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 121 m² on the 1st floor, built in 2023, energy rating C. Located on praceta d'El Rey, Alenquer (Santo Estévão e Triana) parish, Alenquer municipality, Lisbon district. This apartment features a spacious living room with integrated air conditioning and a modern fully equipped kitchen, enhancing both comfort and functionality for everyday living.
The valuation. The asking price of €325,000 sits €23,266 (6.7%) below the fair value of €348,266. This property is accurately priced, aligning closely with its assessed fair value.
Fair value modelled at €348,266 from 6 comparable sales in the area. Asking €325,000 sits €23,266 (6.7%) below — the upside to fair value.
Asking €325,000 versus the praceta d'El Rey area baseline of €275,830 (€2,280/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting 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 €275,830, adjusted for condition and micro-location, gives a modelled fair value of €348,266 (€2,878/m²), a €23,266 (6.7%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta d'El Rey | Subject | €325,000 | €2,686 | — | 80 | 53 |
| Alenquer (Santo Estévão e Triana) · 15e3c6 | Active | €295,000 | €2,757 | 2.6% | 73 | 48 |
| Alenquer (Santo Estévão e Triana) · 5ed049 | Active | €385,000 | €2,810 | 4.6% | 70 | 56 |
| rua das Nespereiras | Active | €349,000 | €2,441 | 9.1% | 76 | 54 |
| rua das Nespereiras | Active | €384,000 | €3,072 | 14.4% | 70 | 54 |
| Median comp | €366,500 | €2,784 | 3.6% | 72 | 54 |
Long-term rental The property offers a gross yield of 3.5%, which is reasonable given the local economic context primarily driven by agriculture. However, with a fair value of €348,266, the current listing price reflects its true worth, making it a standard option for long-term investors without room for negotiation. Value-add renovation While the apartment has a solid condition rating of 79/100, the surrounding neighborhood score of 53/100 indicates that there is potential for improvement. However, with the property valued fairly at €325,000, any renovations would merely align its value with the local market without producing an undervalued opportunity.
[Low Economic Resilience] With an economic stability score of 45/100, there is a significant risk of fluctuations in local economic conditions impacting property value and tenant demand adversely.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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