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, 2-bathroom mix_use_building of 264 m², built in 1951, energy rating E. Located on rua Pedro de Matos, Carvoeiro parish, Mação municipality, Santarém district. Noteworthy Features: The building's stunning Art Deco elements include intricately embellished ceilings from 1929, while the generous outdoor space offers a unique setting for private leisure moments amidst natural views.
The valuation. The asking price of €199,000 is significantly above the fair value of €149,145, resulting in an excess of €49,855 (25.1%). Thus, the property is overpriced.
Fair value modelled at €149,145 from the area baseline, adjusted for condition and location. Asking €199,000 sits €49,855 (25.1%) above — overpriced versus fair value.
Asking €199,000 versus the rua Pedro de Matos area baseline of €255,024 (€966/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 (Condition 48 · Materials 60 · Room dimensions 58). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 38/100 (Housing Market 30 · Amenities 25 · Economic 30 · Tenant Quality 40). Softer demand indicators apply a discount to baseline.
rua Pedro de Matos
Area baseline €255,024 + condition -€93,638 + location -€12,241 = modelled fair value of €149,145 (€565/m²), a €49,855 (25.1%) gap versus the €199,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pedro de Matos | Subject | €199,000 | €754 | — | 48 | 38 |
| rua José António Morão, 87 | Active | €199,000 | €632 | 16.2% | 45 | 50 |
| Abrantes (São Vicente e São João) e Alferrarede · 8d9fdc | Active | €100,000 | €877 | 16.4% | — | 47 |
| Alter do Chão · c1f1e6 | Active | €80,000 | €667 | 11.6% | 30 | 49 |
| Sardoal · aff4a3 | Active | €190,000 | €931 | 23.6% | 30 | 43 |
| Median comp | €145,000 | €772 | 2.4% | 30 | 48 |
Long-term rental The property reflects a lack of rental yield at 0%, indicating that it may not generate consistent income for long-term rental purposes. Additionally, with a fair value of €149,145 and a listing price of €199,000, the property is overpriced by 25.1%, posing a risk for investors. Value-add renovation Although value-add renovation strategies typically improve property condition and value, the current property condition rating of 52/100 suggests significant investment is needed to bring it up to a competitive standard. However, considering the property's overpriced status at €199,000 against a fair value of €149,145, the potential return on renovation may not justify the elevated initial cost.
Economic and Tenant Instability Risk The low Economic Stability score of 30/100 and Tenant Stability score of 40/100 indicate a significant risk of financial instability and potential high turnover in tenants, suggesting a challenging environment for rental income continuity.
