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 68 m². Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts a closed balcony off the master bedroom, enhancing privacy and providing additional space for relaxation or storage.
The valuation. The asking price of €250,000 sits €38,205 (15.3%) above the fair value of €211,795, indicating that the property is overpriced. This discrepancy suggests a lack of immediate financial advantage for potential buyers.
Fair value modelled at €211,795 from the area baseline, adjusted for condition and location. Asking €250,000 sits €38,205 (15.3%) above — overpriced versus fair value.
Asking €250,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €196,384 (€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 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 70 · 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 €196,384 + condition -€2,656 + location +€18,067 = modelled fair value of €211,795 (€3,115/m²), a €38,205 (15.3%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 25f513 | Subject | €250,000 | €3,676 | — | 75 | 73 |
| rua Paula Vicente, 6A | Active | €309,500 | €4,240 | 15.3% | 70 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 08ffb3 | Active | €310,000 | €3,780 | 2.8% | 75 | 74 |
| rua Bento de Jesus Caraça, 51 | Active | €265,000 | €3,232 | 12.1% | 75 | 76 |
| parque da Paz | Active | €285,000 | €3,851 | 4.8% | 70 | 78 |
| Median comp | €297,250 | €3,816 | 3.8% | 73 | 76 |
Long-term rental The 2-bed apartment in Almada, listed at €250,000, is overpriced compared to its fair value of €211,795, reflecting a gap of 15.3%. With a gross yield of 3.9%, the potential returns are limited, making it less attractive for long-term rental investments. Family rental While the property is in a suburban area with reasonable amenities and tenant quality, its high listing price of €250,000, exceeding the fair value by 15.3%, diminishes its appeal for family rental purposes. The yield of 3.9% does not justify the investment given the property’s condition and market dynamics. Buy-and-hold The apartment’s value of €250,000 suggests a strategy of buying and holding may not be prudent due to its 15.3% overpricing against the fair value of €211,795. As the yield is only 3.9%, potential long-term capital appreciation is likely to be constrained in the current market setting.
Economic Volatility Exposure With an economic stability score of 70/100, there's a risk that shifts in the local economy could negatively impact rental income, given the moderate stability rating.
