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 112 m² on the 1st floor, built in 2014, energy rating B. Located Nazaré parish, Nazaré municipality, Leiria district. Noteworthy Features: This apartment includes access to a communal pool and the benefit of excellent sun exposure on its spacious balconies, ideal for outdoor relaxation in Nazaré.
The valuation. The asking price of €275,000 is below the fair value of €309,235, indicating the property is subpriced by €34,235 (11.1%). This presents a favorable entry point for investors seeking value in the market. Buy-to-flip angle. The buy-to-flip strategy could capitalize on aesthetic appeal and location, enabling a resale to a targeted audience after minor cosmetic upgrades. By focusing on enhancing interior quality, the potential resale price could significantly exceed current valuation. Buy-to-let angle. With an estimated gross yield of 4.3% from a rental income of approximately €985/month, this property promises steady cash flow for investors. The semi-rural setting suggests stable long-term tenant occupancy due to demand for rental properties in accessible areas.
Fair value modelled at €309,235 from 6 comparable sales in the area. Asking €275,000 sits €34,235 (11.1%) below — the upside to fair value.
Asking €275,000 versus the Nazaré, Nazaré, Leiria area baseline of €241,465 (€2,156/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 €241,465, adjusted for condition and micro-location, gives a modelled fair value of €309,235 (€2,761/m²), a €34,235 (11.1%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nazaré · 8000d6 | Subject | €275,000 | €2,455 | — | 75 | 57 |
| rua do Monte, 26 | Active | €395,000 | €2,633 | 7.2% | 80 | 54 |
| caminho Real S / N | Active | €494,900 | €2,591 | 5.5% | 80 | 48 |
| Nazaré · 1441a5 | Active | €465,000 | €2,853 | 16.2% | 70 | 53 |
| rua das Madeiras S / N | Active | €339,000 | €2,669 | 8.7% | 76 | 46 |
| Median comp | €430,000 | €2,651 | 8.0% | 78 | 51 |
Long-term rental The 3-bed apartment in Nazaré offers a competitive yield of 4.3%, making it a compelling option for long-term rental strategies. Given its fair value of €309,235 and listing price of €275,000, the property shows an attractive potential for steady rental income in a semi-rural area. Buy-and-hold Acquiring this property at €275,000, compared to its fair value of €309,235, positions it well for prospective appreciation over time. With moderate housing market strength and basic amenities, the buy-and-hold strategy could provide long-term capital growth in Nazaré. Value-add renovation Investing in renovations could significantly enhance the current condition rating of 80/100, increasing the overall value of the apartment towards its fair value. By improving tenant quality and the neighbourhood's appeal, a value-add renovation approach may yield superior returns, especially given the property is currently priced below its fair value. Not ideal for short-term vacation rental The property's context in a semi-rural area limits its attractiveness for short-term vacation rentals, where demand often outstrips supply in more urban locations. Additionally, the neighbourhood's 57/100 rating may deter potential short-term tenants looking for vibrant environments. Not ideal for luxury market Although the apartment is well-priced, its semi-rural location and average condition make it less suited to the luxury market segment. The expected returns might not justify the investment in high-end upgrades in a less affluent setting. Not ideal for student housing With basic amenities typical of semi-rural contexts, the property does not cater well to student housing needs that usually demand vibrant urban environments. The low neighbourhood rating suggests limited market potential for this demographic, making it a less appealing investment strategy.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of fluctuations in the local economy that may affect property values.
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