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, 3-bathroom house of 196 m², energy rating C. Located on rua das Pereiras, 41, Vau parish, Óbidos municipality, Leiria district. Unique Feature: The property includes exceptional lagoon views and direct access to an extensive communal garden and pool, enhancing leisure opportunities for residents. Investment Potential: It offers an option to participate in a profitable tourist rental scheme, ensuring flexible usage and tax advantages.
The valuation. The asking price of €410,000 is significantly below the fair value of €704,824, reflecting a discount of €294,824 (41.8%). This property is clearly underpriced based on current market assessments.
Fair value modelled at €704,824 from 6 comparable sales in the area. Asking €410,000 sits €294,824 (41.8%) below — the upside to fair value.
Asking €410,000 versus the rua das Pereiras, 41 area baseline of €595,012 (€3,036/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €595,012, adjusted for condition and micro-location, gives a modelled fair value of €704,824 (€3,596/m²), a €294,824 (41.8%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Pereiras, 41 | Subject | €410,000 | €2,092 | — | 75 | 55 |
| rua do Sol Poente, 62 | Active | €475,000 | €1,772 | 15.3% | 72 | 56 |
| Vau · a807fc | Active | €475,000 | €4,279 | 104.6% | 72 | 56 |
| rua Dona Catarina de Bragança, 34 | Active | €456,000 | €2,465 | 17.8% | 70 | 49 |
| Vau · cc99e1 | Active | €850,000 | €4,146 | 98.2% | 79 | 51 |
| Median comp | €475,000 | €3,306 | 58.0% | 72 | 54 |
Long-term rental The property in Vau, Óbidos presents a compelling opportunity for long-term rental investments, given its strong 5.3% gross yield and substantial gap of 41.8% when compared to its fair value. With a decent condition rating of 79/100, this house is positioned well to attract long-term tenants seeking quality accommodation. Buy-and-hold Investing in this 2-bed house as a buy-and-hold strategy is favorable due to its significant underpricing relative to fair market value, suggesting ample room for appreciation over time. The rural location, while providing typical amenities, is enhanced by its proximity to larger urban centers, ensuring ongoing demand and potential for capital appreciation. Not ideal for short-term vacation rental Although not suitable for the short-term vacation rental market, the property’s current listing price implies an investment that may yield consistent and stable long-term returns. Given the location's characteristics, buyers should look to avoid the fluctuating demands of the seasonal rental market. Not ideal for luxury market This property does not align with luxury market expectations, as indicated by its moderate neighborhood rating of 55/100, which may limit appeal to high-end buyers. Instead, its valuation and characteristics suggest a more practical investment suited for broader market segments rather than luxury-focused clientele.
Economic Vulnerability With an economic stability score of 55/100, the property faces risk from potential downturns in the local economy that could negatively impact tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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