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, 3-bathroom house of 170 m², built in 2005, energy rating C. Located Meca parish, Alenquer municipality, Lisbon district. Noteworthy Features: This property includes a wine cellar area in the entrance hall and features an expansive outdoor space with a barbecue, wood oven, and lounge area that showcases unobstructed views.
The valuation. The asking price of €319,900 is significantly below the fair value of €412,028, creating a gap of €92,128 (22.4%). This indicates that the property is underpriced and presents a compelling purchasing opportunity.
Fair value modelled at €412,028 from 6 comparable sales in the area. Asking €319,900 sits €92,128 (22.4%) below — the upside to fair value.
Asking €319,900 versus the Meca, Alenquer, Lisbon area baseline of €280,894 (€1,652/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €280,894, adjusted for condition and micro-location, gives a modelled fair value of €412,028 (€2,424/m²), a €92,128 (22.4%) gap versus the €319,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Meca · 6a930f | Subject | €319,900 | €1,882 | — | 72 | 55 |
| Meca · 9386c1 | Active | €380,000 | €1,969 | 4.6% | — | 61 |
| Aldeia Galega da Merceana e Aldeia Gavinha · 225c25 | Active | €280,000 | €2,642 | 40.4% | 65 | 59 |
| calçada do Duque | Active | €225,000 | €2,206 | 17.2% | — | 57 |
| Meca · 41fff8 | Active | €480,750 | €2,090 | 11.1% | 70 | 61 |
| Median comp | €330,000 | €2,148 | 14.1% | 68 | 60 |
Long-term rental The property at €319,900 presents an attractive opportunity for long-term rental investors, with a 5.8% gross yield that is appealing in the current market. Given the fair value assessment of €412,028, there is a significant gap of 22.4%, indicating potential for appreciation over time. Buy-and-hold Investors pursuing a buy-and-hold strategy should recognize the subvalorizada positioning of this property with a favorable gap from its fair value. Holding this asset long-term could lead to increased value, especially as the area offers commuting potential to Lisbon, enhancing its attractiveness. Short-term vacation rental This property is not ideal for a short-term vacation rental strategy, as evidenced by a neighbourhood score of only 55/100, indicating limited tourism potential. The residential nature of the area does not cater well to short-term vacation rental demands. Luxury market Entering the luxury market with this property is not recommended, as its current valuation of €319,900 does not align with high-end offerings typically expected in that segment. The condition score of 77/100 reflects a modest property, which would not attract luxury buyers seeking premium features and locations.
Economic and Tenant Instability Risk The combined scores of 55/100 for both economic and tenant stability indicate a potential risk of fluctuating rental income and high vacancy rates, which could affect overall investment returns significantly.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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