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, 2-bathroom apartment of 92 m² on the 3rd floor, built in 1974, energy rating E. Located on praça da Portela, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a well-designed, fully equipped modern kitchen that harmonizes aesthetics and functionality, alongside a bright living room ideal for versatile gatherings and leisure activities.
The valuation. The asking price of €350,000 is considerably above the fair value of €311,575, representing an excess of €38,425 (11.0%). The property is thus deemed overpriced.
Fair value modelled at €311,575 from the area baseline, adjusted for condition and location. Asking €350,000 sits €38,425 (11.0%) above — overpriced versus fair value.
Asking €350,000 versus the praça da Portela area baseline of €315,836 (€3,433/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 85 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 86/100 (Housing Market 80 · Amenities 90 · Economic 85 · Tenant Quality 90). Strong amenities and housing-market momentum support a premium to baseline.
praça da Portela
Area baseline €315,836 + condition +€7,619 + location +€38,260 = modelled fair value of €311,575 (€3,387/m²), a €38,425 (11.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da Portela | Subject | €350,000 | €3,804 | — | 78 | 86 |
| rua Infante Dom Pedro | Active | €359,900 | €3,213 | 15.5% | 70 | 76 |
| rua Dom Pedro de Almeida Portugal | Active | €359,900 | €3,213 | 15.5% | 73 | 75 |
| Laranjeiro e Feijó · 96c52d | Active | €320,000 | €3,048 | 19.9% | 70 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 49b924 | Active | €349,900 | €3,722 | 2.2% | 75 | 70 |
| Median comp | €354,900 | €3,213 | 15.5% | 72 | 75 |
Long-term rental The property is priced at €350,000, which is approximately 11% higher than its fair market value of €311,575, indicating it is overpriced for long-term rental purposes. With a gross yield of only 3.1%, this investment may not meet the expected return thresholds for discerning landlords. Buy-and-hold At €350,000, this apartment exceeds the fair value benchmark by 11%, suggesting it may not provide the long-term capital appreciation necessary for a successful buy-and-hold strategy. The decent neighborhood rating of 86/100 is appealing, but the overpriced nature of the asset limits its attractiveness for stable long-term investment. Family rental While the property is located in a family-friendly area with a neighbourhood rating of 86/100, its asking price of €350,000 is still 11% above fair value, making it unattractive for family rental purposes. The lower yield of 3.1% further dissuades potential investors looking for solid family rental opportunities due to the elevated price. Short-term vacation rental This property is not ideal for short-term vacation rental as it is currently priced at €350,000, which is 11% above its fair value. The yield of 3.1% is insufficient to justify the investment in a competitive short-term rental market where profitability is crucial.
Economic Dependency Risk The property may face economic uncertainty if the local economy, despite a score of 85/100, experiences downturns, which could impact tenants' ability to pay rent even with a high tenant stability score of 90/100.
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