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 duplex of 110 m², energy rating C. Located on rua do Alecrim, 11, Misericórdia parish, Lisbon municipality, Lisbon district. This property boasts two balconies providing ample outdoor space and a pre-installation for air conditioning to enhance comfort during warmer months.
The valuation. The asking price of €290,000 is significantly below fair value, indicating a difference of €209,813, or 72.3%. This property is clearly underpriced compared to the fair valuation of €499,813.
Fair value modelled at €499,813 from the area baseline, adjusted for condition and location. Asking €290,000 sits €209,813 (72.3%) below — the upside to fair value.
Asking €290,000 versus the rua do Alecrim, 11 area baseline of €642,070 (€5,837/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 83/100 (Housing Market 90 · Amenities 90 · Economic 90 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua do Alecrim, 11
Area baseline €642,070 + condition +€9,453 + location +€57,180 = modelled fair value of €499,813 (€4,544/m²), a €209,813 (72.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alecrim, 11 | Subject | €290,000 | €2,636 | — | 78 | 83 |
| rua Andrade S / N | Active | €848,000 | €5,769 | 118.8% | 80 | 85 |
| rua Eduardo Coelho | Active | €895,000 | €7,716 | 192.7% | 70 | 82 |
| Arroios · 90d9aa | Active | €1,300,000 | €7,514 | 185.0% | 80 | 85 |
| rua dos Açores, 53 | Active | €560,000 | €5,283 | 100.4% | 75 | 79 |
| Median comp | €871,500 | €6,642 | 151.9% | 78 | 84 |
Long-term rental The property in Misericórdia offers a strong gross yield of 7.3%, making it an attractive option for long-term rental investments. With a fair value of €499,813 compared to the listing price of €290,000, there is significant potential for rental income growth in this desirable neighborhood. Short-term vacation rental Given the high tourist appeal and the location’s amenities, the duplex represents a promising opportunity for short-term vacation rental. The current listing price allows for a competitive edge in attracting visitors, which can further enhance profitability in a vibrant area like Misericórdia. Buy-and-hold Investing in this duplex as a buy-and-hold strategy aligns well with the potential for value appreciation, given that it is priced at €290,000 versus a fair value of €499,813. Holding onto the property could yield significant returns as the central Lisbon market continues to develop, benefiting from its 83/100 neighborhood score. Not ideal for student housing This property does not suit the student housing market due to the limited demand in terms of suitable amenities and the transient nature of the tenant pool. Furthermore, the desirability of the location aligns more with professional and tourist renters rather than students. Not ideal for luxury market While the property is located in a prime area, it does not cater to the luxury market, which typically seeks higher-end finishes and larger spaces. The current condition rating of 81/100 suggests it may not meet the expectations of luxury clientele in premium neighborhoods.
Tenant turnover risk The tenant stability score of 60/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy rates and potential loss of rental income.
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