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, 0-bathroom apartment of 116 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes two balconies that enhance the living space and offer outdoor views, along with a pantry for additional storage convenience.
The valuation. The asking price of €435,000 is significantly above the fair value of €366,411, translating to an overpricing of €68,589 (15.8%). This property is not a solid investment at its current price point.
Fair value modelled at €366,411 from the area baseline, adjusted for condition and location. Asking €435,000 sits €68,589 (15.8%) above — overpriced versus fair value.
Asking €435,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €335,008 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 71/100 (Housing Market 75 · Amenities 72 · Economic 78 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €335,008 + condition +€3,262 + location +€28,141 = modelled fair value of €366,411 (€3,159/m²), a €68,589 (15.8%) gap versus the €435,000 asking price.
Long-term rental The property offers a gross yield of 2.6%, which is below the typical expectations for a long-term rental investment, especially given its fair value is significantly lower than the listing price. Consequently, potential investors should consider the property overpriced at €435,000, which limits the return on investment in the long-term rental market. Family rental With a good condition rating of 77/100 and a reasonable neighborhood score of 71/100, the apartment may appeal to families looking for stability, yet the price remains a concern. Priced at €435,000, it is considered overpriced, reducing its attractiveness in the family rental segment. Buy-and-hold While the apartment's location in Greater Lisbon shows promise, the 15.8% gap between the listing price and fair value raises red flags for buy-and-hold strategies. At €435,000, the property is overpriced, which could lead to challenges in capital appreciation over time for long-term investors.
Tenant turnover risk The tenant stability score of 65/100 suggests moderate risk of tenant turnover, which could impact rental income.
