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 73 m², built in 1956, energy rating C. Located on rua do Armeiro-Mor, 6, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes two enclosed balconies, providing versatile options for additional storage, leisure, or even a winter garden, enhancing its overall utility and comfort.
The valuation. The asking price of €270,000 is significantly above the fair value of €221,437, indicating an overpriced position by €48,563 (18.0%). This valuation suggests the property may not be a wise investment choice at the current asking price.
Fair value modelled at €221,437 from the area baseline, adjusted for condition and location. Asking €270,000 sits €48,563 (18.0%) above — overpriced versus fair value.
Asking €270,000 versus the rua do Armeiro-Mor, 6 area baseline of €210,824 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 65 · Materials 68 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua do Armeiro-Mor, 6
Area baseline €210,824 + condition -€8,783 + location +€19,396 = modelled fair value of €221,437 (€3,033/m²), a €48,563 (18.0%) gap versus the €270,000 asking price.
Long-term rental The property is listed at €270,000, which is 18.0% above its fair value of €221,437, indicating that the investment is overpriced. Given the gross yield of 3.6% and the neighborhood rating of 73/100, potential returns may not justify the elevated price point. Family rental At a listing price of €270,000, the property exceeds its fair value by 18.0%, suggesting it is overpriced and may not attract families seeking cost-effective rental solutions. The acceptable condition score of 67/100 may not compensate for the high purchase price relative to the rental yield. Buy-and-hold With the current price set at €270,000 and a fair value of €221,437, this property is priced 18.0% higher than justified, making it a questionable buy-and-hold investment. Despite a 3.6% gross yield, the long-term increase potential may be limited by the initial overvaluation in a competitive neighborhood. Short-term vacation rental The investment at €270,000 does not represent a favorable opportunity as the property is overpriced at an 18.0% gap from its fair value. With a yield of only 3.6%, it may struggle to generate the returns typically expected in the short-term vacation rental market. Luxury market This property, priced at €270,000, is not aligned with the luxury market due to its 18.0% overpricing compared to its fair value of €221,437. The moderate condition and neighborhood ratings limit its appeal to luxury buyers seeking premium investments.
Tenant turnover risk With a tenant stability score of 65/100, there is a notable risk of higher tenant turnover, which could lead to increased vacancy rates and associated costs.
