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 170 m² on the 2nd floor, built in 2003, energy rating C. Located Monte Redondo e Carreira parish, Leiria municipality, Leiria district. Noteworthy Feature: The spacious attic with Velux windows offers versatile use as a billiard room, office, or leisure area, enhancing the living space significantly beyond standard layouts. Location Advantages: Proximity to parks and future business developments promises future growth and community enhancements.
The valuation. The asking price of €230,000 is significantly above the fair value of €161,397, with a discrepancy of €68,603 (42.5%). This property is considered overpriced. Buy-to-flip angle. A buy-to-flip strategy here would involve updating the dated materials to enhance aesthetic appeal and attract buyers, potentially achieving a higher resale price targeted within 6-12 months. Buy-to-let angle. The rental income strategy is less favorable with an estimated gross yield of 0%, indicating that holding onto this property for long-term rental income may not be financially prudent due to the significant asking price.
Fair value modelled at €161,397 from 6 comparable sales in the area. Asking €230,000 sits €68,603 (42.5%) above — overpriced versus fair value.
Asking €230,000 versus the Monte Redondo e Carreira, Leiria, Leiria area baseline of €172,078 (€1,012/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €172,078, adjusted for condition and micro-location, gives a modelled fair value of €161,397 (€949/m²), a €68,603 (42.5%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Redondo e Carreira · 1442cc | Subject | €230,000 | €1,353 | — | 70 | 50 |
| Marrazes e Barosa · fad835 | Active | €400,000 | €1,053 | 22.2% | 60 | 55 |
| Monte Real e Carvide · 6c08ba | Active | €215,000 | €736 | 45.6% | 42 | 51 |
| avenida Cidade de Maringá S / N | Active | €165,000 | €1,684 | 24.4% | 65 | 55 |
| rua da Aldeia, 73 | Active | €110,000 | €846 | 37.5% | — | 48 |
| Median comp | €190,000 | €950 | 29.8% | 60 | 53 |
Long-term rental The property at Monte Redondo e Carreira is not suitable for long-term rental due to its significant price of €230,000, which exceeds the fair value of €161,397 by 42.5%. With a gross yield of 0% and a neighborhood rating of only 50/100, investing here presents considerable risks for consistent rental income. Buy-and-hold Investing in this property as a buy-and-hold strategy is questionable since it is currently priced above fair value and does not offer any immediate return through gross yield. The lack of attractive economic prospects and a mediocre neighborhood rating further complicate the potential for value appreciation over time. Family rental The apartment's listing price substantially outpaces its fair value, making it an unwise choice for a family rental strategy despite its potential living space. Additionally, the neighborhood’s average amenities and low tenant quality rating point to limited demand for family rentals in this location.
Low tenant reliability With a tenant stability score of only 50/100, there is a significant risk that tenants may frequently turnover, potentially leading to increased vacancy rates and instability in 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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