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, 1-bathroom apartment of 95 m², built in 1988, energy rating C. Located on rua Vasco da Gama, Milagres parish, Leiria municipality, Leiria district. Noteworthy Features: This apartment includes a dedicated laundry area and is conveniently situated just minutes from central Leiria, enhancing both practicality and accessibility.
The valuation. The asking price of €190,000 is significantly below the fair value of €218,112, indicating an undervaluation of €28,112 (12.9%). This presents an attractive opportunity for investors seeking to capitalize on the price disparity.
Fair value modelled at €218,112 from 6 comparable sales in the area. Asking €190,000 sits €28,112 (12.9%) below — the upside to fair value.
Asking €190,000 versus the rua Vasco da Gama area baseline of €219,510 (€2,311/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 51/100 is below the parish average, reducing 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 €219,510, adjusted for condition and micro-location, gives a modelled fair value of €218,112 (€2,296/m²), a €28,112 (12.9%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama | Subject | €190,000 | €2,000 | — | 55 | 53 |
| Marrazes e Barosa · 8006a6 | Active | €139,000 | €2,014 | 0.7% | 40 | 50 |
| Marrazes e Barosa · ec1ad9 | Active | €275,000 | €2,165 | 8.3% | 71 | 49 |
| rua do Prazo | Active | €250,000 | €2,976 | 48.8% | 64 | 43 |
| rua Joaquim Ferreira de Sousa, 15 | Active | €165,000 | €2,426 | 21.3% | 65 | 55 |
| Median comp | €207,500 | €2,296 | 14.8% | 65 | 50 |
Long-term rental This property offers the potential for steady cash flow through long-term rental, given its 12.9% gap to fair value and reasonable demand in the rural market of Milagres. The low crime rate contributes to a safe living environment, appealing to potential tenants seeking tranquil rural living spaces. Buy-and-hold Investing in this property as a buy-and-hold strategy makes sense, especially with the significant 12.9% gap to fair value suggesting upward potential. Holding onto the property allows for long-term appreciation in value, particularly in a stable rural market where the housing demand can gradually increase. Value-add renovation The current condition score of 51/100 indicates that a value-add renovation could enhance the overall worth of this property, optimizing the investment potential. With renovations, the gap to fair value may narrow further, providing an opportunity to increase rental yields in a steadily appreciating rural neighborhood.
Economic Vulnerability With an economic stability score of 40/100, the property is exposed to potential financial downturns that could impact rental income and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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