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.
4-bedroom, 2-bathroom house of 108 m², built in 1950, energy rating F. Located on rua dos Moinhos, 24, Encarnação parish, Mafra municipality, Lisbon district. Noteworthy Features: This property includes an independent annex with a private bathroom, ideal for guests or as a home office, enhancing its versatility and rental potential.
The valuation. The asking price of €389,000 significantly exceeds the fair value of €223,326, reflecting an overpricing of €165,674 (42.6%). This indicates a poor investment choice for price-conscious buyers.
Fair value modelled at €243,481 from 6 comparable sales in the area. Asking €389,000 sits €145,519 (59.8%) above — overpriced versus fair value.
Asking €389,000 versus the rua dos Moinhos, 24 area baseline of €283,302 (€3,828/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €283,302, adjusted for condition and micro-location, gives a modelled fair value of €243,481 (€3,290/m²), a €145,519 (59.8%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Moinhos, 24 | Subject | €389,000 | €5,257 | — | 60 | 58 |
| Ventosa · ee8934 | Active | €275,000 | €1,239 | 76.4% | 70 | 51 |
| rua dos Pescadores, 3 | Active | €410,000 | €4,881 | 7.1% | 62 | 64 |
| Encarnação · 828fb4 | Active | €570,000 | €4,453 | 15.3% | — | 50 |
| Encarnação · ba5bdd | Active | €565,000 | €2,511 | 52.2% | — | 49 |
| Median comp | €487,500 | €3,482 | 33.8% | 66 | 51 |
Long-term rental The property's gross yield of 4.6% indicates a modest return for long-term rental investors, especially in a market where housing prices are 42.6% above fair value. Given the rural context and the neighbourhood's lower ratings, potential renters may be less willing to pay a premium, making this investment less attractive. Buy-and-hold Investing in this property aligns with a buy-and-hold strategy only if the investor is prepared for slow appreciation due to its overpriced nature, with the market clearly indicating a significant gap from fair value. Furthermore, the economic conditions and amenities in the rural location suggest limited growth potential, making it a less compelling option for long-term capital gains.
Economic Vulnerability With a low economic stability score of 55/100, this property may be at risk from local market fluctuations and economic downturns that could affect tenant occupancy and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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