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 86 m², built in 2020, energy rating B. Located Nazaré parish, Nazaré municipality, Leiria district. Unique Feature: The finished attic not only provides additional living space but also includes a private terrace perfect for relaxation and outdoor enjoyment, enhancing the property's appeal for tourists. Investment Potential: Active Local Accommodation license allows for immediate rental income without further investment.
The valuation. The asking price of €540,000 exceeds the fair value of €219,765 by €320,235, representing an overvaluation of 145.7%. This property is not a financial deal at its current price point.
Fair value modelled at €219,765 from 4 comparable sales in the area. Asking €540,000 sits €320,235 (145.7%) above — overpriced versus fair value.
Asking €540,000 versus the Nazaré, Nazaré, Leiria area baseline of €198,298 (€2,306/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 86/100 is above the parish average, lifting 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 €198,298, adjusted for condition and micro-location, gives a modelled fair value of €219,765 (€2,555/m²), a €320,235 (145.7%) gap versus the €540,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nazaré · a80818 | Subject | €540,000 | €6,279 | — | 84 | 54 |
| Nazaré · 1441a5 | Active | €465,000 | €2,853 | 54.6% | 70 | 53 |
| Nazaré · 831124 | Active | €379,000 | €3,267 | 48.0% | 75 | 52 |
| Nazaré · 603302 | Active | €0 | €0 | 100.0% | 82 | 59 |
| Nazaré · 144276 | Active | €420,000 | €2,258 | 64.0% | 74 | 53 |
| Median comp | €399,500 | €2,556 | 59.3% | 75 | 53 |
Short-term vacation rental The property in Nazaré is overpriced, listed at €540,000 while its fair value is only €219,765, indicating a substantial 145.7% gap. With a low gross yield of 2.2%, potential returns from vacation rentals may not justify the current asking price, especially given the neighborhood's moderate rating of 54/100. Buy-and-hold Investing in this property for a buy-and-hold strategy appears unfeasible, as the substantial markup of €320,235 over fair value raises concerns about long-term appreciation. The average condition score of 86/100 and a rental yield of 2.2% do not compensate for the high purchase price, making it a risky investment.
Weak Economic Growth Risk The economic stability score of 40/100 indicates a significant risk of declining property values due to a weak local economy, which may affect tenant retention and rental income.
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