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 77 m², built in 1956, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a private parking space with automatic gate access, a rare convenience in such a central Almada location, enhancing urban living experience.
The valuation. The asking price of €390,000 is significantly above fair value, which is estimated at €250,053, resulting in an excess of €139,947 (35.9%). The property is therefore considered overpriced.
Fair value modelled at €250,053 from the area baseline, adjusted for condition and location. Asking €390,000 sits €139,947 (35.9%) above — overpriced versus fair value.
Asking €390,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €222,376 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 75 · Economic 80 · 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 €222,376 + condition +€7,219 + location +€20,459 = modelled fair value of €250,053 (€3,247/m²), a €139,947 (35.9%) gap versus the €390,000 asking price.
Long-term rental The property, priced at €390,000, represents a 35.9% gap from its fair value of €250,053, indicating it is overpriced. A gross yield of 2.8% suggests that, while there may be stable demand due to its proximity to Lisbon, the current pricing makes it less attractive for long-term rental investments. Family rental Given the property's assessment as overpriced, potential family tenants may seek alternatives that better align with market values. The fair value indicates that this property does not provide the financial feasibility families typically expect when renting a home. Buy-and-hold As an investment strategy, the property currently reflects a significant overvaluation, which could limit capital appreciation over time. While the neighbourhood offers good access to amenities, the existing gap from fair value diminishes the long-term viability of this buy-and-hold approach.
Tenant turnover risk High tenant turnover is a concern given the 70/100 tenant stability score, indicating potential vacancies and associated costs when re-leasing the property.
