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.
3-bedroom, 0-bathroom apartment of 91 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a traditional fireplace in the spacious living room, enhancing its charm and providing a cozy atmosphere during cooler months.
The valuation. The asking price of €308,000 exceeds the fair value of €270,721 by €37,279, indicating the property is overpriced by 12.1%. This valuation suggests a more prudent approach may be necessary for potential buyers.
Fair value modelled at €270,721 from the area baseline, adjusted for condition and location. Asking €308,000 sits €37,279 (12.1%) above — overpriced versus fair value.
Asking €308,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €262,808 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 66 · Materials 63 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 65 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €262,808 + condition -€15,214 + location +€23,127 = modelled fair value of €270,721 (€2,975/m²), a €37,279 (12.1%) gap versus the €308,000 asking price.
Family rental The property is listed at €308,000, which is 12.1% above the fair value of €270,721, indicating it may not provide the value needed to attract long-term family tenants. Given the decent neighborhood score of 72/100, demand may exist, but the pricing suggests potential returns could be compromised. Long-term rental With a gross yield of 4%, the apartment is overpriced relative to its fair value, potentially affecting its appeal to long-term renters who may seek more affordable options. The rent-to-value ratio is unattractive, and the condition rating of 64/100 suggests there may be necessary improvements that could further detract from profitability. Buy-and-hold Though the suburban nature of Almada could support future appreciation, the current listing price of €308,000 indicates the property is overpriced, presenting a challenge for a buy-and-hold investment strategy. Investors might face difficulties realizing a satisfactory return over time, with the existing price exceeding the fair value by a significant margin.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate likelihood of tenant turnover, which could lead to decreased rental income and additional costs related to turnover events.
