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 127 m², built in 1994, energy rating E. Located on rua Principal, 23, Leiria parish, Leiria municipality, Leiria district. This property features a cozy living room with a wood stove and offers direct kitchen access to a practical sunroom, enhancing both comfort and functionality.
The valuation. The asking price of €235,000 is significantly below the fair value of €280,178, positioning the property as subvalued by €45,178 (16.1%). This presents a favorable opportunity for investment. Buy-to-flip angle. With a property that can be enhanced through updates to its kitchen and furnishings, a resale strategy focusing on renovations can yield attractive profits. By investing in modern finishes, a profitable flip is feasible in this market. Buy-to-let angle. The estimated rental income of €783/month results in a gross yield of 4%, making this property suitable for long-term rentals. Its family-friendly layout can attract stable tenants, providing steady cash flow.
Fair value modelled at €280,178 from 6 comparable sales in the area. Asking €235,000 sits €45,178 (16.1%) below — the upside to fair value.
Asking €235,000 versus the rua Principal, 23 area baseline of €249,475 (€1,964/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €249,475, adjusted for condition and micro-location, gives a modelled fair value of €280,178 (€2,206/m²), a €45,178 (16.1%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Principal, 23 | Subject | €235,000 | €1,850 | — | 65 | 51 |
| rua Poeta José Marques da Cruz, 116 | Active | €249,000 | €1,754 | 5.2% | 76 | 47 |
| Leiria · 143fa3 | Active | €290,000 | €2,197 | 18.7% | 50 | 48 |
| urbanização Vale Grande | Active | €319,000 | €2,215 | 19.7% | 75 | 47 |
| rua do Vale Grande, 5 | Active | €270,000 | €2,348 | 26.9% | 68 | 54 |
| Median comp | €280,000 | €2,206 | 19.2% | 72 | 48 |
Long-term rental This 3-bed apartment in Leiria presents a compelling opportunity for long-term rental investors, especially with a fair value of €280,178 compared to its listing price of €235,000, creating a gap of 16.1%. The 4% gross yield indicates stable income potential, despite the neighborhood's average amenities rating of 51/100. Buy-and-hold Investors adopting a buy-and-hold strategy can benefit from the current listing price being significantly lower than its fair value, suggesting appreciation potential in the long term. With an overall condition rating of 67/100, the property offers a decent foundation for value growth in a rural area focused on agriculture. Family rental The apartment is well-suited for family rentals due to its spacious layout and strategic pricing, providing families access to a property below fair market value at €235,000. Although the neighborhood is ranked 51/100, the rural lifestyle and available amenities can appeal to families seeking a quieter living environment away from urban centers.
Economic downturn risk The property faces economic instability with a score of 45/100, which could lead to reduced rental income and higher vacancy rates. Risco de recessão económica A propriedade enfrenta instabilidade económica com uma pontuação de 45/100, o que pode levar a uma redução da receita de aluguel e a taxas de vacância mais altas.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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