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, 1-bathroom apartment of 132 m², built in 1962. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Unique Feature: The apartment includes an open balcony in the office bedroom, offering direct river views and an ideal space for relaxation or productivity amidst a vibrant urban setting.
The valuation. The asking price of €359,500 is significantly below the fair value of €420,693, suggesting the property is subvalued by €61,193 (17.0%). This creates an advantageous position for potential investors or buyers.
Fair value modelled at €420,693 from the area baseline, adjusted for condition and location. Asking €359,500 sits €61,193 (17.0%) below — the upside to fair value.
Asking €359,500 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €381,216 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 79/100 (Housing Market 80 · Amenities 75 · Economic 85 · 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 €381,216 + condition -€4,744 + location +€44,221 = modelled fair value of €420,693 (€3,187/m²), a €61,193 (17.0%) gap versus the €359,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 49b951 | Subject | €359,500 | €2,723 | — | 70 | 79 |
| praça Gil Vicente | Active | €340,000 | €2,764 | 1.5% | 68 | 74 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 6.0% | 80 | 78 |
| praça da Portela | Active | €429,000 | €2,648 | 2.8% | 70 | 75 |
| avenida Dom Nuno Álvares Pereira | Active | €420,000 | €2,625 | 3.6% | 65 | 71 |
| Median comp | €389,000 | €2,706 | 0.6% | 69 | 75 |
Long-term rental The property presents an attractive investment for long-term rental due to its fair value exceeding the listing price, creating a guaranteed margin upon acquisition. The 4% gross yield aligns well with market expectations in the area, backed by a neighborhood score of 79/100 indicating a strong demand for stable rental housing. Buy-and-hold Investing in this apartment is an excellent buy-and-hold strategy as it is currently subvalued compared to its fair market value, suggesting significant potential for future appreciation. Given the solid condition rating of 73/100 and the amenities available nearby, the investment looks promising for sustained value growth over time. Family rental With its spacious layout and family-friendly neighborhood characteristics, this property serves as an ideal candidate for family rentals, especially as it falls below the fair market value. The combination of a 79/100 neighborhood score and the close proximity to Lisbon adds considerable desirability for families seeking long-term accommodation options.
Tenant turnover risk: With a tenant stability score of 75/100, there is a potential risk of higher turnover rates, which can lead to increased vacancy periods and associated costs, impacting overall investment returns.
