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 house of 210 m², built in 1979. Located São Martinho do Porto parish, Alcobaça municipality, Leiria district. Noteworthy Features: The property includes a traditional barbecue area with a wood oven, set on a large 1,791m² plot that offers ample outdoor renovation potential. Location Benefits: Just 3 km from São Martinho do Porto Beach and 102 km from Lisbon Airport.
The valuation. The asking price of €230,000 is significantly below the fair value of €375,941, indicating a difference of €145,941 (38.8%). This property is subpriced, presenting a compelling opportunity for investors.
Fair value modelled at €375,941 from 6 comparable sales in the area. Asking €230,000 sits €145,941 (38.8%) below — the upside to fair value.
Asking €230,000 versus the São Martinho do Porto, Alcobaça, Leiria area baseline of €405,677 (€1,932/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 32/100 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 €405,677, adjusted for condition and micro-location, gives a modelled fair value of €375,941 (€1,790/m²), a €145,941 (38.8%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Martinho do Porto · 82903d | Subject | €230,000 | €1,095 | — | 20 | 55 |
| Tornada e Salir do Porto · 5da0a1 | Active | €439,000 | €1,620 | 47.9% | — | 56 |
| São Martinho do Porto · 5da109 | Active | €399,950 | €1,942 | 77.3% | 66 | 53 |
| rua Gago Coutinho | Active | €295,000 | €1,639 | 49.6% | 70 | 57 |
| rua Professor Montenegro, 66E | Active | €475,000 | €3,006 | 174.5% | — | 49 |
| Median comp | €419,475 | €1,791 | 63.5% | 68 | 55 |
Family rental With a fair value of €375,941, the property is significantly underpriced at €230,000, presenting a strong opportunity for a family rental investment. The 6.1% gross yield, combined with the location's small-town characteristics, indicates a potential for steady tenant interest among families seeking affordable long-term housing. Buy-and-hold This property, listed at €230,000 and valued at €375,941, represents an attractive buy-and-hold strategy due to its significant 38.8% gap against fair value. The current yield of 6.1% reinforces the potential for capital appreciation over time in a growing area near Caldas da Rainha.
Economic and Tenant Instability The property has a concerning economic stability score of 50/100 and tenant stability score of 60/100, indicating potential difficulties in attracting and retaining tenants, which could affect cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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