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 64 m², built in 1956, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This property features an automatic gate for private parking, a rare find in a central Almada location, enhancing security and convenience for residents.
The valuation. The asking price of €430,000 sits significantly above the fair value of €206,815, representing an overpriced position of €223,185 (51.9%). This property does not present a compelling investment opportunity. Buy-to-flip angle. With high-quality finishes, a minor renovation may enhance appeal for resale; however, given the asking price, securing an attractive profit through flipping is unlikely. Buy-to-let angle. The estimated gross yield of 2.4% at €860/month suggests limited rental income potential for this apartment, making long-term holding less favorable for cash flow.
Fair value modelled at €206,815 from the area baseline, adjusted for condition and location. Asking €430,000 sits €223,185 (51.9%) above — overpriced versus fair value.
Asking €430,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €184,832 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €184,832 + condition +€3,500 + location +€18,483 = modelled fair value of €206,815 (€3,231/m²), a €223,185 (51.9%) gap versus the €430,000 asking price.
Long-term rental The property, with a gross yield of 2.4%, does not justify its listing price of €430,000, which is 51.9% above fair value at €206,815. This overpricing diminishes the potential returns for landlords in a competitive rental market. Family rental Although the property is well-suited for family living with access to amenities and schools, the high asking price makes it challenging to achieve a profitable rental strategy. The current valuation at €430,000 severely limits the potential for affordable housing options in the suburban zone. Buy-and-hold With the property priced notably higher than its fair market value, the buy-and-hold strategy is less favorable given the current yield of 2.4%. Investors should consider alternative opportunities that provide better returns rather than committing to this overpriced property.
Economic downturn risk The property is exposed to potential economic instability given its economic stability score of 75/100, which could lead to declining property values or reduced rental income.
