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.
0-bedroom, 0-bathroom mix_use_building of 522 m². Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property comes with an approved rehabilitation project allowing for immediate submission of a Preliminary Communication, along with significant tax advantages due to its historical status.
The valuation. The asking price of €550,000 is significantly below the fair value of €1,205,095, representing a discount of €655,095 (119.1%). This property is therefore considered subpriced, presenting an opportunity for investment.
Fair value modelled at €1,205,095 from the area baseline, adjusted for condition and location. Asking €550,000 sits €655,095 (119.1%) below — the upside to fair value.
Asking €550,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €1,807,686 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 15/100 (Condition 10 · Materials 12 · Room dimensions 20). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 81/100 (Housing Market 85 · Amenities 80 · Economic 80 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €1,807,686 + condition -€489,375 + location +€186,934 = modelled fair value of €1,205,095 (€2,309/m²), a €655,095 (119.1%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · aff631 | Subject | €550,000 | €1,054 | — | — | 81 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f205 | Active | €2,190,000 | €2,547 | 141.7% | — | 77 |
| rua Manuel Febrero S / N | Active | €235,000 | €1,808 | 71.6% | — | 77 |
| rua Carvalho Serra, 16 | Active | €1,000,000 | €1,393 | 32.2% | — | 79 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f203 | Active | €1,400,000 | €2,456 | 133.1% | — | 76 |
| Median comp | €1,200,000 | €2,132 | 102.3% | — | 77 |
Long-term rental This property presents a unique opportunity for long-term rental, as its fair value significantly exceeds the current listing price by 119.1%. With consistent demand in the Lisbon suburban area, this investment can yield attractive returns over time. Family rental Positioned in a neighborhood rated 81/100, this property is well-suited for family rentals, offering stable demand due to its proximity to local amenities and overall community safety. Given the fair value of €1,205,095, the asking price of €550,000 reveals a considerable gap that makes this an appealing family rental investment option. Buy-and-hold Investors looking for a buy-and-hold strategy will find this property advantageous, given its current pricing well below its fair value, which enhances its potential resale value. The property’s location in the Lisbon suburban area suggests that holding onto this asset could prove beneficial as demand continues to stabilize. Not ideal for short-term vacation rental Due to its low gross yield of 0% and the property's current condition rating of 15/100, it is not suitable for short-term vacation rental strategies. These factors limit the potential for high turnover and profitability typically sought in short-term rental markets. Not ideal for student housing Given the property’s condition and lack of immediate yield, it is not an ideal candidate for student housing. The demographic appeal and amenities in the Lisbon suburban area may not align well with the needs of student tenants, particularly given the current ratings.
Economic downturn impact A slight decrease in economic stability from 80 could lead to a potential increase in vacancy rates, negatively affecting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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