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 233 m², built in 1937, energy rating C. Located on rua Alfredo Keil, 2, Alcanena e Vila Moreira parish, Alcanena municipality, Santarém district. Noteworthy Features: This building offers established commercial income from a well-known restaurant, a key asset for immediate cash flow while renovating the apartments for future appreciation.
The valuation. The asking price of €135,000 is significantly above fair value, which is assessed at €46,408, resulting in an overpricing of €88,592 (65.6%). This price does not align with market expectations for similar properties. Buy-to-flip angle. A buy-and-flip strategy would require substantial renovations to address the outdated materials and finishes, ideally raising the resale value to exceed the current asking price substantially. Buy-to-let angle. The current condition suggests that a buy-to-let strategy may yield little to no rental income until improvements are made, as the gross yield stands at 0%. Long-term value-add renovations could enhance appeal for future tenants.
Fair value modelled at €46,408 from the area baseline, adjusted for condition and location. Asking €135,000 sits €88,592 (65.6%) above — overpriced versus fair value.
Asking €135,000 versus the rua Alfredo Keil, 2 area baseline of €188,264 (€808/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 (Condition 15 · Materials 25 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 53/100 (Housing Market 50 · Amenities 50 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Alfredo Keil, 2
Area baseline €188,264 + condition -€200,234 + location +€2,925 = modelled fair value of €46,408 (€199/m²), a €88,592 (65.6%) gap versus the €135,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alfredo Keil, 2 | Subject | €135,000 | €579 | — | 15 | 53 |
| rua Alexandre Herculano | Active | €120,000 | €1,224 | 111.3% | 20 | 49 |
| rua Propriedade Total C /, 2 | Active | €250,000 | €1,462 | 152.3% | — | 56 |
| São Mamede · 8bef14 | Active | €132,000 | €407 | 29.7% | 18 | 52 |
| rua Propriedade Total C /, 2 | Active | €350,000 | €1,977 | 241.3% | — | 43 |
| Median comp | €191,000 | €1,343 | 131.8% | 19 | 51 |
Long-term rental The property is overpriced at €135,000, compared to its fair value of €46,408, making it a poor candidate for long-term rental investment. With a 0% gross yield and a subpar neighborhood score of 53/100, the anticipated rental income would not justify the initial cost. Value-add renovation Although there is potential for value-add renovation, the current condition rating of 20/100 alongside the substantial gap from fair value indicates that the investment is not sound. Renovating this overpriced property would require a significant financial outlay, likely resulting in a negative return on investment given the economic context of the rural location. Not ideal for: Luxury market, Student housing
Economic vulnerability With an economic stability score of 45/100, the property faces significant risk from potential economic downturns affecting tenant demand and rental income.
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