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, 0-bathroom house of 173 m², energy rating B. Located Milharado parish, Mafra municipality, Lisbon district. Noteworthy Features: This property includes a spacious outdoor area perfect for recreational activities, and is situated in a village known for its rich agricultural heritage and scenic landscapes.
The valuation. The asking price of €461,500 exceeds the fair value of €391,610 by €69,890 (17.8%), indicating that the property is overpriced relative to market expectations.
Fair value modelled at €391,610 from 6 comparable sales in the area. Asking €461,500 sits €69,890 (17.8%) above — overpriced versus fair value.
Asking €461,500 versus the Milharado, Mafra, Lisbon area baseline of €335,191 (€1,938/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €335,191, adjusted for condition and micro-location, gives a modelled fair value of €391,610 (€2,264/m²), a €69,890 (17.8%) gap versus the €461,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Milharado · 86cbdb | Subject | €461,500 | €2,668 | — | 75 | 57 |
| praceta Florêncio Canas, 13 | Active | €385,000 | €2,637 | 1.1% | 80 | 62 |
| rua das Quintas, 5 | Active | €299,000 | €3,322 | 24.5% | 68 | 65 |
| rua Casal da Boa Vista, 17A | Active | €797,000 | €2,297 | 13.9% | 80 | 60 |
| Enxara do Bispo, Gradil e Vila Franca do Rosário · 023d02 | Active | €444,900 | €2,032 | 23.8% | 74 | 59 |
| Median comp | €414,950 | €2,467 | 7.5% | 77 | 61 |
Long-term rental The property offers a gross yield of 4%, which is somewhat attractive; however, given its pricing at €461,500 compared to a fair value of €391,610, the investment is ultimately overpriced. Additionally, with a neighborhood score of 57/100, tenant quality and amenities may not justify this valuation, affecting rental demand and return potential. Buy-and-hold Holding onto this property is not advisable as the current listing price is 17.8% above fair value, indicating that long-term capital appreciation is uncertain at best. Furthermore, the peripheral location and car dependence could limit future market demand, making this investment less appealing in the long run. Value-add renovation While the house is in decent condition with a score of 78/100, any potential renovations would likely not lead to sufficient value increase to offset the current overpriced listing of €461,500. Therefore, investing in renovations might not yield the returns needed to bridge the 17.8% gap to fair value, rendering this strategy less favorable. Not ideal for: Given the peripheral location and lower neighborhood quality, the property is not suitable for a short-term vacation rental strategy, which thrives in more attractive, amenity-rich areas. Additionally, its overpriced status further disqualifies it as a viable luxury market investment, where premium pricing would not align with the expected returns.
Economic Vulnerability With an economic stability score of 45/100, there is a significant risk of fluctuations in the local market that could affect property value and rental income.
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