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, 3-bathroom house of 292 m², built in 1989, energy rating C. Located on rua dos Descobrimentos S / N, Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Features: The property boasts a panoramic terrace offering stunning sea views, and a private garden equipped with a barbecue area ideal for family leisure activities.
The valuation. The asking price of €990,000 is significantly above the fair value of €875,372, resulting in an overpricing of €114,628 (13.1%). This suggests that prospective buyers may want to negotiate based on the current market conditions. Buy-to-flip angle. The potential for a buy-to-flip strategy appears limited due to the property being overpriced, which could hinder rapid resale. However, minor renovations could potentially add value, appealing to families wanting modern amenities. Buy-to-let angle. With an estimated gross yield of 4.2% (€3,465/month), the property can generate steady rental income. Its suburban location is attractive for long-term family rentals, although competition may be a factor.
Fair value modelled at €875,372 from 6 comparable sales in the area. Asking €990,000 sits €114,628 (13.1%) above — overpriced versus fair value.
Asking €990,000 versus the rua dos Descobrimentos S / N area baseline of €1,162,562 (€3,981/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €1,162,562, adjusted for condition and micro-location, gives a modelled fair value of €875,372 (€2,998/m²), a €114,628 (13.1%) gap versus the €990,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Descobrimentos S / N | Subject | €990,000 | €3,390 | — | 68 | 61 |
| Ericeira · b7c2f4 | Active | €899,000 | €1,967 | 42.0% | 72 | 56 |
| Ericeira · 1e6584 | Active | €749,000 | €1,395 | 58.9% | 70 | 62 |
| rua Oceano Pacífico, 2 | Active | €1,400,000 | €3,509 | 3.5% | 65 | 53 |
| Carvoeira · 1e6386 | Active | €550,000 | €2,973 | 12.3% | — | 58 |
| Median comp | €824,000 | €2,470 | 27.1% | 70 | 57 |
Family rental The 4-bed house in Ericeira is overpriced with a listing of €990,000, compared to a fair value of €875,372, indicating a 13.1% gap. With a gross yield of only 4.2%, the investment may yield insufficient returns for family rental purposes. Long-term rental Given the current listing price significantly exceeds fair value, the property appears overpriced at €990,000 against a fair value of €875,372. The neighborhood rating of 61/100 further suggests limited demand, which could adversely affect long-term rental profitability. Buy-and-hold While the property is situated in a suburban area with reasonable access to Lisbon, its overpriced status at €990,000, compared to a fair value of €875,372, limits its attractiveness for a buy-and-hold strategy. The 4.2% gross yield and neighborhood condition score of 71/100 imply moderate risk in long-term appreciation potential.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of economic downturn, which could adversely affect rental income and property value. Tenant Turnover Risk With a tenant stability score of 65/100, there is a higher likelihood of tenant turnover, potentially leading to increased vacancy rates and loss of rental income.
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