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.
4-bedroom, 2-bathroom apartment of 162 m², built in 1973, energy rating D. Located on praça da Portela, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a spacious outdoor balcony with direct access and is located just 5 minutes from the prominent 25 de Abril Bridge, enhancing its connectivity.
The valuation. The asking price of €429,000 is well below the fair value of €499,960, representing a notable discount of €70,960 (16.5%). This valuation suggests a unique opportunity in the market. Buy-to-flip angle. The property can be quickly renovated to enhance its appeal and subsequently resold at a profit, capitalizing on the suburban area's strong economic ties to Lisbon. Buy-to-let angle. With an estimated gross yield of 2.6%, or €930 per month, this apartment offers potential for stable, long-term rental income, targeting families seeking residence near Lisbon.
Fair value modelled at €499,960 from the area baseline, adjusted for condition and location. Asking €429,000 sits €70,960 (16.5%) below — the upside to fair value.
Asking €429,000 versus the praça da Portela area baseline of €467,856 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 68 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praça da Portela
Area baseline €467,856 + condition -€14,681 + location +€46,786 = modelled fair value of €499,960 (€3,086/m²), a €70,960 (16.5%) gap versus the €429,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da Portela | Subject | €429,000 | €2,648 | — | 70 | 75 |
| rua da Boa Esperança | Active | €245,000 | €2,356 | 11.0% | 65 | 80 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Active | €395,000 | €2,026 | 23.5% | 75 | 80 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 49b951 | Active | €359,500 | €2,723 | 2.8% | 70 | 79 |
| rua Ramalho Ortigão | Active | €324,000 | €2,613 | 1.3% | 70 | 72 |
| Median comp | €341,750 | €2,485 | 6.2% | 70 | 80 |
Long-term rental The 4-bed apartment in Laranjeiro e Feijó presents an attractive long-term rental opportunity due to its proximity to Lisbon and a fair value of €499,960, reflecting a 16.5% gap compared to the listing price of €429,000. With a decent tenant quality and a gross yield of 2.6%, the property is well-positioned to generate stable rental income. Family rental Given the size of the apartment and its location near Lisbon, it is ideal for family rentals which are in demand in suburban areas. The community's amenities and quality contribute to its suitability, making it more appealing for long-term family tenants. Buy-and-hold As the property is listed at €429,000 while the fair market value is €499,960, this buy-and-hold strategy shows potential for capital appreciation over time due to the strong economic ties to Lisbon's job market. The stable neighbourhood dynamics further support the long-term investment viability of the apartment.
Tenant turnover risk With a tenant stability score of 70/100, there's a moderate risk of increased turnover, which could lead to vacancy periods and associated costs.
