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.
1-bedroom, 1-bathroom apartment of 46 m², built in 1999, energy rating E. Located Ericeira parish, Mafra municipality, Lisbon district. Highlight: This apartment features a charming balcony with eastern exposure, providing ample morning sunlight that enhances the coastal-themed living space and promotes a bright, uplifting atmosphere.
The valuation. The asking price of €338,000 is above the fair value of €304,567, indicating an overpriced property by €33,433, or 11.0%. This suggests a misalignment with market expectations.
Fair value modelled at €304,567 from 4 comparable sales in the area. Asking €338,000 sits €33,433 (11.0%) above — overpriced versus fair value.
Asking €338,000 versus the Ericeira, Mafra, Lisbon area baseline of €342,651 (€7,449/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 is below the parish average, reducing 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 €342,651, adjusted for condition and micro-location, gives a modelled fair value of €304,567 (€6,621/m²), a €33,433 (11.0%) gap versus the €338,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ericeira · a80217 | Subject | €338,000 | €7,348 | — | 70 | 57 |
| Ericeira · 8314ec | Active | €338,000 | €6,627 | 9.8% | 70 | 50 |
| rua Frei Fernão Rodrigues Monteiro, 29 | Active | €400,000 | €6,667 | 9.3% | 68 | 58 |
| rua Mira Parque, 2 | Active | €360,000 | €6,429 | 12.5% | 70 | 56 |
| Ericeira · 225b83 | Active | €635,000 | €6,615 | 10.0% | — | 60 |
| Median comp | €380,000 | €6,621 | 9.9% | 70 | 57 |
Long-term rental The 1-bed apartment in Ericeira is overpriced by 11.0% compared to its fair value of €304,567, which may limit its attractiveness for long-term tenants seeking a reasonable rent-to-value ratio. With a gross yield of only 4%, the potential return on investment does not justify the current listing price. Family rental Given its condition rating of 69/100 and the neighborhood rating of 57/100, this property may struggle to attract families looking for more competitive options, especially considering it is currently overpriced. Prospective renters may find better value elsewhere, leading to potential vacancy issues for the owner. Buy-and-hold With the property being overpriced at €338,000, the buy-and-hold strategy may result in stagnant or declining equity as market conditions evolve. Investors should consider the potential challenges in capital appreciation, given the existing fair value gap and the apartment's less-than-ideal conditions. Not ideal for luxury market This apartment does not align with the expectations of the luxury market, which demands higher quality and exclusivity. Therefore, the current price does not reflect the property's actual standing in a market that increasingly focuses on premium offerings. Not ideal for student housing The apartment's proximity to Lisbon does offer job opportunities, but with its current valuation being overpriced, it might not attract students who typically prioritize affordability. The low neighborhood rating further suggests that it may not provide the vibrant environment desired by students. Not ideal for short-term vacation rental While Ericeira has some tourism influence, the overpriced nature of this property makes it a less viable option for short-term vacation rentals. Travelers usually seek competitive rates and the current pricing may discourage bookings, affecting occupancy rates.
Tenant turnover risk The economic and tenant stability scores of 55/100 suggest potential tenant turnover, which may lead to increased vacancies and reduced rental income.
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