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, 1-bathroom apartment of 262 m², energy rating C. Located on rua Frei Fernão Rodrigues Monteiro na Ericeira, Ericeira parish, Mafra municipality, Lisbon district. This spacious apartment features a distinctive stone fireplace in the living area and is located just minutes from the surf beaches of Ericeira, enhancing its appeal for coastal living.
The valuation. The asking price of €480,000 sits €363,034 (43.1%) below fair value of €843,034, indicating the property is underpriced. This presents a strong opportunity for potential buyers looking for value in the real estate market.
Fair value modelled at €843,034 from 6 comparable sales in the area. Asking €480,000 sits €363,034 (43.1%) below — the upside to fair value.
Asking €480,000 versus the rua Frei Fernão Rodrigues Monteiro na Ericeira area baseline of €870,045 (€3,321/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €870,045, adjusted for condition and micro-location, gives a modelled fair value of €843,034 (€3,218/m²), a €363,034 (43.1%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei Fernão Rodrigues Monteiro na Ericeira | Subject | €480,000 | €1,832 | — | 78 | 60 |
| Ericeira · 8317a1 | Active | €485,000 | €3,050 | 66.5% | 75 | 60 |
| rua Alto da Camacha | Active | €459,000 | €3,122 | 70.4% | 72 | 47 |
| travessa Cabo. | Active | €487,000 | €3,313 | 80.8% | 73 | 54 |
| largo dos Marquinhos, 3 | Active | €410,000 | €3,417 | 86.5% | 72 | 62 |
| Median comp | €472,000 | €3,218 | 75.6% | 73 | 57 |
Long-term rental This 3-bed apartment in Ericeira presents a compelling long-term rental opportunity given its 6.9% gross yield and significant gap of 43.1% compared to its fair value of €843,034. Additionally, the decent condition (78/100) and proximity to Lisbon contribute to a stable rental demand in the area. Buy-and-hold The property is well-positioned for a buy-and-hold investment strategy, as it is subvalued at €480,000 against a fair value of €843,034, indicating strong potential for appreciation. With a rental yield of 6.9% and an acceptable neighborhood rating (60/100), this investment can generate steady cash flow while benefiting from long-term value growth. Family rental Ideal for family rentals, this spacious apartment offers ample living space, situated in a suburban area with reasonable commuting options to Lisbon. Its favorable rental yield of 6.9% makes it an attractive option for families seeking a longer-term residence in a stable environment despite the neighborhood's average rating of 60/100.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 60/100, there's a risk of fluctuations in rental income and potential vacancies, which could affect overall property profitability.
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