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 apartment of 127 m² on the 1st floor, built in 2013, energy rating C. Located on rua das Madeiras S / N, Nazaré parish, Nazaré municipality, Leiria district. Noteworthy Features: The apartment includes a private storage room and a designated parking space, both in the basement, enhancing convenience in the coastal area of Sítio da Nazaré.
The valuation. The asking price of €339,000 sits 2.7% below the fair value of €348,367, indicating a well-valued property in the current market. Buyers can expect reasonable returns while avoiding the pitfalls of an overpriced listing.
Fair value modelled at €348,367 from 6 comparable sales in the area. Asking €339,000 sits €9,367 (2.7%) below — the upside to fair value.
Asking €339,000 versus the rua das Madeiras S / N area baseline of €269,095 (€2,119/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 is above the parish average, lifting 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 €269,095, adjusted for condition and micro-location, gives a modelled fair value of €348,367 (€2,743/m²), a €9,367 (2.7%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Madeiras S / N | Subject | €339,000 | €2,669 | — | 76 | 46 |
| rua Leitão de Barros | Active | €330,000 | €2,102 | 21.3% | 70 | 53 |
| Nazaré · 831124 | Active | €379,000 | €3,267 | 22.4% | 75 | 52 |
| rua do Monte, 26 | Active | €395,000 | €2,633 | 1.3% | 80 | 54 |
| Nazaré · 5e62d4 | Active | €237,000 | €2,043 | 23.5% | 68 | 62 |
| Median comp | €354,500 | €2,368 | 11.3% | 73 | 54 |
Long-term rental The 3-bed apartment in Nazaré offers a gross yield of 3.5%, which reflects a moderate return on investment given the current market conditions. With a fair value assessment at €348,367 and a gap of only 2.7%, the price is positioned appropriately for long-term rental stability. Value-add renovation Although the apartment is rated at 80/100 for condition, there are opportunities for value-add renovations to enhance the property’s appeal. However, considering the fair valuation, significant investment in renovations may not yield proportionate returns, given the limited local amenities in Nazaré. Luxury market This property is not suitable for the luxury market, as indicated by its neighborhood rating of 46/100 and the overall rural context. The lack of urban amenities and lower tenant quality suggest that the price point does not align with the expectations of luxury buyers. Short-term vacation rental Given the apartment's position in a rural area with limited access to attractions, it is not ideal for the short-term vacation rental market. The current valuation and neighborhood limitations contribute to the unfavorable potential for holiday letting profitability.
Economic and Tenant Instability The low Economic stability score of 45/100 combined with a Tenant stability score of 50/100 indicates a potential risk of fluctuating rental income and increased vacancy rates.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Sign in to buy the report or use a credit
