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.
1-bedroom, 1-bathroom apartment of 56 m² on the 2nd floor, built in 2000, energy rating D. Located on rua Mira Parque, 2, Ericeira parish, Mafra municipality, Lisbon district. This apartment features a spacious balcony ideal for sunset views and is situated within a private condominium that includes landscaped gardens and direct access to a swimming pool.
The valuation. The asking price of €360,000 is €24,344 (7.3%) above the fair value of €335,656, indicating that the property is fairly priced in the current market context.
Fair value modelled at €335,656 from 6 comparable sales in the area. Asking €360,000 sits €24,344 (7.3%) above — overpriced versus fair value.
Asking €360,000 versus the rua Mira Parque, 2 area baseline of €388,143 (€6,931/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €388,143, adjusted for condition and micro-location, gives a modelled fair value of €335,656 (€5,994/m²), a €24,344 (7.3%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mira Parque, 2 | Subject | €360,000 | €6,429 | — | 70 | 56 |
| rua Mira Parque, 2 | Active | €360,000 | €5,373 | 16.4% | 70 | 56 |
| Ericeira · 388ad0 | Active | €595,000 | €3,563 | 44.6% | 73 | 60 |
| Ericeira · dee430 | Active | €540,000 | €5,294 | 17.6% | 65 | 64 |
| Ericeira · 225b83 | Active | €635,000 | €6,615 | 2.9% | — | 60 |
| Median comp | €567,500 | €5,334 | 17.0% | 70 | 60 |
Long-term rental The property in Ericeira is positioned for stable long-term rental demand due to its proximity to Lisbon and reasonable amenities, resulting in a gross yield of 3.7%. However, with the fair value set at €335,656 and the listing price at €360,000, the investment appears fair but not compelling compared to other opportunities in the area. Value-add renovation Although the apartment is in decent condition with a score of 68/100, some upgrades could enhance its appeal and potentially increase rental income. Nonetheless, given its fair market value relative to the asking price, it will require careful consideration before investment in renovations to ensure alignment with expected returns.
Economic and Tenant Stability Risk With an economic stability score of 55/100 and a tenant stability score of 60/100, there is a higher likelihood of fluctuations in rental income and potential vacancies affecting the property's profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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