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 65 m², built in 1966. Located on rua Elias Garcia, 37, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a private outdoor space perfect for gardening, while its location offers easy access to both public transport and key amenities. Potential for Appreciation: Strong renovation potential in a sought-after area.
The valuation. The asking price of €265,000 is significantly above the fair value of €183,049, resulting in an overpricing of €81,951, or 30.9%. This property is not positioned as a competitive investment opportunity.
Fair value modelled at €183,049 from the area baseline, adjusted for condition and location. Asking €265,000 sits €81,951 (30.9%) above — overpriced versus fair value.
Asking €265,000 versus the rua Elias Garcia, 37 area baseline of €223,145 (€3,433/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 50/100 (Condition 45 · Materials 67 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 78/100 (Housing Market 90 · Amenities 75 · Economic 85 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Elias Garcia, 37
Area baseline €223,145 + condition -€25,695 + location +€21,025 = modelled fair value of €183,049 (€2,816/m²), a €81,951 (30.9%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Elias Garcia, 37 | Subject | €265,000 | €4,077 | — | 45 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 38ba12 | Active | €250,000 | €3,906 | 4.2% | — | 74 |
| Estrela · 956809 | Active | €290,000 | €5,686 | 39.5% | 42 | 77 |
| rua Luís de Camões S / N | Active | €249,000 | €3,320 | 18.6% | 60 | 80 |
| rua José Carlos de Melo | Active | €230,000 | €2,190 | 46.3% | 45 | 74 |
| Median comp | €249,500 | €3,613 | 11.4% | 45 | 76 |
Long-term rental The 2-bed apartment in Almada is currently priced at €265,000, which is significantly above its fair value of €183,049, indicating an overpriced asset. With a gross yield of only 4.3% and a condition rating of 50/100, this investment may not generate expected returns over the long term. Family rental The price point of €265,000 for this apartment exceeds its fair value, creating a concerning gap of 30.9% which suggests it is overpriced. While the neighborhood has a decent score of 78/100, the condition of the property could deter potential family renters seeking comfortable accommodations. Buy-and-hold At a listing price of €265,000, the apartment is overpriced compared to its fair value of €183,049, which raises questions about the long-term appreciation potential. Given the current gross yield of 4.3% and a mediocre condition score of 50/100, holding onto this investment might not yield favorable benefits for an extended period.
Tenant turnover risk High tenant turnover may occur given the tenant stability score of 70/100, potentially leading to increased vacancies and associated costs.
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