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 75 m², built in 1978, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Unique Feature: The property includes a functional balcony, enhancing outdoor living space and providing additional natural light to the living area.
The valuation. The asking price of €255,000 sits €29,702 (11.6%) above the fair value of €225,298, indicating that the property is overpriced.
Fair value modelled at €225,298 from the area baseline, adjusted for condition and location. Asking €255,000 sits €29,702 (11.6%) above — overpriced versus fair value.
Asking €255,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €216,600 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 67 · Materials 65 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €216,600 + condition -€13,828 + location +€22,526 = modelled fair value of €225,298 (€3,004/m²), a €29,702 (11.6%) gap versus the €255,000 asking price.
Long-term rental This property presents a gross yield of 4.2%, which is relatively low compared to the market averages, particularly given its 11.6% markup over fair value. With a condition score of 63/100, future maintenance costs may erode profitability, making this investment less compelling for long-term rental purposes. Family rental While the neighborhood has a decent score of 76/100, which suggests a supportive environment for families, the apartment's overpriced status at €255,000 limits potential return on investment for family rentals. The fair value assessment at €225,298 indicates that the current listing does not provide a sustainable financial opportunity for families seeking rentals in this area. Buy-and-hold The 11.6% gap above fair value indicates that holding this property could result in stagnated capital appreciation; thus, it may not be an ideal candidate for a buy-and-hold strategy. Given the current valuation, future returns will likely be jeopardized unless the local market shows substantial growth beyond current projections.
Economic Dependence Risk The property may be vulnerable to economic downturns due to its stability score of 80/100, which, while relatively high, still indicates potential fluctuations in economic conditions that could affect tenant retention based on the 75/100 tenant stability score.
