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 1980, energy rating E. Located on rua Ramalho Ortigão, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: Offers a spacious 17 m² storage room and sweeping unobstructed views of the Tagus River and iconic Lisbon bridges, enhancing its appeal for both leisure and functionality.
The valuation. The asking price of €324,000 is significantly below the fair value of €387,301, indicating a discrepancy of €63,301 (19.5%). This property is considered underpriced, presenting a compelling opportunity for investors.
Fair value modelled at €387,301 from the area baseline, adjusted for condition and location. Asking €324,000 sits €63,301 (19.5%) below — the upside to fair value.
Asking €324,000 versus the rua Ramalho Ortigão area baseline of €425,692 (€3,433/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 70 · Materials 75 · Room dimensions 78). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Ramalho Ortigão
Area baseline €425,692 + condition -€2,325 + location +€31,514 = modelled fair value of €387,301 (€3,123/m²), a €63,301 (19.5%) gap versus the €324,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ramalho Ortigão | Subject | €324,000 | €2,613 | — | 70 | 72 |
| travessa da Liberdade | Active | €280,000 | €2,617 | 0.1% | 77 | 78 |
| rua da Boa Esperança | Active | €245,000 | €2,356 | 9.8% | 65 | 80 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 10.5% | 80 | 78 |
| praça da Portela | Active | €429,000 | €2,648 | 1.3% | 70 | 75 |
| Median comp | €319,000 | €2,633 | 0.7% | 74 | 78 |
Long-term rental This property presents a 4.4% gross yield and is priced at €324,000, which is 19.5% below its fair value of €387,301, indicating strong rental demand potential. With a solid condition rating of 74/100 and a suburban location close to Lisbon's amenities, it is well-positioned for steady long-term rental income. Buy-and-hold Acquiring this apartment at a price of €324,000, significantly below the fair value of €387,301, offers an attractive entry point for a buy-and-hold investment strategy. The robust local housing market and tenant quality, along with a desirable location, suggest long-term appreciation potential. Value-add renovation Taking into account the current condition rating of 74/100, a value-add renovation could enhance the property's appeal and rental income potential while leveraging the 19.5% gap to fair value. This strategy is well-suited for this apartment, positioning it for increased market value after improvements. Not ideal for luxurious market, short-term vacation rental, student housing Given the property’s condition and neighborhood ratings, it does not align with luxury market expectations nor does it cater well to short-term vacation rental or student housing demands. The suburban context, while offering solid rental opportunities, limits its suitability for these higher-risk segments.
Tenant turnover risk With a tenant stability score of 60/100, there is a heightened risk of frequent tenant turnover, which could lead to increased vacancy periods and costs associated with finding new tenants.
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