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 95 m² on the 1st floor, energy rating D. Located on largo Santa Marta, Ericeira parish, Mafra municipality, Lisbon district. This property features a spacious living room with a balcony, perfect for enjoying Ericeira's coastal views and abundant natural light throughout the day.
The valuation. The asking price of €595,000 is positioned €38,172 (6.9%) above the fair value of €556,828, suggesting that it is fairly priced in the current market.
Fair value modelled at €556,828 from 6 comparable sales in the area. Asking €595,000 sits €38,172 (6.9%) above — overpriced versus fair value.
Asking €595,000 versus the largo Santa Marta area baseline of €604,304 (€6,361/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €604,304, adjusted for condition and micro-location, gives a modelled fair value of €556,828 (€5,861/m²), a €38,172 (6.9%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo Santa Marta | Subject | €595,000 | €6,263 | — | 70 | 59 |
| Ericeira · 388ad0 | Active | €595,000 | €3,563 | 43.1% | 73 | 60 |
| Ericeira · 225b83 | Active | €635,000 | €6,615 | 5.6% | — | 60 |
| Ericeira · dee430 | Active | €540,000 | €5,294 | 15.5% | 65 | 64 |
| rua do Casal Querido | Active | €430,000 | €21,500 | 243.3% | 75 | 53 |
| Median comp | €567,500 | €5,955 | 4.9% | 73 | 60 |
Long-term rental The current listing of €595,000 reflects a gap of 6.9% above the fair value of €556,828, suggesting the property is priced in line with market expectations. With a gross yield of 2.6%, this investment offers moderate returns consistent with Ericeira's appeal for longer-term tenants. Buy-and-hold Given the fair valuation status, the property may experience stable appreciation over time, as Ericeira's proximity to Lisbon supports its desirability. However, an expected yield of 2.6% indicates relatively modest returns, prompting investors to consider long-term market trends. Family rental With a condition rating of 73/100, this apartment could serve well for families seeking quality housing, despite its fair valuation. The neighbourhood rating of 59/100 indicates basic amenities, aligning with the needs of families looking for affordability rather than premium locations.
Economic Vulnerability With an economic stability score of 55/100, the property may face challenges in attracting and retaining tenants, impacting rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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