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 apartment of 110 m², built in 2004, energy rating D. Located on praceta Gaspar Corte Real, 62, Carregado e Cadafais parish, Alenquer municipality, Lisbon district. Unique feature: The property offers striking panoramic views of the surrounding landscape from its elevated 8th-floor balcony, enhancing both light and outdoor enjoyment. Additional note: Ample storage space is available in the designated storage room.
The valuation. The asking price of €337,000 is significantly above the fair value of €198,852, presenting an overvaluation of €138,148 or 41.0%. This property is not a suitable investment at its current price point.
Fair value modelled at €198,852 from the area baseline, adjusted for condition and location. Asking €337,000 sits €138,148 (41.0%) above — overpriced versus fair value.
Asking €337,000 versus the praceta Gaspar Corte Real, 62 area baseline of €230,890 (€2,099/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 57 · Materials 54 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 47/100 (Housing Market 40 · Amenities 40 · Economic 45 · Tenant Quality 60). Softer demand indicators apply a discount to baseline.
praceta Gaspar Corte Real, 62
Area baseline €230,890 + condition -€34,375 + location -€2,833 = modelled fair value of €198,852 (€1,808/m²), a €138,148 (41.0%) gap versus the €337,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Gaspar Corte Real, 62 | Subject | €337,000 | €3,064 | — | 57 | 47 |
| praceta Gaspar Corte Real, 58 | Active | €285,000 | €2,375 | 22.5% | 70 | 55 |
| Carregado e Cadafais · 38c1f1 | Active | €310,000 | €2,627 | 14.2% | 70 | 51 |
| praceta Pedro Álvares Cabral | Active | €285,000 | €2,908 | 5.1% | 68 | 47 |
| Carregado e Cadafais · 6fbd2e | Active | €280,000 | €2,857 | 6.7% | 68 | 50 |
| Median comp | €285,000 | €2,742 | 10.5% | 69 | 51 |
Value-add renovation The property is overpriced at €337,000, significantly exceeding its fair value of €198,852, indicating limited potential for profitable renovations. With a condition score of 55/100, any renovations may not yield the significant return on investment typically sought in value-add strategies. Long-term rental Given a gross yield of 3.4%, the property does not align with the expected returns for long-term rental investments in this market. The neighbourhood rating of 47/100 further suggests that the property may not attract quality tenants, reducing its overall appeal for this strategy.
Low Economic Stability Risk Given an economic stability score of 45/100, there is a heightened risk that potential fluctuations in the economy could adversely affect occupancy rates or rental income.**
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