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 house of 246 m², built in 1956, energy rating F. Located on rua dos Moinhos, Alvorninha parish, Caldas da Rainha municipality, Leiria district. Noteworthy Features: This property boasts a large 6346 square meter plot with private wells and traditional amenities like a bread oven and wine cellar, ideal for customized outdoor living.
The valuation. The asking price of €197,500 is significantly below the fair value of €274,942, representing an opportunity as it is underpriced by €77,442 (28.2%).
Fair value modelled at €274,942 from 6 comparable sales in the area. Asking €197,500 sits €77,442 (28.2%) below — the upside to fair value.
Asking €197,500 versus the rua dos Moinhos area baseline of €347,376 (€1,412/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 44/100 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 €347,376, adjusted for condition and micro-location, gives a modelled fair value of €274,942 (€1,118/m²), a €77,442 (28.2%) gap versus the €197,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Moinhos | Subject | €197,500 | €803 | — | 37 | 59 |
| rua Casal do Brás, 1 | Active | €267,500 | €1,268 | 57.9% | 50 | 59 |
| Vermelha · 956c05 | Active | €147,000 | €817 | 1.7% | 30 | 49 |
| Painho e Figueiros · 6a9538 | Active | €350,000 | €1,140 | 42.0% | 70 | 58 |
| Vermelha · bf27d7 | Active | €179,900 | €501 | 37.6% | 25 | 53 |
| Median comp | €223,700 | €979 | 21.9% | 40 | 56 |
Long-term rental The property in Alvorninha presents a compelling opportunity for long-term rental, with an impressive gross yield of 8.7% that outpaces many urban markets. Given its fair value of €274,942, purchasing at the listing price of €197,500 allows for significant rental income potential while still being below market norms. Buy-and-hold This property is a strategic buy-and-hold investment, allowing for capital appreciation as the market recognizes its value over time. With a gap of 28.2% compared to its fair value, the investment can deliver substantial returns as the rural area develops further and demand increases. Not ideal for short-term vacation rental The characteristics of the property and its location in a rural agricultural community make it less suitable for short-term vacation rentals. Additionally, the current amenities and tenant quality in the area do not attract the typical short-term rental demographic, limiting potential profitability. Not ideal for luxury market The property does not cater to the luxury market, given its condition score of 44/100 and the overall rural setting of Alvorninha. The local economic factors and market dynamics indicate that investment in luxury properties here would not yield favorable returns. Not ideal for student housing Alvorninha's rural location limits its appeal for student housing, as there are likely few educational institutions nearby to attract a student demographic. The current tenant quality and neighborhood amenities do not support a strong rental market for students, making this an unsuitable strategy.
Economic and Tenant Instability With an economic stability score of 40/100 and a tenant stability score of 50/100, this property is at a significant risk of fluctuating cash flows and potential difficulty in securing reliable tenants, which could impact overall profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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