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, 2-bathroom apartment of 93 m², built in 2007. Located on rua Mealha, Alcabideche parish, Cascais municipality, Lisbon district. Noteworthy Features: The apartment's unique mezzanine design enhances the living space while providing versatile usage options, complemented by two generous terraces for outdoor enjoyment and socializing.
The valuation. The asking price of €600,000 sits €219,711 above the fair value of €380,289, marking it as overpriced by 36.6%. Such a significant discrepancy indicates that the apartment may not be a wise investment at this price point.
Fair value modelled at €380,289 from the area baseline, adjusted for condition and location. Asking €600,000 sits €219,711 (36.6%) above — overpriced versus fair value.
Asking €600,000 versus the rua Mealha area baseline of €397,482 (€4,274/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Mealha
Area baseline €397,482 + condition +€4,795 + location +€30,371 = modelled fair value of €380,289 (€4,089/m²), a €219,711 (36.6%) gap versus the €600,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mealha | Subject | €600,000 | €6,452 | — | 75 | 72 |
| rua dos Celões, 63 | Active | €529,000 | €6,011 | 6.8% | 80 | 69 |
| rua Mealha | Active | €695,000 | €5,388 | 16.5% | 75 | 71 |
| Carcavelos e Parede · 0dce33 | Active | €479,000 | €5,988 | 7.2% | 78 | 74 |
| Santa Maria e São Miguel, São Martinho e São Pedro de Penaferrim · 38b8ec | Active | €305,000 | €2,961 | 54.1% | 72 | 72 |
| Median comp | €504,000 | €5,688 | 11.8% | 77 | 72 |
Long-term rental Given the substantial gap of 36.6% between the listing price of €600,000 and the fair value of €380,289, this property is not a sound investment for long-term rental. The current gross yield of 3.1% is unappealing, especially considering that the property is overpriced. Family rental Despite the appealing proximity to Lisbon, the property’s condition rating of 78/100 and neighborhood rating of 72/100 do not justify the overpriced listing of €600,000. Families seeking rental options may be discouraged by the inadequate yield and the excessive gap from fair value.
Economic Vulnerability The property's economic stability score of 70/100 indicates potential for downturns, which may affect tenant retention and revenue.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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