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.
4-bedroom, 2-bathroom apartment of 200 m² on the 2nd floor, energy rating C. Located on avenida 23 de Julho, 1C, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Notable Feature: This apartment boasts a generous 110m² private terrace, ideal for outdoor lounging or gardening, complemented by abundant natural light due to its favorable southern exposure.
The valuation. The asking price of €470,000 sits significantly below the fair value of €660,360, indicating the property is subvalued by €190,360, or 40.5%. This makes it an excellent opportunity for investors to acquire assets at a favorable price.
Fair value modelled at €660,360 from the area baseline, adjusted for condition and location. Asking €470,000 sits €190,360 (40.5%) below — the upside to fair value.
Asking €470,000 versus the avenida 23 de Julho, 1C area baseline of €577,600 (€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 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 80 · Economic 90 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida 23 de Julho, 1C
Area baseline €577,600 + condition +€25,000 + location +€57,760 = modelled fair value of €660,360 (€3,302/m²), a €190,360 (40.5%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida 23 de Julho, 1C | Subject | €470,000 | €2,350 | — | 80 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Active | €395,000 | €2,026 | 13.8% | 75 | 80 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 22.9% | 80 | 78 |
| rua Almerinda Correia, 19 | Active | €399,000 | €2,752 | 17.1% | 78 | 75 |
| rua Gaspar Correia | Active | €342,500 | €3,460 | 47.2% | 75 | 78 |
| Median comp | €376,500 | €2,820 | 20.0% | 77 | 78 |
Long-term rental This property presents a strong opportunity for long-term rental, as it is currently priced 40.5% below its fair value of €660,360, aligning with healthy demand in the suburban area of Almada. With a gross yield of 3.7% and good condition rated 83/100, it attracts quality tenants seeking stable accommodation near Lisbon. Family rental As a spacious 4-bed apartment, this property is ideal for family rental, catering to those looking for ample living space close to urban amenities. Its lower price point relative to fair value makes it appealing for families prioritizing value without compromising on quality, evidenced by the neighborhood rating of 75/100. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield substantial returns, given its 40.5% gap from fair value and a strong condition rating of 83/100. The appreciation potential in the suburban market of Almada supports a long-term investment perspective, especially for investors looking for stability in a sought-after location.
Tenant turnover risk The tenant stability score of 70/100 suggests a moderate likelihood of tenant turnover, which could affect cash flow due to potential vacancy periods and re-letting costs.
