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, 2-bathroom apartment of 98 m², built in 1991, energy rating C. Located on rua Carolina Michaelis, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. This apartment features a modern equipped kitchen and is conveniently located near public transport links and local amenities, ensuring both comfort and accessibility for family living.
The valuation. The asking price of €349,000 sits €45,784 (13.1%) above the fair value of €303,216, indicating the property is overpriced. This discrepancy suggests careful consideration is needed before pursuing any offer.
Fair value modelled at €303,216 from the area baseline, adjusted for condition and location. Asking €349,000 sits €45,784 (13.1%) above — overpriced versus fair value.
Asking €349,000 versus the rua Carolina Michaelis area baseline of €283,024 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 75 · Materials 80 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua Carolina Michaelis
Area baseline €283,024 + condition -€2,450 + location +€22,642 = modelled fair value of €303,216 (€3,094/m²), a €45,784 (13.1%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carolina Michaelis | Subject | €349,000 | €3,561 | — | 75 | 70 |
| parque da Paz | Active | €335,000 | €3,045 | 14.5% | 75 | 72 |
| rua Rainha D. Leonor | Active | €369,000 | €3,765 | 5.7% | 75 | 75 |
| rua de Alcaniça | Active | €355,000 | €3,586 | 0.7% | 70 | 74 |
| avenida Dom Nuno Álvares Pereira | Active | €320,000 | €3,232 | 9.2% | 73 | 75 |
| Median comp | €345,000 | €3,409 | 4.3% | 74 | 75 |
Long-term rental The property is overpriced with a listing price of €349,000, compared to a fair value of €303,216, reflecting a gap of 13.1%. The gross yield of 3.8% suggests that investors may find ongoing expenses and maintenance challenging relative to potential rental income. Family rental The apartment, while spacious, is not an ideal family rental option due to its overpriced status and a fair value gap of 13.1%. With neighborhood ratings of only 70/100, it may not attract family tenants seeking higher quality living conditions. Buy-and-hold Despite its potential, the current price of €349,000 indicates the property is overpriced, making it less appealing for investors looking to hold long-term. The 73/100 condition rating may not justify the investment when balanced against the fair value estimate. Not ideal for Short-term vacation rental The property is overpriced, restricting its viability as a short-term vacation rental investment. Potential returns will not meet the expectations of short-term tenants in a competitive market. Not ideal for Luxury market The listing price of €349,000 places the property in the overpriced range, making it unsuitable for luxury market standards. This segment requires distinctive features and premium conditions which this apartment does not possess.
Tenant turnover risk With a tenant stability score of 55/100, there is a heightened risk of frequent tenant turnover, which can lead to increased vacancy rates and additional leasing costs.
