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 mix_use_building of 919 m², energy rating D. Located on rua Pedro Canavarro S / N, União das Freguesias da Cidade de Santarém parish, Santarém municipality, Santarém district. Noteworthy Features: The property includes a catering-licensed commercial unit, enhancing its income potential, while the first floor’s exclusive 132.40 m² yard offers a rare private outdoor space in a historic area.
The valuation. The asking price of €550,000 sits significantly below the fair value of €983,319, indicating a difference of €433,319 (78.8%). This property is considered underpriced and presents a unique opportunity for investors. Buy-to-flip angle. The resale strategy focuses on executing value-add renovations to enhance the property’s appeal and achieve a profitable return upon resale. By improving the dated features, the aim is to capture a higher market price. Buy-to-let angle. The rental income strategy involves transforming the space into desirable units that can command competitive rents in the local market. Although the gross yield is currently 0%, with improvements, a strong rental return can be anticipated.
Fair value modelled at €983,319 from the area baseline, adjusted for condition and location. Asking €550,000 sits €433,319 (78.8%) below — the upside to fair value.
Asking €550,000 versus the rua Pedro Canavarro S / N area baseline of €1,479,590 (€1,610/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 (Condition 38 · Materials 45 · Room dimensions 48). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 45/100 (Housing Market 50 · Amenities 40 · Economic 45 · Tenant Quality 45). Softer demand indicators apply a discount to baseline.
rua Pedro Canavarro S / N
Area baseline €1,479,590 + condition -€466,680 + location -€29,592 = modelled fair value of €983,319 (€1,070/m²), a €433,319 (78.8%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pedro Canavarro S / N | Subject | €550,000 | €598 | — | 38 | 45 |
| rua 31 de Janeiro, 14 | Active | €298,000 | €1,000 | 67.1% | — | 56 |
| largo do Seminário | Active | €497,000 | €326 | 45.6% | 20 | 50 |
| autoestrada N365, 83 | Active | €395,000 | €470 | 21.4% | 15 | 47 |
| largo do Seminário | Active | €497,000 | €326 | 45.6% | 20 | 54 |
| Median comp | €446,000 | €398 | 33.5% | 20 | 52 |
Long-term rental The property presents a compelling long-term rental opportunity given its fair value assessment, which suggests a significant gap that indicates potential for future appreciation. While the location may not attract high tenant quality, the price point relative to fair value presents an opportunity for stable rental income over time. Value-add renovation The current condition rating of 43/100 suggests a need for significant renovation, which could unlock additional value and elevate the property's appeal. By investing in upgrades, the property could leverage its underpriced status and enhance both tenant quality and yield in a gradually improving neighborhood.
Weak tenant retention risk: With both economic and tenant stability scores at 45/100, there is a significant risk of high tenant turnover, potentially leading to increased vacancy rates and unstable rental income.
