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.
4-bedroom, 1-bathroom house of 169 m², energy rating E. Located Tornada e Salir do Porto parish, Caldas da Rainha municipality, Leiria district. Noteworthy Features: This property offers unique potential for conversion into two independent housing units due to its two independent entrances, thereby enhancing its investment appeal.
The valuation. The asking price of €198,000 is significantly below the fair value of €271,945, suggesting a potential equity gain of €73,945 (27.2%). This property is clearly underpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy can capitalize on its current condition rating of 30/100 by implementing value-add renovations, followed by marketing it for resale at a significantly higher price, potentially closer to fair market value. Buy-to-let angle. With an estimated gross yield of 9.7%, the property can generate approximately €1,600 per month in rental income, making it an attractive option for long-term rental in a mixed neighborhood influenced by tourism.
Fair value modelled at €271,945 from 6 comparable sales in the area. Asking €198,000 sits €73,945 (27.2%) below — the upside to fair value.
Asking €198,000 versus the Tornada e Salir do Porto, Caldas da Rainha, Leiria area baseline of €303,729 (€1,797/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 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 €303,729, adjusted for condition and micro-location, gives a modelled fair value of €271,945 (€1,609/m²), a €73,945 (27.2%) gap versus the €198,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tornada e Salir do Porto · 2ce257 | Subject | €198,000 | €1,172 | — | — | 59 |
| São Martinho do Porto · 82903d | Active | €230,000 | €1,095 | 6.5% | 20 | 55 |
| Tornada e Salir do Porto · 5da0a1 | Active | €439,000 | €1,620 | 38.3% | — | 56 |
| Tornada e Salir do Porto · 133966 | Active | €590,000 | €4,014 | 242.6% | 15 | 59 |
| rua da Vitória | Active | €195,000 | €1,598 | 36.4% | — | 53 |
| Median comp | €334,500 | €1,609 | 37.3% | 18 | 56 |
Long-term rental The property offers a gross yield of 9.7%, making it an attractive option for investors seeking consistent cash flow from long-term rentals. With a fair value significantly higher than the listing price, it presents a compelling opportunity in a market influenced by both rural and coastal dynamics. Value-add renovation The house's current condition is rated at 30/100, indicating substantial potential for value enhancement through renovation efforts. Given its pricing relative to fair value, investors can capitalize on improving the property to achieve future appreciation and higher rental rates. Not ideal for luxury market The property's characteristics and location do not align with the high-end luxury market, which may limit potential buyers seeking upscale homes. This factor should be considered in evaluating overall investment strategy and resale potential. Not ideal for student housing The neighborhood does not support a strong market for student housing, which could hinder rental performance if targeted for this demographic. Investors should focus on more stable tenant profiles to maximize occupancy and returns.
Low Economic Resilience The property faces significant investment risk due to an economic stability score of 50/100, indicating potential vulnerability to market fluctuations and downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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