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 82 m² on the 3rd floor, built in 1988, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a sunroom that enhances the living space with natural light and is secured with a reinforced door for added safety.
The valuation. The asking price of €310,000 sits €46,734 (15.1%) above the fair value of €263,266. This property is considered overpriced according to market standards. Buy-to-flip angle. The strategy for resale focuses on renovations to enhance appeal, aiming for a quicker turnover in the rising Almada market while targeting potential buyers willing to pay a premium. Buy-to-let angle. With an estimated gross yield of 3.5%, rental income is projected at around €904 per month, appealing for long-term tenants in a commuter-friendly suburban location.
Fair value modelled at €263,266 from the area baseline, adjusted for condition and location. Asking €310,000 sits €46,734 (15.1%) above — overpriced versus fair value.
Asking €310,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €281,506 (€3,433/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 70 · 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 €281,506 + condition +€3,716 + location +€22,734 = modelled fair value of €263,266 (€3,211/m²), a €46,734 (15.1%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 08ffb3 | Subject | €310,000 | €3,780 | — | 75 | 74 |
| rua do Cabo da Boa Esperança | Active | €299,000 | €3,987 | 5.5% | 85 | 74 |
| rua Paula Vicente, 6A | Active | €309,500 | €4,240 | 12.1% | 70 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 25f513 | Active | €250,000 | €3,676 | 2.8% | 75 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 0900c2 | Active | €309,500 | €4,240 | 12.1% | 80 | 74 |
| Median comp | €304,250 | €4,114 | 8.8% | 78 | 74 |
Long-term rental The property is overpriced at €310,000 compared to its fair value of €263,266, indicating a significant gap of 15.1%. With a gross yield of only 3.5%, this investment may struggle to deliver desirable returns over the long term. Family rental At a listing price of €310,000, the property does not represent an attractive option for family rentals considering its fair value of €263,266, creating a 15.1% premium. In a suburban area with reasonable amenities, the risk of vacancy may increase due to the higher price point compared to local rental market conditions. Buy-and-hold Investing in this property as a buy-and-hold strategy is not recommended, given its listing price of €310,000 exceeds the fair value by 15.1%. The modest gross yield of 3.5% in conjunction with the high initial investment makes it unlikely to generate satisfactory returns over time.
Economic sensitivity Although the economic stability score is 80/100, a sudden downturn could negatively impact tenant retention, given a tenant stability score of 75/100, potentially leading to increased vacancy rates and loss of rental income.
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