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, 1-bathroom apartment of 61 m², built in 1950, energy rating F. Located on calçada do Cardeal, São Vicente parish, Lisbon municipality, Lisbon district. The apartment's 4th-floor location without an elevator provides a rare unobstructed river view, enhancing its appeal in a sought-after area of Lisbon with high appreciation potential.
The valuation. The asking price of €275,000 is significantly above fair value, which stands at €96,781, resulting in an excess of €178,219 (64.8%). Verdict: overpriced. Buy-to-flip angle. Given the outdated condition, a buy-to-flip strategy would require substantial renovation investments to modernize the apartment and appeal to luxury buyers in the market. Buy-to-let angle. With a gross yield of 5.4%, the rental income strategy projects approximately €1,238 per month, offering stable cash flow despite ongoing maintenance needs.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| calçada do Cardeal | Subject | €275,000 | €4,508 | — | 30 | 85 |
| Areeiro · 49b6d2 | Active | €445,000 | €4,045 | 10.3% | 42 | 83 |
| São Vicente · 65a607 | Active | €310,000 | €3,605 | 20.0% | 40 | 83 |
| calçada do Cardeal, 26 | Active | €175,000 | €3,125 | 30.7% | — | 80 |
| largo de Santos | Active | €675,000 | €6,750 | 49.7% | 60 | 83 |
| Median comp | €377,500 | €3,825 | 15.2% | 42 | 83 |
Long-term rental The property is overpriced by 64.8% compared to its fair value, which undermines its potential as a reliable long-term rental investment. Additionally, with a gross yield of only 5.4% and a condition rating of 39/100, this investment does not align with the performance expectations typically sought by long-term investors. Buy-and-hold Investing in this property as a buy-and-hold strategy is hindered by its significant markup of 64.8% over fair value, which casts doubt on future appreciation potential. The apartment's low condition rating of 39/100 suggests that ongoing maintenance may erode any potential capital gains over time. Luxury market Entering the luxury market with this apartment is problematic, as it is overpriced at €275,000 when fair value is assessed at only €96,781, leading to a 64.8% disparity. The moderately favorable neighborhood score of 85/100 does not justify the inflated asking price, limiting appeal to high-end buyers looking for true value in this segment.
Tenant turnover risk: With a tenant stability score of 75/100, there is a potential risk of higher turnover rates, which could lead to increased vacancy periods and associated costs.
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