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. Noteworthy Features: The apartment boasts an active AL license, making it an immediate income-generating asset, along with vibrant interiors that blend modern design with functional spaces.
The valuation. The asking price of €340,000 sits €37,991 below the fair value of €377,991, reflecting a 10.1% discount. This property is considered underpriced.
Fair value modelled at €377,991 from 5 comparable sales in the area. Asking €340,000 sits €37,991 (10.1%) below — the upside to fair value.
Asking €340,000 versus the rua do Norte area baseline of €372,582 (€5,479/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €372,582, adjusted for condition and micro-location, gives a modelled fair value of €377,991 (€5,559/m²), a €37,991 (10.1%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Norte | Subject | €340,000 | €5,000 | — | 66 | 82 |
| 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 |
| rua do Norte | Active | €290,000 | €5,577 | 11.5% | 65 | 90 |
| Misericórdia · 4392f8 | Active | €255,700 | €5,559 | 11.2% | — | 81 |
| Median comp | €273,000 | €5,568 | 11.4% | 65 | 83 |
Long-term rental The property in Misericórdia shows a strong potential for long-term rental with a gross yield of 5.1%, providing steady cash flow in an attractive market. With a fair value gap of 10.1% below its listing price, the investment remains strategically positioned for stable tenant demand due to its proximity to Lisbon's city center. Short-term vacation rental This 2-bed apartment is ideal for short-term vacation rental given the area's popularity among tourists, capitalizing on the strong demand driven by Lisbon's rich cultural offerings. The combination of a 5.1% yield and a favorable neighborhood rating of 82/100 indicates excellent potential for achieving higher nightly rates and occupancy levels. Buy-and-hold Investing in this property as a buy-and-hold strategy maximizes benefits from both rental income and future appreciation in a desirable location. Positioned with a fair value of €377,991 and a competitive listing price, the property is poised for capital growth, making it an attractive option for long-term investors.
Tenant turnover risk: With a tenant stability score of 65/100, there's a significant risk of higher tenant turnover, which could lead to increased vacancies and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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