial investment cost in the current market. Family rental The property shows potential for family rental given its size and the relatively good condition score of 80/100; however, its pricing at €249,800 positions it as overpriced when compared to the fair value of €188,488. Families might seek more value-driven options in the neighborhood, where tenant quality and amenities are modest. Not ideal for luxury market Given the high price point relative to its fair value, this property does not align with luxury market expectations, positioning it as a less appealing investment. The neighborhood's score of 55/100 further indicates the challenges it would face in commanding a premium price. Not ideal for short-term vacation rental With the property being overpriced by 24.5% and a limited neighborhood appeal, it may struggle in the short-term vacation rental market where competition and guest expectations are higher. Potential tenants looking for vacation rentals typically favor locations with a better perceived value and amenities, further limiting the attractiveness of this investment.
Economic Dependence Risk The economic stability score of 50/100 indicates a reliance on potentially unstable economic conditions, which may affect tenant retention and rental income.
