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 77 m², energy rating D. Located Nazaré parish, Nazaré municipality, Leiria district. Noteworthy features: The apartment boasts a picturesque sea view from the living area, enhancing its appeal in a premium beachfront location, along with included garage access for convenience.
The valuation. The asking price of €380,000 is significantly above the fair value of €332,500, implying an overvaluation of €47,500 (14.3%). This price point suggests the property does not represent a viable investment opportunity. Buy-to-flip angle. A buy-to-flip strategy could involve minor renovations to enhance appeal and justify a resale price above the purchase cost. However, due to the current pricing, potential returns may be limited. Buy-to-let angle. The estimated rental income of €887/month results in a gross yield of 2.8%, which is relatively low for long-term rental. This yield indicates that the property may not provide a compelling cash flow scenario for investors.
Fair value modelled at €332,500 from 6 comparable sales in the area. Asking €380,000 sits €47,500 (14.3%) above — overpriced versus fair value.
Asking €380,000 versus the Nazaré, Nazaré, Leiria area baseline of €302,361 (€3,927/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €302,361, adjusted for condition and micro-location, gives a modelled fair value of €332,500 (€4,318/m²), a €47,500 (14.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nazaré · 2fce0e | Subject | €380,000 | €4,935 | — | 68 | 51 |
| Nazaré · 0c0608 | Active | €287,500 | €3,549 | 28.1% | 70 | 57 |
| rua António Carvalho Laranjo, 16 | Active | €320,000 | €6,400 | 29.7% | 72 | 54 |
| Nazaré · a4672c | Active | €275,000 | €3,056 | 38.1% | 68 | 52 |
| avenida Manuel Remígio | Active | €399,000 | €5,700 | 15.5% | 64 | 48 |
| Median comp | €303,750 | €4,625 | 6.3% | 69 | 53 |
Long-term rental The property offers a gross yield of 2.8%, which is relatively low, especially given its fair value gap of 14.3%, indicating potential challenges in achieving consistent cash flow. With a neighborhood rating of 51/100, tenant quality may also be compromised, making long-term rental less attractive. Value-add renovation The property's current condition stands at 70/100, suggesting room for improvement and potential value-add through renovations. However, with the property being overpriced by 14.3% compared to fair value, the anticipated renovation costs could further diminish return on investment. Buy-and-hold The buy-and-hold strategy may not be appealing due to the high listing price of €380,000 versus a fair value of €332,500, indicating the property is overpriced. Furthermore, the area's economic dependency on larger towns and a mediocre neighborhood rating could limit long-term appreciation potential.
Economic and Tenant Instability The economic stability score of 50/100 combined with a tenant stability score of 45/100 indicates a heightened risk of rental income fluctuations and potential vacancies due to economic downturns.
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