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 house of 361 m², built in 2002, energy rating A+. Located Alvorninha parish, Caldas da Rainha municipality, Leiria district. This property boasts a summer kitchen protected by glass panels, allowing for year-round outdoor gatherings with a valley view, enhancing its appeal for entertaining.
The valuation. The asking price of €415,000 is significantly below the fair value of €636,272, representing a discount of €221,272 (34.8%). This property is clearly underpriced, providing an excellent opportunity for savvy investors.
Fair value modelled at €636,272 from 6 comparable sales in the area. Asking €415,000 sits €221,272 (34.8%) below — the upside to fair value.
Asking €415,000 versus the Alvorninha, Caldas da Rainha, Leiria area baseline of €265,840 (€736/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €265,840, adjusted for condition and micro-location, gives a modelled fair value of €636,272 (€1,763/m²), a €221,272 (34.8%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvorninha · 5da226 | Subject | €415,000 | €1,150 | — | 76 | 58 |
| Nadadouro · 144236 | Active | €799,900 | €1,895 | 64.9% | 78 | 58 |
| Vermelha · 4a7d72 | Active | €475,000 | €1,740 | 51.4% | 76 | 59 |
| Alguber · 43942b | Active | €349,000 | €1,638 | 42.5% | 72 | 56 |
| Painho e Figueiros · 467e3d | Active | €485,000 | €1,147 | 0.3% | 68 | 61 |
| Median comp | €480,000 | €1,689 | 46.9% | 74 | 59 |
Long-term rental The property is currently listed at €415,000, which is 34.8% below its fair value of €636,272, indicating strong potential for long-term rental returns. With a gross yield of 5.6% and a decent condition score of 77/100, this investment aligns well with generating steady rental income in a growing town. Family rental Given the property's competitive pricing at €415,000 compared to its fair value of €636,272, it presents an attractive option for family rentals in Alvorninha. The decent yield of 5.6% and the property’s favorable condition make it a solid choice for families seeking stability in a quaint community. Buy-and-hold With a significant valuation gap of 34.8% from fair value, this property at €415,000 is a compelling buy-and-hold opportunity. Its gross yield of 5.6% and reasonable condition suggest it can appreciate over time, especially in a small town environment that beckons eventual economic growth.
Economic and Tenant Stability Risks The scores of 60/100 for both economic and tenant stability suggest potential volatility in income, making consistent cash flow uncertain as tenant retention may not be reliable.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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