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 120 m², built in 1974. Located on estrada Velha, 3, Meca parish, Alenquer municipality, Lisbon district. Noteworthy Features: The property boasts a sprawling 5000m² south-facing plot, perfect for cultivating a garden or creating a dedicated leisure space in a serene environment.
The valuation. The asking price of €120,000 is significantly below the fair value of €152,528, indicating a difference of €32,528 (27.1%). This property is considered underpriced and presents a strong opportunity for investment.
Fair value modelled at €152,528 from the area baseline, adjusted for condition and location. Asking €120,000 sits €32,528 (27.1%) below — the upside to fair value.
Asking €120,000 versus the estrada Velha, 3 area baseline of €237,720 (€1,981/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 (Condition 20 · Materials 30 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 59/100 (Housing Market 50 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
estrada Velha, 3
Area baseline €237,720 + condition -€93,750 + location +€8,558 = modelled fair value of €152,528 (€1,271/m²), a €32,528 (27.1%) gap versus the €120,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada Velha, 3 | Subject | €120,000 | €1,000 | — | 20 | 59 |
| rua do Largo | Active | €116,500 | €1,189 | 18.9% | 25 | 62 |
| rua das Carreiras, 32 | Active | €150,000 | €1,136 | 13.6% | 25 | 56 |
| Meca · 65a602 | Active | €359,000 | €2,805 | 180.5% | 68 | 64 |
| Meca · 99f4a1 | Active | €369,000 | €2,883 | 188.3% | 72 | 59 |
| Median comp | €254,500 | €1,997 | 99.7% | 47 | 61 |
Long-term rental The property in Meca, Alenquer shows a significant gap of 27.1% from its fair value of €152,528, positioning it as a solid candidate for long-term rental investment due to its attractive yield of 7.5% gross. Despite its lower condition rating of 25/100, the potential rental income can offset the initial outlay over time, making this strategy viable for steady cash flow. Buy-and-hold Investing in this property for a buy-and-hold strategy leverages its current listing price of €120,000 against a fair value of €152,528, illustrating its potential for capital appreciation as the neighborhood develops. The 7.5% gross yield is a strong incentive for holding the asset long-term, although the property's condition indicates a need for future investments in renovations to maximize value. Not ideal for luxury market The property’s modest location in Meca, Alenquer, coupled with its 25/100 condition rating, suggests it is not suitable for the luxury market segment, which demands higher standards and amenities. Therefore, pursuing a strategy aimed at higher-end clientele is unlikely to yield the desired returns. Not ideal for short-term rental Given that Meca is not a major economic hub or tourist center, the property is unsuited for short-term rental strategies, as demand in such markets typically gravitates towards more desirable locations. The less favorable neighborhood rating of 59/100 further supports the low potential for short-term rental profitability. Not ideal for student housing With a suburban characteristic and limited access to major universities or colleges, this property does not meet the criteria for successful student housing strategies. The overall neighborhood conditions and amenities rating suggest there is insufficient appeal for this demographic, making it an impractical investment choice.
Economic Vulnerability The property’s low economic stability score of 50/100 suggests a heightened risk of financial downturns, which could lead to reduced demand and rental income.
