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, 3-bathroom apartment of 98 m² on the 3rd floor, built in 1994, energy rating D. Located Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Feature: The attic, featuring a kitchenette and independent entrance, offers a versatile space perfect for guests, a home office, or family accommodation, enhancing the property's functionality.
The valuation. The asking price of €649,500 is significantly above the fair value of €472,777, resulting in an overvaluation of €176,723, or 37.4%. This indicates that the property is overpriced. Buy-to-flip angle. Given its current condition of 0/100, a buy-and-flip strategy would involve extensive renovations to increase its market appeal, aiming for a resale price above the acquisition cost. Buy-to-let angle. With an estimated gross yield of 2.5%, generating around €1,353 per month, this property could serve as a long-term rental investment, though its location may limit tenant demand.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ericeira · cc9bad | Subject | €649,500 | €6,628 | — | — | 53 |
| Ericeira · 024246 | Active | €720,000 | €10,141 | 53.0% | 72 | 65 |
| Ericeira · efdd3d | Active | €6,750,000 | €56,250 | 748.7% | 70 | 52 |
| largo Pocinhos, 1 | Active | €398,000 | €3,980 | 39.9% | 64 | 59 |
| Ericeira · 28b8a2 | Active | €575,000 | €4,228 | 36.2% | 73 | 45 |
| Median comp | €647,500 | €7,185 | 8.4% | 71 | 56 |
Long-term rental The property in Ericeira is overpriced by 37.4% compared to its fair value, resulting in a modest gross yield of 2.5%. With the neighbourhood scoring only 53/100, the demand for long-term rentals will likely be constrained due to its location outside of immediate metro areas. Buy-and-hold Given the significant gap between the listing price of €649,500 and the fair value of €472,777, this investment strategy may not yield satisfactory returns over time. The low tenant quality and limited amenities further detract from the attractiveness of holding this property long-term. Value-add renovation While value-add renovations can sometimes enhance property value, in this case, the current listing price already exceeds fair market value by 37.4%. Therefore, even with potential improvements, the fundamental pricing situation suggests that such renovations may not justify the investment. *Not ideal for*: Short-term vacation rental, Luxury market, Student housing.
Economic Instability Risk The property's economic stability score of 45/100 indicates a heightened risk of market fluctuations which could affect rental income and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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