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.
2-bedroom, 1-bathroom apartment of 68 m² on the 3rd floor, built in 2004, energy rating E. Located on rua do Norte, Misericórdia parish, Lisbon municipality, Lisbon district. Unique Feature: The apartment boasts an active AL license, providing an exceptional opportunity for immediate rental income in a highly regulated area with restrictions on new licenses.
The valuation. The asking price of €340,000 is below the fair value of €378,424, indicating the property is underpriced by €38,424 (10.2%). This presents a compelling opportunity for potential investors looking for value.
Fair value modelled at €378,424 from 6 comparable sales in the area. Asking €340,000 sits €38,424 (10.2%) below — the upside to fair value.
Asking €340,000 versus the rua do Norte area baseline of €386,514 (€5,684/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €386,514, adjusted for condition and micro-location, gives a modelled fair value of €378,424 (€5,565/m²), a €38,424 (10.2%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Norte | Subject | €340,000 | €5,000 | — | 70 | 85 |
| rua Dom João de Portugal | Active | €256,000 | €3,413 | 31.7% | 65 | 79 |
| Campo de Ourique · f5ec0c | Active | €410,000 | €5,694 | 13.9% | 65 | 85 |
| Misericórdia · 4392f8 | Active | €255,700 | €5,559 | 11.2% | — | 81 |
| travessa da Água da Flor, 7 | Active | €397,000 | €4,963 | 0.7% | 70 | 83 |
| Median comp | €326,500 | €5,261 | 5.2% | 65 | 82 |
Long-term rental With a gross yield of 5.1%, this 2-bed apartment in Misericórdia offers a solid return for long-term rental investors seeking stable cash flow. Its fair value of €378,424 indicates that the listing price of €340,000 presents an advantageous opportunity in a central area with high demand. Short-term vacation rental The strong tourist attraction in central Lisbon enhances the short-term rental potential of this apartment, aligning with the market trends favoring vacation accommodations. Given the apartment's subvalorizada status, investors can realize significant revenue from short-term stays while benefiting from an appealing neighborhood rating of 85/100. Buy-and-hold Investors may consider this property as a prudent buy-and-hold option, particularly due to its valuation below fair market value and favorable yield. The thriving economy and desirable location ensure ongoing appreciation potential, making it a strategic addition to any real estate portfolio.
Tenant turnover risk The tenant stability score of 75/100 indicates a potential for higher turnover rates, which could lead to increased vacancy costs and loss of 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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