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 78 m², built in 1947, energy rating D. Located on calçada da Ajuda, 135, Ajuda parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment boasts an attic space with potential for additional living area, alongside a beautifully restored masonry fireplace that enhances its charm and character.
The valuation. The asking price of €470,000 sits €133,114 (28.3%) above the fair value of €336,886, indicating that this property is overpriced. This substantial difference raises concerns for potential buyers and investors alike.
Fair value modelled at €336,886 from the area baseline, adjusted for condition and location. Asking €470,000 sits €133,114 (28.3%) above — overpriced versus fair value.
Asking €470,000 versus the calçada da Ajuda, 135 area baseline of €411,138 (€5,271/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
calçada da Ajuda, 135
Area baseline €411,138 + condition +€1,463 + location +€28,259 = modelled fair value of €336,886 (€4,319/m²), a €133,114 (28.3%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| calçada da Ajuda, 135 | Subject | €470,000 | €6,026 | — | 72 | 73 |
| rua Aliança Operária | Active | €379,500 | €6,024 | 0% | 80 | 74 |
| rua Maestro António Taborda, 32 | Active | €365,000 | €5,615 | 6.8% | 76 | 80 |
| rua Pedro Dias | Active | €395,000 | €5,985 | 0.7% | 80 | 80 |
| rua Carlos da Maia | Active | €560,000 | €6,588 | 9.3% | 78 | 83 |
| Median comp | €387,250 | €6,005 | 0.4% | 79 | 80 |
Long-term rental The 2-bed apartment in Ajuda is overpriced at €470,000, significantly above the fair value of €336,886, presenting a gap of 28.3%. With a gross yield of only 3.2%, this investment may struggle to meet long-term financial expectations. Family rental Although the apartment's condition is rated 76/100 and the neighborhood scores 73/100, the current asking price indicates that it is overpriced compared to its fair market value. Families may be deterred by the high price point, limiting the potential for a successful rental strategy. Buy-and-hold At this pricing level, the 2-bed unit in Ajuda may not be a sound buy-and-hold investment due to its valuation being 28.3% above fair value. Investors seeking appreciation potential should exercise caution, as the current pricing does not reflect a healthy entry point in this market.
Tenant turnover risk The tenant stability score of 60/100 indicates a potential for higher vacancy rates and turnover costs, affecting overall investment returns negatively.
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