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 138 m², built in 2006, energy rating C. Located on rua António Gonçalves Correia, 2, Póvoa de Santa Iria e Forte da Casa parish, Vila Franca de Xira municipality, Lisbon district. This property features a generous closed garage box that accommodates parking, a motorcycle, bicycles, and additional storage, offering significant convenience compared to standard parking solutions.
The valuation. The asking price of €590,000 is significantly above the fair value of €336,765, indicating an overvaluation of €253,235 (42.9%). This pricing makes it less attractive for potential buyers seeking value. Buy-to-flip angle. The resale strategy would focus on renovation enhancements to increase appeal and justify a higher resale price, targeting buyers willing to invest in the high-end finishes already present. Buy-to-let angle. With an estimated gross yield of 2.5% from monthly rental income of approximately €1,229, this property offers steady cash flow, although the yield reflects the current pricing and neighborhood ratings.
Fair value modelled at €336,765 from the area baseline, adjusted for condition and location. Asking €590,000 sits €253,235 (42.9%) above — overpriced versus fair value.
Asking €590,000 versus the rua António Gonçalves Correia, 2 area baseline of €296,148 (€2,146/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 65 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua António Gonçalves Correia, 2
Area baseline €296,148 + condition +€15,741 + location +€24,876 = modelled fair value of €336,765 (€2,440/m²), a €253,235 (42.9%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Gonçalves Correia, 2 | Subject | €590,000 | €4,275 | — | 78 | 71 |
| Póvoa de Santa Iria e Forte da Casa · ba3f20 | Active | €349,900 | €3,534 | 17.3% | 80 | 75 |
| Póvoa de Santa Iria e Forte da Casa · 99f3b1 | Active | €419,800 | €4,240 | 0.8% | 76 | 74 |
| Póvoa de Santa Iria e Forte da Casa · 49b805 | Active | €425,000 | €4,048 | 5.3% | 75 | 69 |
| rua dos Lusíadas | Active | €339,000 | €3,809 | 10.9% | 80 | 75 |
| Median comp | €384,850 | €3,929 | 8.1% | 78 | 75 |
Long-term rental The property in Póvoa de Santa Iria e Forte da Casa is overpriced at €590,000, with a fair value of only €336,765, presenting a gap of 42.9%. The yield of 2.5% gross is considerably lower than desirable, diminishing its attractiveness for long-term rental investors. Family rental At a listing price of €590,000, this property exceeds its fair value by 42.9%, making it less appealing for family rental purposes. Despite the decent condition rating of 82/100, the high price does not align with the local demand, limiting the potential for sustainable family occupancy. Buy-and-hold This buy-and-hold strategy is challenged by the property being significantly overpriced at €590,000 compared to a fair value of €336,765. With a modest yield of only 2.5%, long-term capital appreciation is unlikely to compensate for the initial investment cost, making this acquisition less favorable for long-term holders.
Economic Dependence Risk The economic stability score of 75/100 suggests a reliance on certain industries, which may pose a risk if those sectors face downturns, impacting tenant retention at a score of 70/100.
