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 106 m² on the 2nd floor, built in 1999, energy rating D. Located Ericeira parish, Mafra municipality, Lisbon district. Unique Feature: This apartment boasts direct access to a spacious terrace featuring panoramic ocean views, perfect for hosting gatherings or relaxing with the sound of the waves. Condition Notes: With a Local Accommodation License, this property is a lucrative investment opportunity in a prime coastal location.
The valuation. The asking price of €585,000 is significantly below the fair value of €800,761, indicating that the property is subvalued by €215,761 (26.9%). This presents a compelling opportunity for potential investors.
Fair value modelled at €800,761 from 5 comparable sales in the area. Asking €585,000 sits €215,761 (26.9%) below — the upside to fair value.
Asking €585,000 versus the Ericeira, Mafra, Lisbon area baseline of €857,652 (€8,091/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 below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €857,652, adjusted for condition and micro-location, gives a modelled fair value of €800,761 (€7,554/m²), a €215,761 (26.9%) gap versus the €585,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ericeira · 62746f | Subject | €585,000 | €5,519 | — | 76 | 58 |
| rua dos Três Moinhos | Active | €519,000 | €3,932 | 28.8% | 72 | 47 |
| Ericeira · 38a066 | Active | €519,000 | €3,932 | 28.8% | 78 | 46 |
| Ericeira · 024246 | Active | €720,000 | €10,141 | 83.7% | 72 | 65 |
| Ericeira · 225bbd | Active | €575,000 | €13,690 | 148.1% | 76 | 58 |
| Median comp | €547,000 | €7,037 | 27.5% | 74 | 53 |
Buy-and-hold The Ericeira apartment presents a compelling buy-and-hold opportunity as it is currently listed at €585,000 despite a fair value of €800,761, indicating a 26.9% gap. With a gross rental yield of 3.4%, the property is positioned to appreciate over time while generating steady income. Long-term rental This apartment is well-suited for long-term rental investments, benefiting from its underpriced status and the local economic influences from nearby Torres Vedras. The condition rating of 78/100 suggests that it is rent-ready, appealing to quality tenants despite the neighborhood scoring 58/100. Value-add renovation With a current listing price significantly below fair market value, the Ericeira apartment offers potential for value-add renovations that can elevate its status and rental income. The existing condition score of 78/100 provides a solid baseline for upgrades that could enhance tenant appeal and improve future valuations.
Economic vulnerability With an economic stability score of 50/100, the property may face increased risks due to economic fluctuations that could affect 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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