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, 1-bathroom apartment of 117 m², built in 2009, energy rating C. Located on rua Cap. Manuel Baleizão do Passo N, 1, Mafra parish, Mafra municipality, Lisbon district. Noteworthy Features: The apartment boasts two terraces, one equipped with a countertop and sink for outdoor dining, enhancing its functionality as an extension of the living space.
The valuation. The asking price of €410,000 is significantly above its fair value of €358,827, representing an overpricing of €51,173 (14.3%). This property is not a good investment given its inflated pricing compared to market standards.
Fair value modelled at €358,827 from 6 comparable sales in the area. Asking €410,000 sits €51,173 (14.3%) above — overpriced versus fair value.
Asking €410,000 versus the rua Cap. Manuel Baleizão do Passo N, 1 area baseline of €346,209 (€2,959/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €346,209, adjusted for condition and micro-location, gives a modelled fair value of €358,827 (€3,067/m²), a €51,173 (14.3%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cap. Manuel Baleizão do Passo N, 1 | Subject | €410,000 | €3,504 | — | 85 | 67 |
| Mafra · 16240e | Active | €380,000 | €3,393 | 3.2% | 75 | 57 |
| Mafra · 23f35e | Active | €529,000 | €2,741 | 21.8% | 79 | 56 |
| Mafra · 938779 | Active | €529,000 | €2,672 | 23.8% | 75 | 59 |
| Mafra · a79e47 | Active | €435,000 | €3,816 | 8.9% | 75 | 64 |
| Median comp | €482,000 | €3,067 | 12.5% | 75 | 58 |
Long-term rental The property’s yield of 3.1% is relatively low compared to the fair value of €358,827, indicating that the current listing price of €410,000 is overpriced. The neighbourhood score of 67/100 suggests that while the area provides basic amenities, it does not fully support the premium pricing. Family rental Given the 14.3% gap from the fair value, acquiring this property as a family rental is not advantageous at the current list price of €410,000, which is considered overpriced. The decent condition score of 80/100 could attract families, but the high purchase price may deter prospective tenants looking for value. Value-add renovation Investing in value-add renovations may not compensate for the current listing price of €410,000, which is already overpriced at a fair valuation of €358,827. While enhancing the property could improve tenant quality and rental terms, the starting investment is high, limiting potential returns.
Tenant turnover risk: With both economic and tenant stability scores at 65/100, there is a significant risk of tenant turnover, which could lead to increased vacancy rates and potential loss of rental income.
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