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, 2-bathroom apartment of 75 m², built in 1994. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features enhanced security measures including anti-theft shutters and a security monitoring system, ensuring peace of mind for residents.
The valuation. The asking price of €339,500 is significantly above the fair value of €246,062, representing an overpricing of €93,438 (27.5%). This suggests the property may not provide value at its current listing. Buy-to-flip angle. A resale strategy would require extensive renovations despite the high-quality finishes, targeting a market price above €339,500, potentially capitalizing on Lisbon's urban demand. Buy-to-let angle. With an estimated rental income of €934/month, the gross yield is only 3.3%, indicating a long-term rental strategy may yield modest returns relative to the initial investment but could attract tenants due to its appealing features and location.
Fair value modelled at €246,062 from the area baseline, adjusted for condition and location. Asking €339,500 sits €93,438 (27.5%) above — overpriced versus fair value.
Asking €339,500 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 79/100 (Condition 80 · Materials 85 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 79/100 (Housing Market 80 · Amenities 80 · 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 +€4,336 + location +€25,126 = modelled fair value of €246,062 (€3,281/m²), a €93,438 (27.5%) gap versus the €339,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a63 | Subject | €339,500 | €4,527 | — | 80 | 79 |
| rua das Madres, 102 | Active | €635,000 | €5,773 | 27.5% | 85 | 80 |
| rua Maestro António Taborda, 32 | Active | €365,000 | €5,615 | 24.1% | 76 | 80 |
| rua de São Bento, 59 | Active | €579,900 | €4,956 | 9.5% | 74 | 80 |
| calçada do Combro | Active | €485,000 | €7,029 | 55.3% | 75 | 80 |
| Median comp | €532,450 | €5,694 | 25.8% | 76 | 80 |
Long-term rental The property at €339,500 is currently overpriced compared to the fair value of €246,062, creating a significant gap that hinders long-term investment potential. With a gross yield of 3.3%, the financial return does not justify the elevated price point in a competitive rental market. Family rental Despite its potential as a family rental, the apartment's listing price of €339,500 is significantly above the fair value of €246,062, reflecting a 27.5% gap that investors should be cautious of. Families seeking rental options may find more attractive alternatives that do not carry such a high premium. Buy-and-hold At a listing price of €339,500, this property is overpriced when valued at €246,062, which could impede long-term capital appreciation under current market conditions. Investors looking for buy-and-hold strategies may want to consider lower-valued options to enhance overall portfolio performance.
Economic Dependency Risk The economic stability score of 80 indicates a relatively strong economic environment, but the tenant stability score of 75 suggests a potential risk of turnover or vacancies that could impact rental income.
