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 111 m², built in 1957, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment's terrace seamlessly blends indoor and outdoor living, providing an inviting space for relaxation and entertainment, while high-quality air conditioning ensures year-round comfort.
The valuation. The asking price of €387,000 exceeds the fair value of €365,106 by €21,894, representing a 5.7% premium. This indicates that the property is overpriced based on current market conditions.
Fair value modelled at €365,106 from the area baseline, adjusted for condition and location. Asking €387,000 sits €21,894 (5.7%) above — overpriced versus fair value.
Asking €387,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €320,568 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 76 · Materials 81 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 80/100 (Housing Market 80 · Amenities 85 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €320,568 + condition +€6,070 + location +€38,468 = modelled fair value of €365,106 (€3,289/m²), a €21,894 (5.7%) gap versus the €387,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 65a6c1 | Subject | €387,000 | €3,486 | — | 76 | 80 |
| rua João Villaret | Active | €290,000 | €3,295 | 5.5% | 74 | 78 |
| rua da Cooperativa Piedense, 97 | Active | €360,000 | €3,789 | 8.7% | 80 | 80 |
| Laranjeiro e Feijó · 65a868 | Active | €325,000 | €3,316 | 4.9% | 73 | 74 |
| Laranjeiro e Feijó · 0902e7 | Active | €345,000 | €3,382 | 3.0% | 80 | 69 |
| Median comp | €335,000 | €3,349 | 3.9% | 77 | 76 |
Long-term rental Given the property’s 3.3% gross yield, it represents a less-than-ideal investment due to the prevailing fair value gap of 5.7%. With a condition rating of 79/100 and a neighborhood score of 80/100, this property is unlikely to attract tenants at a rental rate that compensates for its current pricing. Family rental The apartment's layout and size are suitable for families; however, its price point is above fair value, suggesting that potential renters may seek better offers elsewhere. The neighborhood’s amenities and overall environment provide an attractive living experience, but the overpriced nature of the property limits its appeal as a family rental. Buy-and-hold While the location benefits from proximity to Lisbon and has a good neighborhood rating, the current price of €387,000 does not align with fair value assessments. Investing in this property as a long-term hold is questionable since it is overpriced, potentially leading to inadequate returns and diminished cash flow over time.
Decrease in Tenant Quality With a tenant stability score of 75/100, there is potential for higher turnover and difficulty in maintaining consistent rental income due to quality concerns in tenant selection.
