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 190 m², built in 2002, energy rating B. Located on rua Frei Fernão Rodrigues Monteiro, Ericeira parish, Mafra municipality, Lisbon district. This apartment boasts a spacious 35 m² living room with unobstructed sea views, complemented by a 7 m² balcony ideal for enjoying Ericeira's scenic coastline.
The valuation. The asking price of €600,000 is positioned below the fair value of €645,328, indicating a discrepancy of €45,328 (7.0%). This property is valued fairly. Buy-to-flip angle. The buy-to-flip strategy could leverage the high-quality finishes and modern design to attract buyers willing to pay a premium after minor renovations. Potential resale can target the luxury segment. Buy-to-let angle. With an estimated rental income of €1,850/month and a gross yield of 3.7%, this property is well-suited for long-term rental or short-term vacation rentals, capitalizing on the appealing location.
Fair value modelled at €645,328 from 6 comparable sales in the area. Asking €600,000 sits €45,328 (7.0%) below — the upside to fair value.
Asking €600,000 versus the rua Frei Fernão Rodrigues Monteiro area baseline of €712,088 (€3,748/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €712,088, adjusted for condition and micro-location, gives a modelled fair value of €645,328 (€3,396/m²), a €45,328 (7.0%) gap versus the €600,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei Fernão Rodrigues Monteiro | Subject | €600,000 | €3,158 | — | 74 | 61 |
| parque Intermodal | Active | €460,000 | €3,067 | 2.9% | 85 | 58 |
| Ericeira · 86cbf5 | Active | €625,000 | €3,571 | 13.1% | 78 | 56 |
| travessa Cabo. | Active | €487,000 | €3,313 | 4.9% | 73 | 54 |
| Ericeira · 1339f9 | Active | €435,000 | €2,486 | 21.3% | — | 57 |
| Median comp | €473,500 | €3,190 | 1.0% | 78 | 57 |
Long-term rental The property offers a gross yield of 3.7%, which aligns with conventional long-term rental expectations, but the fair value is slightly higher than the listing price, indicating a passive investment opportunity. Given the neighborhood rating of 61/100, the property could attract stable tenants, although market conditions may limit rental appreciation. Buy-and-hold The 7.0% gap from its fair value suggests that while this 3-bed apartment is positioned fairly, it lacks immediate upside potential for capital appreciation in the long term. The decent condition rating of 76/100 reaffirms that while the property fits a buy-and-hold strategy, investors should remain cautious about growth prospects in the area. Short-term vacation rental With a 3.7% yield, the short-term rental potential may not be robust enough to justify the investment given the proximity to Caldas da Rainha, which offers mixed urban and rural influences. The neighborhood’s 61/100 rating falls short of desirability, making it less attractive for a thriving short-term vacation rental market. Not ideal for luxury market The property does not cater to the luxury market, as the neighborhood’s ratings suggest it lacks high-end appeal, making it unsuitable for premium pricing. Additionally, the listing price of €600,000 does not justify any aspirations for luxury positioning. Not ideal for student housing While the property has the size to accommodate students, the 61/100 neighborhood rating implies that amenities supporting student life may be lacking. The overall rental yield and market conditions suggest that this property may not attract sufficient demand from the student housing sector.
Economic and Tenant Stability Risk The property faces a moderate risk due to its economic stability score of 60 and tenant stability score of 60, indicating potential fluctuations in rental income and tenant retention rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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