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 apartment_building of 840 m², built in 1975, energy rating E. Located on autoestrada N365, 83, União das Freguesias da Cidade de Santarém parish, Santarém municipality, Santarém district. Noteworthy Features: The property is uniquely positioned at the starting point of the Santarém funicular, enhancing its appeal as a potential tourism and mobility hub.
The valuation. The asking price of €395,000 is significantly below the fair value of €590,671, making the property underpriced by €195,671 (49.5%). This presents an attractive opportunity for potential buyers. Buy-to-flip angle. Investors can pursue a renovation strategy to enhance the property's value and leverage its current underpriced status, aiming for a profitable resale in the local market. Buy-to-let angle. Due to its very limited upgrades and condition, the gross yield sits at 0%, indicating current rental income potential is non-existent, requiring substantial renovations to generate future cash flow.
Fair value modelled at €590,671 from the area baseline, adjusted for condition and location. Asking €395,000 sits €195,671 (49.5%) below — the upside to fair value.
Asking €395,000 versus the autoestrada N365, 83 area baseline of €1,323,840 (€1,576/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 18/100 (Condition 15 · Materials 20 · Room dimensions 25). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 47/100 (Housing Market 40 · Amenities 45 · Economic 45 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
autoestrada N365, 83
Area baseline €1,323,840 + condition -€745,500 + location -€16,229 = modelled fair value of €590,671 (€703/m²), a €195,671 (49.5%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| autoestrada N365, 83 | Subject | €395,000 | €470 | — | 15 | 47 |
| rua 31 de Janeiro, 14 | Active | €298,000 | €1,000 | 112.7% | — | 56 |
| rua Florbela Espanca, 1 | Active | €500,000 | €267 | 43.3% | — | 54 |
| largo do Seminário | Active | €497,000 | €326 | 30.7% | 20 | 54 |
| largo do Seminário | Active | €497,000 | €326 | 30.7% | 20 | 50 |
| Median comp | €497,000 | €326 | 30.7% | 20 | 54 |
Long-term rental This property presents a compelling opportunity for long-term rental, given its fair value of €590,671 compared to the listing price of €395,000, indicating an attractive gap of 49.5%. While the yield is currently at 0% and the condition needs significant improvement (18/100), the potential for appreciation in a rural area with limited competition is noteworthy. Buy-and-hold Investors looking for a buy-and-hold strategy may find this property appealing due to its significant discount from fair value, allowing for potential long-term capital gains as the area develops. The property’s current state (18/100) and low yield must be considered, but the upside of a 49.5% gap versus fair value provides an attractive rationale for holding in anticipation of future improvements in the local market.
Low Stability Risk With an economic stability score of 45/100 and a tenant stability score of 50/100, the property faces increased risk due to potential income fluctuations and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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