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.
3-bedroom, 2-bathroom apartment of 124 m², built in 1967, energy rating D. Located on rua União Piedense S / N, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts a modern kitchen equipped with high-end appliances and features two balconies that enhance its natural light and provide unobstructed views.
The valuation. The asking price of €358,000 is below the fair value of €405,002 by €47,002 (13.1%). This makes the property underpriced, presenting a strong opportunity for investors. Buy-to-flip angle. With potential renovations, the property could be revalued and sold for a profit, targeting an upscale market appealing to families or young professionals looking in the Almada area. Buy-to-let angle. The estimated rental income of €1,104 per month provides a gross yield of 3.7%, making it an attractive option for long-term rental strategies that leverage the demand from Lisbon's metro employment opportunities.
Fair value modelled at €405,002 from the area baseline, adjusted for condition and location. Asking €358,000 sits €47,002 (13.1%) below — the upside to fair value.
Asking €358,000 versus the rua União Piedense S / N area baseline of €358,112 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 82 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 80 · Economic 90 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua União Piedense S / N
Area baseline €358,112 + condition +€6,781 + location +€40,109 = modelled fair value of €405,002 (€3,266/m²), a €47,002 (13.1%) gap versus the €358,000 asking price.
Long-term rental The property in Cova da Piedade offers a compelling opportunity for long-term rental given its fair value of €405,002 compared to the listing price of €358,000, indicating a 13.1% gap that enhances profitability potential. With a gross yield of 3.7% and a favourable neighbourhood score of 78/100, it appeals to a stable tenant demographic attracted by nearby employment opportunities in the Lisbon metro area. Family rental Due to its spacious 124m² layout and strong neighbourhood amenities, this 3-bed apartment is well-suited for family rentals, attracting tenants looking for quality living close to Lisbon. The area’s economic stability combined with the fair value analysis suggests that this property can provide consistent and reliable returns over time. Buy-and-hold Investors seeking a buy-and-hold strategy can find value in this property, as it is listed €47,002 below its fair value, suggesting solid capital appreciation potential. The apartment's condition rating of 79/100 further supports the case for long-term investment, allowing for rental income while benefiting from long-term value increase.
Tenant turnover risk The tenant stability score of 70/100 indicates a potential for higher turnover, which can lead to increased vacancy costs and revenue fluctuations.
