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 195 m², built in 1963, energy rating C. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment features a converted sunroom offering versatile usage, providing additional storage and workspace while enhancing its appeal in a prime city location.
The valuation. The asking price of €395,000 is significantly below the fair value of €624,645, marking an undervaluation of €229,645 (58.1%). This presents an excellent opportunity for savvy investors. Buy-to-flip angle. With an attractive purchase price, the resale strategy hinges on minor renovations to elevate the apartment's appeal, targeting a higher market price during resale. The strong local dynamics will support this approach. Buy-to-let angle. Anticipated monthly rental income of approximately €1,580 results in a gross yield of 4.8%, positioning this apartment as a solid long-term rental investment. Family rentals are particularly viable given the neighborhood's amenities.
Fair value modelled at €624,645 from the area baseline, adjusted for condition and location. Asking €395,000 sits €229,645 (58.1%) below — the upside to fair value.
Asking €395,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €563,160 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 75 · Materials 70 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 80/100 (Housing Market 80 · Amenities 80 · Economic 80 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €563,160 + condition -€6,094 + location +€67,579 = modelled fair value of €624,645 (€3,203/m²), a €229,645 (58.1%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Subject | €395,000 | €2,026 | — | 75 | 80 |
| Laranjeiro e Feijó · b45306 | Active | €245,000 | €2,849 | 40.6% | 65 | 74 |
| praça da Portela | Active | €429,000 | €2,648 | 30.7% | 70 | 75 |
| avenida 23 de Julho, 1C | Active | €470,000 | €2,350 | 16.0% | 80 | 75 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 42.5% | 80 | 78 |
| Median comp | €393,500 | €2,749 | 35.7% | 75 | 75 |
Long-term rental The property presents an attractive gross yield of 4.8%, making it a solid option for long-term rental investments. With a fair value of €624,645, it is undervalued at €395,000, providing a significant gap of 58.1% that could enhance rental returns. Family rental Given its spacious 195m² layout and strong neighborhood rating of 80/100, this apartment is well-suited for families seeking a long-term home. The proximity to essential amenities in the Greater Lisbon area positions it favorably for tenant demand, highlighting its potential as an effective family rental. Buy-and-hold Purchasing this property aligns well with a buy-and-hold strategy due to the substantial gap of 58.1% versus its fair value. With a robust local economy and a condition rating of 73/100, the potential for property appreciation over time is promising, making it a compelling addition to any investment portfolio.
Economic Downturn Impact The property has an economic stability score of 80/100, which indicates a moderate risk of potential downturns affecting rental demand and tenant turnover in times of financial instability.
