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 1994, energy rating D. Located on praceta José Correia da Serra, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. The apartment features a spacious sunroom with abundant natural light, enhancing the living experience, and includes a dedicated storage room for improved organization.
The valuation. The asking price of €260,000 sits €27,320 (10.5%) above the fair value of €232,680, indicating that the property is overpriced according to market assessments.
Fair value modelled at €232,680 from the area baseline, adjusted for condition and location. Asking €260,000 sits €27,320 (10.5%) above — overpriced versus fair value.
Asking €260,000 versus the praceta José Correia da Serra area baseline of €210,824 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 76 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 77/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
praceta José Correia da Serra
Area baseline €210,824 + condition -€912 + location +€22,769 = modelled fair value of €232,680 (€3,187/m²), a €27,320 (10.5%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta José Correia da Serra | Subject | €260,000 | €3,562 | — | 75 | 77 |
| rua São João, 2 | Active | €275,000 | €3,716 | 4.3% | 74 | 74 |
| largo Soeiro Pereira Gomes, 7, 1ºD | Active | €240,000 | €4,000 | 12.3% | 75 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 38acda | Active | €245,000 | €2,988 | 16.1% | 70 | 80 |
| rua Ramalho Ortigão S / N | Active | €278,000 | €3,915 | 9.9% | 72 | 72 |
| Median comp | €260,000 | €3,816 | 7.1% | 73 | 75 |
Long-term rental The property is priced at €260,000, which translates to a 10.5% premium over its estimated fair value of €232,680. This overpricing could limit potential profitability over time, making it less attractive for investors seeking stable long-term rental income. Buy-and-hold A gross yield of 3.9% does not sufficiently compensate for the 10.5% overvaluation of this property, indicating that it may not deliver adequate returns in the long term. Additionally, while the neighborhood has decent ratings, the excessive purchase price diminishes the attractiveness of a buy-and-hold strategy. Family rental At €260,000, the property is overpriced relative to its fair market value, which could deter families looking for reasonably priced accommodation options. Although the neighborhood's quality supports family living, the excessive cost could make securing long-term tenants challenging due to affordability concerns.
Tenant Retention Risk The tenant stability score of 75 indicates a potential challenge in maintaining tenant occupancy, which could lead to increased vacancy rates affecting cash flow.
