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 house of 203 m², energy rating F. Located Marrazes e Barosa parish, Leiria municipality, Leiria district. Investment opportunity: With a substantial land area of 1,075 m² and proximity to downtown Leiria, the property offers potential for expansion or redevelopment after renovation.
The valuation. The asking price of €148,000 is significantly below the fair value of €376,735, indicating a discrepancy of €228,735 (60.7%). Verdict: underpriced. Buy-to-flip angle. The property may be effectively flipped post-renovation to capitalize on its current undervaluation, targeting a higher resale price in the improving local market. Buy-to-let angle. With an estimated gross yield of 6.5% at €802/month, this property offers profitable rental income for long-term tenants, driven by the region's moderate economic opportunities.
Fair value modelled at €376,735 from 6 comparable sales in the area. Asking €148,000 sits €228,735 (60.7%) below — the upside to fair value.
Asking €148,000 versus the Marrazes e Barosa, Leiria, Leiria area baseline of €587,188 (€2,893/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 18/100 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 €587,188, adjusted for condition and micro-location, gives a modelled fair value of €376,735 (€1,856/m²), a €228,735 (60.7%) gap versus the €148,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Marrazes e Barosa · ee88cc | Subject | €148,000 | €729 | — | 15 | 45 |
| rua das Laranjeiras, 44 | Active | €200,000 | €1,550 | 112.7% | 55 | 46 |
| rua do Vale, 115 | Active | €315,000 | €1,472 | 101.9% | 70 | 49 |
| rua da Esperança | Active | €350,000 | €1,133 | 55.4% | 57 | 50 |
| rua Joaquim Ferreira de Sousa, 15 | Active | €165,000 | €2,426 | 232.8% | 65 | 55 |
| Median comp | €257,500 | €1,511 | 107.3% | 61 | 50 |
Long-term rental The property in Marrazes e Barosa presents a strong long-term rental opportunity, offering a gross yield of 6.5% while being significantly below its fair value of €376,735. With a neighbourhood rating of 45/100, rental demand can be bolstered by the area's moderate economic activity, especially in agriculture. Value-add renovation Investing in value-add renovations for this 2-bed house could unlock substantial equity, given the 60.7% gap from its fair value. While the property currently has a low condition rating of 18/100, strategic improvements can enhance its appeal and profitability in this primarily rural market. Not ideal for short-term vacation rental This property is not ideally suited for short-term vacation rentals due to its rural location and limited amenities, which could challenge occupancy rates and rental income in that market segment. The local economy, primarily driven by agricultural opportunities, does not support the high turnover typically needed for vacation rentals. Not ideal for student housing Given the area's rural nature and small-town characteristics, this property is not well-positioned for student housing, as the tenant quality may not meet the demands of a transient student population. The moderate local economy also suggests limited demand for rental properties catering specifically to students.
Economic Volatility Risk The property has a low economic stability score of 50/100, indicating a potential for fluctuations in the local market that could impact rental income and property value. Tenant Instability Risk With a tenant stability score of 45/100, there is a heightened risk of tenant turnover which may lead to increased vacancy rates and associated costs.
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