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.
1-bedroom, 1-bathroom apartment of 45 m², built in 1987, energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts a newly renovated kitchen with modern appliances and a spacious pantry, enhancing both functionality and storage. Location Benefits: Situated in a central yet tranquil area, it offers convenient access to essential amenities and transport links.
The valuation. The asking price of €239,000 exceeds the fair value of €143,659 by €95,341, reflecting an overpricing of 39.9%. This suggests that potential investors should approach with caution before committing to purchase. Buy-to-flip angle. Given the rapid growth in the Almada area, a resale strategy could aim for renovation and quick flipping to capitalize on the property’s aesthetic appeal. Updating amenities could significantly increase resale value, targeting a potential profit. Buy-to-let angle. With an estimated rent of €757 per month, the gross yield stands at 3.8%, making it a viable option for long-term rental income. The apartment's proximity to Lisbon enhances its attractiveness to potential tenants seeking family housing.
Fair value modelled at €143,659 from the area baseline, adjusted for condition and location. Asking €239,000 sits €95,341 (39.9%) above — overpriced versus fair value.
Asking €239,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €155,835 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €155,835 + condition +€703 + location +€12,996 = modelled fair value of €143,659 (€3,192/m²), a €95,341 (39.9%) gap versus the €239,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 937384 | Subject | €239,000 | €5,311 | — | 75 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 261fdb | Active | €255,000 | €4,636 | 12.7% | 68 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 420043 | Active | €265,000 | €5,096 | 4.0% | 75 | 75 |
| rua de São Paulo | Active | €550,000 | €6,395 | 20.4% | 77 | 84 |
| travessa do Terreiro a Santa Catarina, 48 | Active | €247,000 | €8,233 | 55.0% | 74 | 83 |
| Median comp | €260,000 | €5,746 | 8.2% | 75 | 81 |
Long-term rental The current price of €239,000 is 39.9% higher than the fair value of €143,659, suggesting a significant investment risk for long-term rental strategies. With a gross yield of only 3.8%, this property does not provide the financial return typically expected from long-term rentals. Family rental At €239,000, this property exceeds its fair value by 39.9%, making it a less attractive option for family rental markets. Although the condition and neighborhood ratings are decent, the yield of 3.8% indicates that families seeking rental options may find better value elsewhere. Buy-and-hold The buy-and-hold strategy is undermined by the fact that the apartment is overpriced by 39.9% against its fair value of €143,659, posing a potential value erosion in the long term. Investors should consider the limited yield of 3.8% as a warning sign that this asset may not appreciate as expected over time.
Potential Tenant Turnover Risk The tenant stability score of 75/100 indicates a moderate risk of turnover, which could impact cash flow and occupancy rates if tenants frequently vacate the property.
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