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 51 m², energy rating E. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This property features expansive natural light due to its favorable orientation and the possibility of creating an open-concept living space, enhancing its overall appeal and value.
The valuation. The asking price of €235,000 is significantly above the fair value of €141,455, making it overpriced by €93,545 or 39.8%. This disparity indicates that investors should approach with caution. Buy-to-flip angle. A resale strategy would require significant renovation due to the apartment's basic finishes, potentially increasing its market appeal. However, the current price diminishes immediate profit opportunities in a flip scenario. Buy-to-let angle. With a gross yield of 4.1%, the estimated rental income of €803/month offers a moderate return, appealing to long-term rental strategies. The stable neighborhood further supports consistent rental demand.
Fair value modelled at €141,455 from the area baseline, adjusted for condition and location. Asking €235,000 sits €93,545 (39.8%) above — overpriced versus fair value.
Asking €235,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €147,288 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 (Condition 45 · Materials 40 · Room dimensions 52). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 80/100 (Housing Market 85 · Amenities 80 · Economic 80 · Tenant Quality 75). 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 €147,288 + condition -€23,508 + location +€17,675 = modelled fair value of €141,455 (€2,774/m²), a €93,545 (39.8%) gap versus the €235,000 asking price.
Long-term rental This 1-bed apartment in Almada is currently overpriced by 39.8% based on its fair value of €141,455, which limits the potential for long-term rental returns. With a gross yield of only 4.1%, the investment may not generate sufficient cash flow to justify the high acquisition cost. Buy-and-hold Based on its current listing price of €235,000, this property is significantly overpriced, limiting its appeal for a buy-and-hold strategy. The gap to fair value suggests that growth in property appreciation will likely not compensate for the initial investment risk. Family rental The overpriced nature of this apartment, shown by a substantial 39.8% markup over fair value, raises concerns regarding its viability as a family rental. While the neighbourhood scores well at 80/100, the financial threshold required for entry may deter potential tenants.
Tenant turnover risk High tenant turnover may occur due to a tenant stability score of 75/100, which indicates potential challenges in maintaining consistent rental income.
