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 97 m², built in 1997, energy rating B. Located Ericeira parish, Mafra municipality, Lisbon district. Noteworthy Features: This apartment offers a versatile interior bedroom/office that can adapt to various needs, complemented by a private terrace and balcony for outdoor relaxation in Ericeira's historic charm.
The valuation. The asking price of €420,000 sits €21,186 (5.3%) above the fair value of €398,814, indicating that the property is fairly priced in the current market context. Buy-to-flip angle. A potential resale strategy could target a quick flip following cosmetic enhancements, aiming to capitalize on the neighbourhood's mixed appeal and blend of rural and tourist influences. Buy-to-let angle. With an estimated rental income of €1,330/month, the gross yield of 3.8% positions this apartment as a stable long-term investment option, appealing to both local residents and seasonal visitors.
Fair value modelled at €398,814 from 6 comparable sales in the area. Asking €420,000 sits €21,186 (5.3%) above — overpriced versus fair value.
Asking €420,000 versus the Ericeira, Mafra, Lisbon area baseline of €391,145 (€4,032/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €391,145, adjusted for condition and micro-location, gives a modelled fair value of €398,814 (€4,111/m²), a €21,186 (5.3%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ericeira · 2ce1c3 | Subject | €420,000 | €4,330 | — | 91 | 48 |
| Ericeira · 23f296 | Active | €480,000 | €3,117 | 28.0% | 84 | 60 |
| Ericeira · d749c0 | Active | €649,000 | €4,880 | 12.7% | 85 | 61 |
| rua do Alto da Forca, 20 | Active | €490,000 | €4,083 | 5.7% | 76 | 54 |
| Ericeira · e3aaa7 | Active | €649,000 | €4,385 | 1.3% | 85 | 57 |
| Median comp | €569,500 | €4,234 | 2.2% | 85 | 59 |
Long-term rental The property is priced at €420,000, which is fairly close to its fair value of €398,814, resulting in a valuation that is fair. With a gross yield of 3.8%, this investment can provide a stable income stream, although the lower neighborhood rating of 48/100 may limit tenant demand in the long term. Buy-and-hold Holding this property may yield moderate returns given the fair valuation; however, the 5.3% gap to fair value suggests limited upside potential. The property’s condition rating of 84/100 indicates it is well-maintained, but the area’s rural nature and reliance on tourism may hamper significant appreciation over time.
Economic Vulnerability The low economic stability score of 45/100 indicates a significant risk of fluctuations in property value and rental income, potentially impacting overall investment returns.
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