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 196 m², energy rating D. Located on rua Castelo Melhor, Carregado e Cadafais parish, Alenquer municipality, Lisbon district. Noteworthy Features: This apartment boasts a spacious 41.42 m² terrace, ideal for outdoor gatherings, and a luxurious spa bathtub in the master bathroom, enhancing comfort and relaxation.
The valuation. The asking price of €379,000 is significantly below the fair value of €474,651, making this property subvalued by €95,651 (20.2%). This presents a compelling opportunity for investors looking to enter a promising market.
Fair value modelled at €474,651 from 6 comparable sales in the area. Asking €379,000 sits €95,651 (20.2%) below — the upside to fair value.
Asking €379,000 versus the rua Castelo Melhor area baseline of €338,414 (€1,727/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €338,414, adjusted for condition and micro-location, gives a modelled fair value of €474,651 (€2,422/m²), a €95,651 (20.2%) gap versus the €379,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Castelo Melhor | Subject | €379,000 | €1,934 | — | 80 | 52 |
| rua Florbela Espanca | Active | €299,000 | €1,812 | 6.3% | 73 | 50 |
| rua Castelo Melhor, 19 | Active | €430,000 | €1,894 | 2.0% | 75 | 54 |
| rua Prof. Doctor Dom Pedro da Cunha Marquês de Olhão, 26 | Active | €345,000 | €2,654 | 37.2% | 78 | 46 |
| Alenquer (Santo Estévão e Triana) · 4d44aa | Active | €389,000 | €2,343 | 21.2% | 74 | 61 |
| Median comp | €367,000 | €2,119 | 9.6% | 75 | 52 |
Long-term rental The 3-bed apartment in Carregado e Cadafais offers a gross yield of 4%, making it a solid choice for long-term rental investments, especially given its fair value of €474,651. With a condition rating of 82/100, the property is well-maintained, enhancing its attractiveness to potential tenants. Family rental Given the property's size of 196m², it is ideal for families seeking spacious accommodations in a semi-rural area with moderate access to amenities. The current listing price of €379,000 represents a 20.2% gap below the fair value, suggesting a favorable opportunity for family rentals in a growing neighborhood.
Economic and Tenant Instability With an economic stability score of 50/100 and a tenant stability score of 54/100, there is a heightened risk of fluctuating income and potential tenant turnover affecting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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