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 house of 192 m², built in 1953, energy rating E. Located on rua 15 de Maio, 51, Alvaiázere parish, Alvaiázere municipality, Leiria district. Noteworthy Features: The property boasts a traditional façade with large windows and an upper-floor balcony, while its substantial space lends itself well to a comprehensive renovation project.
The valuation. The asking price of €130,000 is significantly below the fair value of €200,381, representing a discount of €70,381 (35.1%). This property is notably underpriced for the market.
Fair value modelled at €200,381 from 6 comparable sales in the area. Asking €130,000 sits €70,381 (35.1%) below — the upside to fair value.
Asking €130,000 versus the rua 15 de Maio, 51 area baseline of €221,651 (€1,154/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 22/100 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 €221,651, adjusted for condition and micro-location, gives a modelled fair value of €200,381 (€1,044/m²), a €70,381 (35.1%) gap versus the €130,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 15 de Maio, 51 | Subject | €130,000 | €677 | — | 15 | 56 |
| Pussos São Pedro · 3a72d8 | Active | €220,000 | €917 | 35.4% | 18 | 56 |
| Pussos São Pedro · 5afed7 | Active | €120,000 | €291 | 57.1% | — | 53 |
| Pussos São Pedro · 7cad10 | Active | €190,000 | €909 | 34.3% | 75 | 54 |
| Alvaiázere · a80a31 | Active | €279,000 | €3,822 | 464.5% | 72 | 53 |
| Median comp | €205,000 | €913 | 34.8% | 72 | 54 |
Long-term rental This 2-bed house in Alvaiázere presents an attractive long-term rental opportunity with a significant 35.1% gap from its fair value, indicating strong upside potential. However, its condition rating of 22/100 reflects substantial renovation needs, which may affect immediate rental income. Family rental Targeting families, this property’s spacious 192m² layout is appealing, especially given its proximity to the amenities in the Leiria district. Despite its currently low yield of 0%, the underpriced status could position it well for capital appreciation as the neighborhood develops further.
Economic Vulnerability With an economic stability score of 45/100, there is a significant risk that economic downturns may affect property values and tenant retention negatively.
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