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 70 m² on the 3rd floor, built in 1988, energy rating E. Located on avenida Manuel Remígio, Nazaré parish, Nazaré municipality, Leiria district. Noteworthy Features: This apartment's original state presents a unique opportunity for customization, while the lateral sea view from both bedrooms enhances its appeal in a sought-after coastal destination.
The valuation. The asking price of €399,000 is significantly above the fair value of €187,920, making it overpriced by €211,080 (112.3%). This disparity suggests the property lacks appeal for potential buyers seeking a reasonable investment.
Fair value modelled at €187,920 from 6 comparable sales in the area. Asking €399,000 sits €211,080 (112.3%) above — overpriced versus fair value.
Asking €399,000 versus the avenida Manuel Remígio area baseline of €183,192 (€2,617/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €183,192, adjusted for condition and micro-location, gives a modelled fair value of €187,920 (€2,685/m²), a €211,080 (112.3%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Manuel Remígio | Subject | €399,000 | €5,700 | — | 64 | 48 |
| Nazaré · 831124 | Active | €379,000 | €3,267 | 42.7% | 75 | 52 |
| Nazaré · 5e62d4 | Active | €237,000 | €2,043 | 64.2% | 68 | 62 |
| Nazaré · 5da22f | Active | €260,000 | €1,557 | 72.7% | 45 | 50 |
| rua Leitão de Barros | Active | €330,000 | €2,102 | 63.1% | 70 | 53 |
| Median comp | €295,000 | €2,073 | 63.6% | 69 | 53 |
Long-term rental This property is currently overpriced at €399,000 compared to the fair value of €187,920, reflecting a significant gap of 112.3%. With a gross yield of only 2.9%, the financial returns do not justify the high investment cost, making this an unappealing long-term rental option. Buy-and-hold At €399,000, the property falls well above its fair value of €187,920, indicating a pricing issue of 112.3%. Given the low yield of 2.9% and the neighborhood's poor ratings, this buy-and-hold strategy is likely to underperform in the long term due to the overvaluation. Not ideal for This property is unsuitable for student housing and short-term vacation rentals, which are generally more sensitive to pricing dynamics and local demand. The high listing price of €399,000 makes it a less attractive option for these markets, leading to potential vacancy risks and lower returns.
Economic Vulnerability The property faces significant risk due to a low economic stability score of 40/100, indicating a fragile market that may impact long-term investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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