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 113 m², built in 2009, energy rating C. Located Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Features: This apartment boasts a spacious 40m² private terrace equipped with a barbecue, enhancing outdoor living within a premium gated community close to Ericeira's beaches.
The valuation. The asking price of €445,000 is above the fair value of €403,471, resulting in a premium of €41,529 (10.3%). Verdict: fair. Buy-to-flip angle. Given the property’s superior finishes and modern design, a buy-to-flip strategy could capitalize on aesthetic appeal, targeting resale at a higher price post-renovation. Buy-to-let angle. The estimated rental income of €1,409 per month results in a gross yield of 3.8%, making it suitable for long-term rental, particularly appealing to families in the stable community.
Fair value modelled at €403,471 from 6 comparable sales in the area. Asking €445,000 sits €41,529 (10.3%) above — overpriced versus fair value.
Asking €445,000 versus the Ericeira, Mafra, Lisbon area baseline of €411,668 (€3,643/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €411,668, adjusted for condition and micro-location, gives a modelled fair value of €403,471 (€3,571/m²), a €41,529 (10.3%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ericeira · 07fbfc | Subject | €445,000 | €3,938 | — | 83 | 64 |
| Ericeira · a6d4a9 | Active | €399,900 | €3,571 | 9.3% | 75 | 61 |
| Ericeira · 86ccb5 | Active | €399,900 | €3,571 | 9.3% | 72 | 49 |
| Ericeira · 3a73b2 | Active | €620,000 | €3,605 | 8.5% | 79 | 62 |
| Carvoeira · cd0930 | Active | €399,000 | €3,595 | 8.7% | 75 | 56 |
| Median comp | €399,900 | €3,583 | 9.0% | 75 | 59 |
Long-term rental The property in Ericeira offers a gross yield of 3.8%, indicating a moderate return for long-term rental strategies. While the current listing price reflects a fair valuation, the property benefits from a stable community environment, which can attract enduring tenants. Family rental This 2-bed apartment is designed to suit family needs, capitalizing on the rural safety and community stability of the neighbourhood. Its fair value assessment suggests that it may meet the demands of families seeking long-term housing, although it is priced at a premium relative to the estimated fair market value. Buy-and-hold Investing in this property with a buy-and-hold strategy could provide steady returns over time, supported by a reasonable gross yield of 3.8%. Given the current fair valuation, this property could serve well as a long-term investment in a community-focused area, despite being slightly above the fair market price.
Economic Vulnerability The economic stability score of 55/100 suggests potential volatility in the market, increasing the risk of tenant turnover or reduced rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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