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, 1-bathroom apartment of 105 m², built in 1988, energy rating D. Located on rua José Carlos de Melo, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment offers a rare 35 m² private garden, creating a unique outdoor retreat in a bustling urban environment, enhancing the property's appeal for potential renters.
The valuation. The asking price of €230,000 sits €58,382 below fair value, representing a 25.4% discount. This property is subvalued and presents an attractive opportunity for potential buyers looking to capitalize on equity gains.
Fair value modelled at €288,382 from the area baseline, adjusted for condition and location. Asking €230,000 sits €58,382 (25.4%) below — the upside to fair value.
Asking €230,000 versus the rua José Carlos de Melo area baseline of €303,240 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 (Condition 45 · Materials 50 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 70 · Amenities 75 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua José Carlos de Melo
Area baseline €303,240 + condition -€43,969 + location +€29,111 = modelled fair value of €288,382 (€2,746/m²), a €58,382 (25.4%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Carlos de Melo | Subject | €230,000 | €2,190 | — | 45 | 74 |
| rua Alves Redol, 72 | Active | €280,000 | €2,772 | 26.6% | 52 | 75 |
| Caparica e Trafaria · 1e62c2 | Active | €149,900 | €2,630 | 20.1% | 45 | 74 |
| rua Elias Garcia, 37 | Active | €265,000 | €4,077 | 86.1% | 45 | 78 |
| rua Doutor António Elvas, 97 | Active | €240,000 | €2,500 | 14.1% | 62 | 72 |
| Median comp | €252,500 | €2,701 | 23.3% | 49 | 75 |
Long-term rental The property in Laranjeiro e Feijó, priced at €230,000, is currently subvalued by 25.4% compared to its fair value of €288,382, presenting a strong opportunity for long-term rental. With a gross yield of 4.6% and a neighbourhood rating of 74/100, this apartment promises reliable rental income alongside potential appreciation over time. Buy-and-hold Investing in this 2-bed apartment offers a compelling buy-and-hold strategy, given its significant gap from fair value, indicating room for future equity growth. The favorable conditions in the Almada area, alongside suburban safety and essential amenities, provide a solid foundation for long-term appreciation. Family rental This property is well-suited for family rental due to its size, location advantages, and the positive neighbourhood rating of 74/100. Priced below fair value, it offers families a relatively affordable option near Lisbon, ensuring a steady demand from tenants seeking stable, suburban living. Not ideal for: The property's condition rating of 48/100 makes it less suitable for short-term vacation rentals or luxury markets, where high standards are essential. Additionally, the location’s specifics may not attract students, who typically favor vibrant city centers with close access to universities.
Economic Vulnerability The economic stability score of 75 out of 100 suggests a moderate risk of economic downturn that could impact rental income and property value.
