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 90 m² on the 4th floor, built in 1990, energy rating D. Located on rua 15 de Agosto, Caldas da Rainha - Santo Onofre e Serra do Bouro parish, Caldas da Rainha municipality, Leiria district. Noteworthy Features: The apartment includes a pantry for enhanced organization and a well-sized independent kitchen with direct access to a balcony, ideal for outdoor dining.
The valuation. The asking price of €219,000 is significantly below fair value, which stands at €297,758, a differential of €78,758 (26.5%). This property is considered underpriced based on market comparables.
Fair value modelled at €297,758 from 6 comparable sales in the area. Asking €219,000 sits €78,758 (26.5%) below — the upside to fair value.
Asking €219,000 versus the rua 15 de Agosto area baseline of €262,089 (€2,912/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 €262,089, adjusted for condition and micro-location, gives a modelled fair value of €297,758 (€3,308/m²), a €78,758 (26.5%) gap versus the €219,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 15 de Agosto | Subject | €219,000 | €2,433 | — | 70 | 47 |
| rua General Queirós | Active | €485,000 | €2,566 | 5.5% | — | 49 |
| Foz do Arelho · 143f5b | Active | €520,000 | €4,262 | 75.2% | 85 | 59 |
| rua 31 de Janeiro, 7 | Active | €850,000 | €4,293 | 76.4% | 79 | 53 |
| rua Engenheiro Luís de Paiva e Sousa, 39 | Active | €971,827 | €3,872 | 59.1% | — | 56 |
| Median comp | €685,000 | €4,067 | 67.1% | 82 | 55 |
Long-term rental The property offers a 3.2% gross yield, which is reasonable and provides a steady income opportunity. Given its fair value of €297,758, acquiring it at €219,000 presents a significant advantage for long-term rental investors. Buy-and-hold With the apartment priced at €219,000, well below its fair value, it stands as a promising asset for a buy-and-hold strategy. The location, although somewhat rural, benefits from influences of nearby urban areas that could enhance appreciation over time.
Low Economic and Tenant Stability Risk: With an economic stability score of 40 and a tenant stability score of 50, the property faces heightened risk of vacancy and declining rent prices due to unstable conditions in the market and tenant base.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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