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, 3-bathroom house of 232 m², built in 2002, energy rating C. Located on largo da Ilha de Peniche, 2, Peniche parish, Peniche municipality, Leiria district. This property features a wine cellar in the basement, an installed lift for improved accessibility, and a sea view from multiple levels, enhancing both functionality and aesthetics.
The valuation. The asking price of €525,000 is significantly above the fair value of €400,867, reflecting a discrepancy of €124,133 (31.0%). This suggests the property is overpriced in the current market. Buy-to-flip angle. The buy-to-flip strategy would require identifying improvements to increase property appeal but is challenging given the high initial investment. A target resale price should account for market conditions and renovation costs. Buy-to-let angle. With an estimated gross yield of 3.9% at roughly €1,706/month, the long-term rental strategy may provide stable income. However, the rural location and mixed neighborhood may limit tenant demand and rental pricing potential.
Fair value modelled at €400,867 from 6 comparable sales in the area. Asking €525,000 sits €124,133 (31.0%) above — overpriced versus fair value.
Asking €525,000 versus the largo da Ilha de Peniche, 2 area baseline of €488,832 (€2,107/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €488,832, adjusted for condition and micro-location, gives a modelled fair value of €400,867 (€1,728/m²), a €124,133 (31.0%) gap versus the €525,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo da Ilha de Peniche, 2 | Subject | €525,000 | €2,263 | — | 65 | 59 |
| rua de Moçambique, 41 | Active | €329,000 | €1,456 | 35.7% | 62 | 53 |
| Ferrel · b03469 | Active | €260,000 | €1,126 | 50.3% | 25 | 58 |
| Peniche · 897e52 | Active | €130,000 | €2,000 | 11.6% | 29 | 48 |
| Peniche · 9dde5f | Active | €1,380,000 | €4,615 | 104.0% | — | 56 |
| Median comp | €294,500 | €1,728 | 23.6% | 29 | 55 |
Long-term rental The property’s asking price of €525,000 is significantly above the fair value of €400,867, presenting a 31.0% gap that signals it is overpriced. With a gross yield of 3.9% and a rural location that impacts employment opportunities, long-term rental returns may not justify the high initial investment. Buy-and-hold Investing in this property as a buy-and-hold strategy may seem attractive, but the current price of €525,000 is well above the fair value of €400,867, indicating it is overpriced. The low condition score of 60/100 and limited amenities in the neighborhood could hinder both appreciation potential and tenant satisfaction over time.
Tenant turnover risk The combination of a tenant stability score of 60/100 and an economic stability score of 50/100 suggests a higher likelihood of tenant turnover, which can lead to increased vacancy rates and additional costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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