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.
1-bedroom, 1-bathroom apartment of 30 m², built in 1951, energy rating D. Located on travessa da Espera, 38, Misericórdia parish, Lisbon municipality, Lisbon district. Property Features: This apartment boasts a charming balcony overlooking typical Lisbon streets, perfect for enjoying morning coffee in the lively Bairro Alto neighborhood. Local Amenities: Just steps away from vibrant cultural hotspots and public transit.
The valuation. The asking price of €245,000 significantly exceeds the fair value of €135,336, indicating an overpricing of €109,664 (44.8%). This valuation suggests the property is not a prudent investment choice at its current listed price.
Fair value modelled at €135,336 from the area baseline, adjusted for condition and location. Asking €245,000 sits €109,664 (44.8%) above — overpriced versus fair value.
Asking €245,000 versus the travessa da Espera, 38 area baseline of €175,110 (€5,837/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 85/100 (Housing Market 90 · Amenities 90 · Economic 90 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
travessa da Espera, 38
Area baseline €175,110 + condition +€656 + location +€16,540 = modelled fair value of €135,336 (€4,511/m²), a €109,664 (44.8%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Espera, 38 | Subject | €245,000 | €8,167 | — | 72 | 85 |
| rua Freitas Gazul | Active | €288,000 | €8,229 | 0.8% | 74 | 83 |
| Campolide · 38b4f6 | Active | €400,000 | €11,111 | 36.1% | 76 | 77 |
| calçada de Santana | Active | €235,000 | €7,833 | 4.1% | 76 | 89 |
| rua do Paraíso | Active | €390,000 | €6,094 | 25.4% | 80 | 80 |
| Median comp | €339,000 | €8,031 | 1.7% | 76 | 82 |
Long-term rental This 1-bed apartment in Misericórdia is priced at €245,000, which is 44.8% above its fair value of €135,336, indicating it is overpriced and poses a risk for long-term rental investments. Despite the appealing location in a desirable neighbourhood, the yield of 4.4% further highlights the downside of overvaluation in this strategy. Short-term vacation rental While the central position of this property in Lisbon has potential for short-term vacation rentals, its listing price reflects a substantial 44.8% gap from the fair value of €135,336, suggesting it is overpriced. The expected return on investment may be adversely affected by the inflated purchase price, reducing overall profitability in this competitive market. Buy-and-hold Investing in this overpriced property at €245,000, which exceeds the fair value by 44.8%, could be detrimental in a buy-and-hold strategy. Although the neighbourhood offers favorable qualities, the excessive initial outlay limits potential long-term investment returns, making it a less attractive opportunity for this approach.
Economic downturn risk: Despite an economic stability score of 90/100, a sudden economic downturn could significantly impact tenant demand, especially with a tenant stability score of 80/100, indicating potential volatility in occupancy rates.
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