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 76 m², built in 1956, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment features a spacious balcony that enhances outdoor living and offers excellent sun exposure, making it a perfect spot for relaxation and entertaining.
The valuation. The asking price of €425,000 exceeds the fair value of €254,733 by €170,267, representing an overvaluation of 40.1%. This indicates that the property is overpriced for the current market conditions.
Fair value modelled at €254,733 from the area baseline, adjusted for condition and location. Asking €425,000 sits €170,267 (40.1%) above — overpriced versus fair value.
Asking €425,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €219,488 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 80/100 (Housing Market 80 · Amenities 80 · Economic 85 · 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 €219,488 + condition +€8,906 + location +€26,339 = modelled fair value of €254,733 (€3,352/m²), a €170,267 (40.1%) gap versus the €425,000 asking price.
Long-term rental In the current listing at €425,000, this 2-bed apartment offers a gross yield of only 2.5%, which is considerably low compared to other investment opportunities. Given the significant gap of 40.1% compared to its fair value of €254,733, investing in this property as a long-term rental may not deliver the expected returns. Buy-and-hold Acquiring this apartment for buy-and-hold purposes is undermined by its overpriced status, priced at €425,000 versus a fair value of €254,733. The projected yield of 2.5% does not justify the investment, especially when the property is 40.1% above fair market value. Family rental This property, while located in a desirable commuter suburb, is listed at €425,000, creating a substantial pricing discrepancy with its fair value of €254,733. At a low gross yield of 2.5% and an overvaluation of 40.1%, it poses risks for family rental investors looking for stable returns.
Potential Tenant Turnover Risk Tenants may experience instability due to a tenant stability score of 75/100, which could lead to increased vacancy rates and associated costs.
