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 151 m² on the 1st floor, built in 1979, energy rating E. Located União das freguesias do Bombarral e Vale Covo parish, Bombarral municipality, Leiria district. Unique Feature: The basement includes a rented 1-bedroom apartment generating €400 per month, offering immediate investment potential with a contract valid until January 2027.
The valuation. The asking price of €245,500 is significantly below the fair value of €315,727, indicating an underpriced opportunity by €70,227 (22.2%). This price point suggests potential for appreciation. Buy-to-flip angle. A buy-to-flip strategy could involve minor renovations to improve aesthetics, enhancing market appeal for resale at a higher price point. With the significant price gap, a well-timed flip could yield substantial profits. Buy-to-let angle. The rental income strategy can focus on families, leveraging the property's upgraded elements in a low-crime, semi-rural area. Although current gross yield is 0%, value-add renovations can create appealing rental opportunities in the future.
Fair value modelled at €315,727 from 6 comparable sales in the area. Asking €245,500 sits €70,227 (22.2%) below — the upside to fair value.
Asking €245,500 versus the União das freguesias do Bombarral e Vale Covo, Bombarral, Leiria area baseline of €306,659 (€2,031/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €306,659, adjusted for condition and micro-location, gives a modelled fair value of €315,727 (€2,091/m²), a €70,227 (22.2%) gap versus the €245,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| União das freguesias do Bombarral e Vale Covo · 51cf21 | Subject | €245,500 | €1,626 | — | 55 | 58 |
| União das freguesias do Bombarral e Vale Covo · 38b743 | Active | €249,000 | €1,858 | 14.3% | 75 | 58 |
| União das freguesias do Bombarral e Vale Covo · 831369 | Active | €230,000 | €2,091 | 28.6% | 74 | 50 |
| rua da Misericórdia | Active | €249,000 | €1,858 | 14.3% | 72 | 57 |
| praça da República S / N | Active | €230,000 | €2,091 | 28.6% | 75 | 49 |
| Median comp | €239,500 | €1,975 | 21.4% | 75 | 54 |
Family rental This 2-bed apartment presents a unique opportunity as a family rental due to its price being significantly lower than the fair value, suggesting potential tenant interest. The semi-rural location, alongside low crime rates, appeals to families seeking a safe and spacious environment. Value-add renovation With a fair value gap of 22.2%, investing in value-add renovations could enhance the property's appeal and rental income potential. The current condition rating of 63/100 indicates room for improvement, making it an attractive option for investors looking to increase property value and tenant satisfaction.
Economic Vulnerability The property faces significant risk due to a low economic stability score of 45/100, indicating potential challenges in generating consistent 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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