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 135 m² on the 2nd floor, built in 2000, energy rating C. Located Peniche parish, Peniche municipality, Leiria district. Noteworthy Features: This apartment includes two balconies that provide excellent outdoor spaces, ideal for enjoying the coastal climate, along with a secure private garage for added convenience.
The valuation. The asking price of €380,000 is only slightly below the fair value of €393,015, sitting at a modest 3.3% below, which indicates this property is priced fairly. Buy-to-flip angle. A resale strategy could focus on capitalizing on minor renovations, potentially increasing the property's appeal in the market by showcasing its quality finishes. Buy-to-let angle. The projected gross yield of 2.7% suggests a rental income strategy which aims to attract long-term tenants, benefiting from the increasing desirability of peri-urban living near Lisbon.
Fair value modelled at €393,015 from 6 comparable sales in the area. Asking €380,000 sits €13,015 (3.3%) below — the upside to fair value.
Asking €380,000 versus the Peniche, Peniche, Leiria area baseline of €328,677 (€2,435/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is above the parish average, lifting 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 €328,677, adjusted for condition and micro-location, gives a modelled fair value of €393,015 (€2,911/m²), a €13,015 (3.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Peniche · 51b5f3 | Subject | €380,000 | €2,815 | — | 72 | 49 |
| Peniche · ee8907 | Active | €380,000 | €2,946 | 4.7% | 70 | 48 |
| Peniche · e553e0 | Active | €210,000 | €2,877 | 2.2% | 70 | 57 |
| rua Arquitecto Paulino Montez, 142 | Active | €270,000 | €3,214 | 14.2% | 75 | 49 |
| Peniche · a46725 | Active | €235,000 | €3,133 | 11.3% | 72 | 55 |
| Median comp | €252,500 | €3,040 | 8.0% | 71 | 52 |
Long-term rental The property exhibits a gross yield of 2.7%, aligning with the expectation of steady rental income in a rural or peri-urban setting. Given the fair valuation of €380,000 compared to the fair value of €393,015, this apartment presents a stable investment without significant upside potential. Value-add renovation Although the property is rated 72/100 in condition, there is potential for value-add strategies through targeted renovations that could enhance its appeal. However, with a fair valuation status, the renovations must be carefully evaluated to ensure they yield profitable returns without overextending the capital investment. Not ideal for short-term vacation rental The property is situated in a neighbourhood with a subpar score of 49/100, indicating limited appeal for short-term vacation rentals. Consequently, this strategy is rendered unsuitable, as fewer tourists are likely attracted to a rural or peri-urban area compared to urban cores.
High vacancy risk With an economic stability score of 45/100 and a tenant stability score of 50/100, there is a significant risk of increased vacancy rates due to less demand and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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