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 73 m², built in 2017, energy rating C. Located on rua Alves Redol, 18, Nazaré parish, Nazaré municipality, Leiria district. Noteworthy Features: This apartment boasts unobstructed views of Nazaré's coastline and exceptionally high sun exposure, enhancing its appeal as a desirable vacation rental. IMI Amount: €158 annually.
The valuation. The asking price of €390,500 is significantly above the fair value of €275,552, reflecting a €114,948 (41.7%) overvaluation. This property is not a financial opportunity based on current market assessments.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alves Redol, 18 | Subject | €390,500 | €5,349 | — | — | 50 |
| Nazaré · a4672c | Active | €275,000 | €3,056 | 42.9% | 68 | 52 |
| rua António Carvalho Laranjo, 16 | Active | €320,000 | €6,400 | 19.6% | 72 | 54 |
| Nazaré · 096f71 | Active | €350,000 | €3,302 | 38.3% | 68 | 56 |
| Nazaré · a80908 | Active | €240,000 | €4,000 | 25.2% | — | 56 |
| Median comp | €297,500 | €3,651 | 31.7% | 68 | 55 |
Long-term rental Given its pricing at €390,500, this apartment significantly exceeds the fair value of €275,552, indicating it is overpriced and poses a risk for long-term rental returns. With a gross yield of only 3.4% and a neighborhood rating of 50/100, the potential for tenant quality and rental demand remains uncertain. Buy-and-hold Investing in this property at the current asking price of €390,500 is not advisable as it is overpriced compared to the fair value of €275,552, leading to a potential financial strain for investors. The low yield of 3.4% suggests diminished growth prospects and a tough outlook for appreciation in value over the long term. Family rental This property, priced at €390,500, is overpriced against its fair value of €275,552, limiting its attractiveness for family rental purposes. Moreover, the combination of a low gross yield of 3.4% and a neighborhood rating of 50/100 raises concerns about sustaining tenant interest and overall rental viability.
Low economic and tenant stability risk With an economic stability score of 40/100 and a tenant stability score of 50/100, there is a significant risk of potential vacancy and decreased rental income due to economic volatility 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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