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, 1-bathroom apartment of 78 m², built in 1911, energy rating D. Located on rua das Farinhas, Santa Maria Maior parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment features an active short-term rental license, making it a lucrative investment opportunity for those interested in the rental market in Lisbon.
The valuation. The asking price of €450,000 sits significantly above the fair value of €96,503, representing an overpricing of €353,497 (78.6%). This discrepancy indicates a need for careful evaluation before any investment commitment.
Fair value modelled at €96,503 from the area baseline, adjusted for condition and location. Asking €450,000 sits €353,497 (78.6%) above — overpriced versus fair value.
Asking €450,000 versus the rua das Farinhas area baseline of €402,012 (€5,154/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 78 · Materials 75 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 83/100 (Housing Market 90 · Amenities 90 · Economic 90 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua das Farinhas
Area baseline €402,012 + condition +€1,584 + location +€11,068 = modelled fair value of €96,503 (€1,237/m²), a €353,497 (78.6%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Farinhas | Subject | €450,000 | €5,769 | — | 78 | 83 |
| beco de São Luís da Pena | Active | €360,000 | €5,538 | 4.0% | 74 | 84 |
| rua Dom Tomás de Melo Breyner | Active | €435,000 | €5,878 | 1.9% | 75 | 78 |
| Penha de França · 262122 | Active | €398,000 | €4,795 | 16.9% | 75 | 79 |
| rua Latino Coelho, 34 | Active | €950,000 | €7,308 | 26.7% | 70 | 80 |
| Median comp | €416,500 | €5,708 | 1.1% | 75 | 80 |
Long-term rental The property’s high asking price of €450,000 presents a notable discrepancy against its fair value of €96,503, indicating it is overpriced. With a gross yield of only 3.9%, this investment could struggle to deliver adequate returns in a competitive rental market. Short-term vacation rental Although Santa Maria Maior enjoys high demand for short-term rentals due to tourism, the property’s valuation significantly surpasses its fair value of €96,503, which means it is overpriced. A gross yield of 3.9% will likely deter potential investors looking for profitable vacation rental opportunities. Buy-and-hold Investing in this property under the current valuation of €450,000 is not advisable as it represents a 78.6% gap from its fair value of €96,503, marking it as overpriced. The long-term appreciation potential may not offset this substantial initial investment cost given the low yield of 3.9% and high listing price.
Tenant turnover risk With a tenant stability score of 65/100, there is a heightened risk of turnover impacting rental income stability.
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