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 73 m², built in 1991, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a fully equipped independent kitchen with modern appliances and granite countertops, providing both style and functionality for home cooking enthusiasts.
The valuation. The asking price of €309,500 is significantly above the fair value of €236,196, presenting an overpriced situation of €73,304 (23.7%). Buyers should approach with caution given this discrepancy.
Fair value modelled at €236,196 from the area baseline, adjusted for condition and location. Asking €309,500 sits €73,304 (23.7%) above — overpriced versus fair value.
Asking €309,500 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €250,609 (€3,433/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 80 · Materials 77 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 70 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €250,609 + condition +€5,133 + location +€20,239 = modelled fair value of €236,196 (€3,236/m²), a €73,304 (23.7%) gap versus the €309,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 0900c2 | Subject | €309,500 | €4,240 | — | 80 | 74 |
| rua Ramalho Ortigão S / N | Active | €278,000 | €3,915 | 7.6% | 72 | 72 |
| parque da Paz | Active | €285,000 | €3,851 | 9.2% | 70 | 78 |
| rua Bento de Jesus Caraça, 51 | Active | €265,000 | €3,232 | 23.8% | 75 | 76 |
| rua do Cabo da Boa Esperança | Active | €299,000 | €3,987 | 6.0% | 85 | 74 |
| Median comp | €281,500 | €3,883 | 8.4% | 74 | 75 |
Long-term rental Given the apartment’s listing price of €309,500, which is 23.7% above the fair value of €236,196, the property appears overpriced for a long-term rental strategy. Additionally, the gross yield of 0% indicates that holding this property may not provide sufficient return on investment over time. Family rental With the neighborhood rating of 74/100 and no gross yield, the apartment priced at €309,500 does not align well with family rental goals, as potential tenants may seek more affordable options. The property’s condition rating of 80/100 could attract families, but the current price significantly hinders financial feasibility. Buy-and-hold The current market listing of €309,500, being substantially above its fair value, suggests that this apartment is overpriced for a buy-and-hold investment approach. While the neighborhood has decent tenant quality, the lack of rental yield further complicates the long-term appreciation strategy for this property.
[Reduced tenant retention risk] With a tenant stability score of 70/100, there is a significant risk of higher turnover rates which can lead to increased vacancy costs and potential income loss.
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