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 apartment of 94 m², built in 2010, energy rating B. Located on rua Comandante Alves, 14, São Martinho do Porto parish, Alcobaça municipality, Leiria district. Location Advantage: Situated in the prestigious Terraços da Baía 3, this ground floor apartment enables easy access to communal leisure areas and is only 5 minutes from the scenic bay.
The valuation. The asking price of €265,000 sits significantly below the fair value of €323,740, indicating an opportunity in the market. This property is subvalued by €58,740 (18.1%).
Fair value modelled at €323,740 from 6 comparable sales in the area. Asking €265,000 sits €58,740 (18.1%) below — the upside to fair value.
Asking €265,000 versus the rua Comandante Alves, 14 area baseline of €329,272 (€3,503/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €329,272, adjusted for condition and micro-location, gives a modelled fair value of €323,740 (€3,444/m²), a €58,740 (18.1%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Comandante Alves, 14 | Subject | €265,000 | €2,819 | — | 82 | 58 |
| São Martinho do Porto · 2d8499 | Active | €310,000 | €2,480 | 12.0% | 72 | 51 |
| São Martinho do Porto · 53c9fa | Active | €310,000 | €3,370 | 19.5% | 75 | 55 |
| São Martinho do Porto · 5da250 | Active | €249,000 | €3,609 | 28.0% | 74 | 42 |
| São Martinho do Porto · 76b536 | Active | €450,000 | €4,054 | 43.8% | 82 | 57 |
| Median comp | €310,000 | €3,490 | 23.8% | 75 | 53 |
Long-term rental This 2-bed apartment in São Martinho do Porto is priced at €265,000, which is 18.1% below its fair value of €323,740, indicating a potential for attractive long-term rental yields. With a gross yield of 3.6% and a decent condition score of 79/100, it is well-positioned for steady rental income in a residential market, notwithstanding its mixed neighbourhood ratings. Buy-and-hold Acquiring this apartment for long-term appreciation makes sense given its 18.1% gap below fair value, suggesting future resale potential at a higher price. The core metrics, including a gross yield of 3.6% and a good condition rating, support a solid investment for generating value over time. Value-add renovation The property’s condition rating of 79/100 indicates room for improvement, and with purchase priced below fair value, strategic renovations could enhance overall value and rental income. By modernizing the unit and potentially raising its condition rating, investors could capitalize on the existing gap to deliver higher returns. Not ideal for This property is not recommended for short-term vacation rental or student housing due to its coastal yet non-tourist dominated location which influences demand and rental dynamics. Additionally, its scoring of 58/100 in the neighbourhood suggests it may lack the allure desirable for luxury market offerings.
Economic vulnerability With an economic stability score of 50/100, the property is at risk of fluctuating market conditions that could impact rental income and property value significantly.
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