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 122 m² on the 6th floor, energy rating D. Located on praceta Gaspar Corte Real, Carregado e Cadafais parish, Alenquer municipality, Lisbon district. Unique Design Features: The apartment boasts distinctive architectural details in several rooms, adding character, though they require modernization. Solar Exposure: Each balcony benefits from optimal sunlight, enhancing outdoor usability.
The valuation. The asking price of €275,000 is significantly below the fair value of €318,725, indicating the property is underpriced by €43,725, or 13.7%. This presents a compelling opportunity for investors. Buy-to-flip angle. A buy-to-flip strategy could focus on making strategic renovations to the average-quality finishes, potentially increasing the resale value significantly beyond the current asking price. Targeting buyers looking for modern updated spaces in a rural setting could yield profitable returns. Buy-to-let angle. With an estimated gross yield of 4.4%, the property can generate approximately €1,008 per month in rental income. This strategy aims to capitalize on family rentals in a community with mixed neighborhood dynamics.
Fair value modelled at €318,725 from 6 comparable sales in the area. Asking €275,000 sits €43,725 (13.7%) below — the upside to fair value.
Asking €275,000 versus the praceta Gaspar Corte Real area baseline of €304,061 (€2,492/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 €304,061, adjusted for condition and micro-location, gives a modelled fair value of €318,725 (€2,613/m²), a €43,725 (13.7%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Gaspar Corte Real | Subject | €275,000 | €2,254 | — | 55 | 53 |
| praceta Gaspar Corte Real, 62 | Active | €337,000 | €3,064 | 35.9% | 57 | 47 |
| rua Diogo Afonso | Active | €299,000 | €2,231 | 1.0% | 45 | 55 |
| rua da Liberdade | Active | €225,000 | €2,528 | 12.2% | 60 | 57 |
| praceta João Álvares Fagundes, 21 | Active | €260,000 | €2,600 | 15.3% | 54 | 47 |
| Median comp | €279,500 | €2,564 | 13.7% | 56 | 51 |
Long-term rental The 3-bed apartment in Carregado e Cadafais offers a gross yield of 4.4%, making it an attractive option for stable long-term rental income. Given the fair value is significantly higher than the listing price, this property represents an opportunity to capture strong rental demand in a rural setting. Value-add renovation With a condition rating of 51/100, there is substantial room for value-add renovations to enhance the apartment's appeal and potential rental income. The current pricing below fair value indicates that with strategic upgrades, an investor could improve tenant quality and yield in this rural market. Family rental The spacious 122m² layout of the apartment makes it suitable for family rentals, especially in a community setting like Alenquer. Given the favorable yield and current listing price, this property could cater well to families seeking affordable long-term housing in a region focused on agricultural economic activity.
Economic Vulnerability The low economic stability score of 40/100 indicates a high risk of market fluctuations that could adversely impact rental income and property value.
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