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, 2-bathroom penthouse of 130 m² on the 3rd floor, built in 2023, energy rating A. Located on rua José Caré Júnior, 10, Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Feature: The penthouse boasts a 180-degree panoramic sea view from its spacious private terrace, enhanced by a luxurious jacuzzi for a relaxing sunset experience over the Atlantic.
The valuation. The asking price of €900,000 is significantly above the fair value of €753,049, with a difference of €146,951 (19.5%). This property is considered overpriced. Buy-to-flip angle. Given the high-quality finishes, a resale strategy could target buyers seeking luxury rentals, aiming for a quick flip after minor aesthetic updates. Buy-to-let angle. The estimated rental income of €1,650/month provides a gross yield of 2.2%, making it viable for long-term rental to families in the suburban area with access to Lisbon.
Fair value modelled at €753,049 from 5 comparable sales in the area. Asking €900,000 sits €146,951 (19.5%) above — overpriced versus fair value.
Asking €900,000 versus the rua José Caré Júnior, 10 area baseline of €761,169 (€5,855/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 is above the parish average, lifting 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 €761,169, adjusted for condition and micro-location, gives a modelled fair value of €753,049 (€5,793/m²), a €146,951 (19.5%) gap versus the €900,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Caré Júnior, 10 | Subject | €900,000 | €6,923 | — | 80 | 63 |
| rua da Liberdade | Active | €950,000 | €5,793 | 16.3% | 80 | 67 |
| rua das Lombas, 8 | Active | €737,000 | €6,246 | 9.8% | 85 | 54 |
| Ericeira · 6c796d | Active | €695,000 | €4,696 | 32.2% | 90 | 60 |
| Ericeira · 467f0c | Active | €800,000 | €6,202 | 10.4% | 82 | 49 |
| Median comp | €768,500 | €5,998 | 13.4% | 84 | 57 |
Long-term rental The 2-bed penthouse in Ericeira is currently overpriced, with a fair value of €753,049 reflecting a 19.5% gap from the listing price. A gross yield of only 2.2% suggests that this property may not generate sufficient income relative to its costs, particularly in a suburban location with basic amenities. Family rental While family rentals often perform well in suburban areas, the high listing price of €900,000 makes this penthouse less appealing for potential renters, with the fair value indicating a significant overpricing. With a neighbourhood score of 63/100, the property may struggle to attract families seeking value for money in their rental choices. Buy-and-hold Investing in this penthouse as a buy-and-hold strategy appears daunting due to its current overpriced status, suggesting that future appreciation may not compensate for the initial high cost. The combination of a fair value of €753,049 and a low yield of 2.2% points to potential challenges in generating returns in the long run.
Economic downturn risk The economic stability score of 70/100 indicates potential vulnerability to market fluctuations, which may impact tenant demand and rental income stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
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.
Log in to buy the report or use a credit
