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.
5-bedroom, 0-bathroom country_house of 300 m². Located Carnota parish, Alenquer municipality, Lisbon district. Noteworthy Features: The property includes a traditional wine cellar and mill, offering unique potential for agrotourism in the scenic Alenquer wine region.
The valuation. The asking price of €140,000 is significantly below the fair value of €386,960, representing a discount of €246,960 (63.8%). This property is underpriced, presenting a compelling investment opportunity. Buy-to-flip angle. The buy-to-flip strategy would focus on renovating the property minimally to improve its condition rating of 12/100, aiming for an efficient resale taking advantage of the €246,960 equity margin. Buy-to-let angle. With a gross yield of 0% and no current rental income, establishing a long-term rental strategy could enhance profitability by capitalising on the assumed proximity to Lisbon's employment opportunities despite limited local amenities.
Fair value modelled at €386,960 from 4 comparable sales in the area. Asking €140,000 sits €246,960 (63.8%) below — the upside to fair value.
Asking €140,000 versus the Carnota, Alenquer, Lisbon area baseline of €469,363 (€1,565/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 12/100 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 €469,363, adjusted for condition and micro-location, gives a modelled fair value of €386,960 (€1,290/m²), a €246,960 (63.8%) gap versus the €140,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Carnota · a8023a | Subject | €140,000 | €467 | — | — | 58 |
| Carnota · 6d55bc | Active | €110,000 | €1,429 | 206.1% | 58 | 59 |
| rua Principal, 7 | Active | €460,000 | €2,000 | 328.6% | — | 69 |
| Alenquer (Santo Estévão e Triana) · fb293f | Active | €495,000 | €1,151 | 146.7% | — | 55 |
| rua do Rio Velho | Active | €99,900 | €446 | 4.4% | 12 | 67 |
| Median comp | €285,000 | €1,290 | 176.4% | 35 | 63 |
Long-term rental The property in Carnota, Alenquer, offers an attractive long-term investment opportunity, given its 63.8% gap from the fair value of €386,960. However, with a gross yield of 0% and a condition rating of only 12/100, the potential rental income may not justify the initial investment cost. Buy-and-hold Investing in this property as a buy-and-hold strategy could leverage the substantial disparity between the listing price of €140,000 and the fair value. Though the current condition is low and local amenities are limited, the potential appreciation in value could be significant over time given the proximity to Lisbon's metro. Family rental As a family rental property, this country house presents a compelling option with its spacious 5-bed layout, despite the current amenities being less than ideal. Investors should still consider the substantial gap from fair value but remain cautious of the low condition rating, which may necessitate renovations to attract potential tenants.
Economic Vulnerability The property faces economic risk due to a low economic stability score of 55/100, indicating potential fluctuations in market conditions that could affect rental income and property values. Tenant Turnover Risk With a tenant stability score of 60/100, there is a moderate risk of high 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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