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 105 m² on the 2nd floor, built in 1997, energy rating C. Located on rua Fernão de Magalhães, 17, Caldas da Rainha - Santo Onofre e Serra do Bouro parish, Caldas da Rainha municipality, Leiria district. The apartment features a cozy living room with a fireplace and a heat recovery system, enhancing energy efficiency while providing a warm atmosphere for family gatherings.
The valuation. The asking price of €310,000 is €16,260 (5.5%) above the fair value of €293,740, indicating a fair valuation. This aligns with the local market and reflects the property’s condition and location. Buy-to-flip angle. A wholesale strategy could involve a value-add renovation focused on upgrading specific finishes, which may enhance market appeal. The goal would be to resell quickly at a premium price above the acquisition cost. Buy-to-let angle. The estimated gross yield of 3.5% suggests strong potential for steady rental income, approximately €904 per month. This could attract long-term tenants, ensuring consistent cash flow while capitalizing on the area's mixed neighborhood profile.
Fair value modelled at €293,740 from 6 comparable sales in the area. Asking €310,000 sits €16,260 (5.5%) above — overpriced versus fair value.
Asking €310,000 versus the rua Fernão de Magalhães, 17 area baseline of €278,248 (€2,650/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €278,248, adjusted for condition and micro-location, gives a modelled fair value of €293,740 (€2,798/m²), a €16,260 (5.5%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Fernão de Magalhães, 17 | Subject | €310,000 | €2,952 | — | 70 | 57 |
| rua Cidade da Praia, 12 | Active | €295,000 | €2,588 | 12.4% | 70 | 55 |
| rua Sebastião de Lima, 54 | Active | €230,000 | €3,333 | 12.9% | 69 | 56 |
| rua das Vacarias S / N | Active | €275,000 | €2,778 | 5.9% | — | 63 |
| rua Camb Les Bains, 11 | Active | €276,000 | €3,000 | 1.6% | 72 | 59 |
| Median comp | €275,500 | €2,889 | 2.1% | 70 | 58 |
Long-term rental This 3-bed apartment in Caldas da Rainha offers a stable long-term rental yield of 3.5%, which aligns well with the fair market conditions of the area. Given the limited employment diversification and basic amenities, the rental market is expected to maintain steady demand, albeit with modest price appreciation. Value-add renovation Investing in value-add renovations could enhance the current condition score of 72/100, potentially increasing tenant quality and rental income. However, the initial fair valuation implies that substantial improvements may be necessary to achieve significant financial upside in this relatively stagnant market. Not ideal for luxury market This property does not cater to the luxury market due to its rural setting and lower neighbourhood rating of 57/100. The limited local employment prospects further diminish its appeal to luxury buyers. Not ideal for short-term vacation rental With a gross yield of only 3.5% and the average condition of the property, short-term vacation rentals may struggle to achieve high occupancy rates. The general rural town profile suggests limited attractions for tourists, making it less competitive in the short-term rental market.
Low Economic Resilience The property is at risk due to a low economic stability score of 45/100, indicating potential challenges in maintaining tenant occupancy and rental income stability.
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