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 116 m², built in 2012. Located Nazaré parish, Nazaré municipality, Leiria district. Unique Features: This apartment boasts a central vacuum system for effortless cleaning and a bathroom with a bathtub, enhancing daily convenience and comfort.
The valuation. The asking price of €379,000 is significantly above the fair value of €255,977, showing an overpricing of €123,023 (48.1%). This discrepancy indicates substantial financial risk for potential investors. Buy-to-flip angle. The resale strategy may be challenging due to the higher entry price, making it less attractive for quick flips unless significant renovations create considerable value. This property may not yield desirable short-term returns. Buy-to-let angle. With an estimated gross yield of 3.1%, equating to approximately €979/month, the rental income strategy could provide consistent cash flow, though rental demand may be affected by the property's high initial cost.
Fair value modelled at €255,977 from 6 comparable sales in the area. Asking €379,000 sits €123,023 (48.1%) above — overpriced versus fair value.
Asking €379,000 versus the Nazaré, Nazaré, Leiria area baseline of €275,895 (€2,378/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 €275,895, adjusted for condition and micro-location, gives a modelled fair value of €255,977 (€2,207/m²), a €123,023 (48.1%) gap versus the €379,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nazaré · 831124 | Subject | €379,000 | €3,267 | — | 75 | 52 |
| rua Comandante Alves | Active | €249,800 | €2,230 | 31.7% | 78 | 54 |
| rua de Angola S / N | Active | €159,500 | €1,491 | 54.4% | 70 | 48 |
| Aljubarrota · 38b65d | Active | €244,500 | €2,183 | 33.2% | 70 | 45 |
| Median comp | €244,500 | €2,183 | 33.2% | 70 | 48 |
Long-term rental The property in Nazaré is overpriced with a fair value significantly lower than the listing price, resulting in a concerning 48.1% gap. With a gross yield of only 3.1%, the potential return on investment does not justify the higher cost in a rural area with limited tenant quality. Buy-and-hold Given the substantial price over fair value, the buy-and-hold strategy for this apartment is not advisable in the current market. Coupled with a low neighborhood score of 52/100, the potential for appreciation is minimal and does not warrant the investment. Not ideal for short-term vacation rental This property is priced too high for the short-term vacation rental market, which typically thrives on affordability and value. The location in rural Portugal diminishes its attractiveness in this segment, further escalating the risk of an overpriced investment. Not ideal for luxury market The Nazaré apartment does not fit the criteria for the luxury market due to its high listing price relative to fair value. The overall condition and neighborhood ratings indicate that it does not provide the premium quality expected at luxury price points.
Economic Vulnerability The property faces significant economic risk due to a low economic stability score of 50/100, which may lead to reduced demand and instability in rental income. Tenant Risk With a tenant stability score of 60/100, there is a moderate risk of tenant turnover, potentially impacting cash flow and increasing vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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