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, 1-bathroom apartment of 104 m², built in 2026, energy rating B. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property includes a private yard, enhancing outdoor living space and providing a peaceful retreat amidst the city’s conveniences. Condition Notes: High-quality finishes and modern appliances make it very appealing.
The valuation. The asking price of €465,000 sits €120,678 (26.0%) above the fair value of €344,322, indicating the property is overpriced. This discrepancy suggests a lack of financial justification for this asking price in the current market.
Fair value modelled at €344,322 from the area baseline, adjusted for condition and location. Asking €465,000 sits €120,678 (26.0%) above — overpriced versus fair value.
Asking €465,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €300,352 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 82/100 (Housing Market 80 · Amenities 85 · Economic 85 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €300,352 + condition +€5,525 + location +€38,445 = modelled fair value of €344,322 (€3,311/m²), a €120,678 (26.0%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 65a6f1 | Subject | €465,000 | €4,471 | — | 75 | 82 |
| Laranjeiro e Feijó · 90d8b6 | Active | €800,000 | €11,765 | 163.1% | 80 | 74 |
| Corroios · 937455 | Active | €210,000 | €2,692 | 39.8% | 65 | 77 |
| avenida Luís de Camões, 41 | Active | €199,000 | €4,422 | 1.1% | 75 | 69 |
| Corroios · 49b846 | Active | €459,000 | €3,210 | 28.2% | 73 | 76 |
| Median comp | €334,500 | €3,816 | 14.7% | 74 | 75 |
Long-term rental This property is overpriced by 26.0% relative to its fair value, which significantly reduces the potential return on a long-term rental investment. With a gross yield of 0%, this strategy is likely to underperform compared to more reasonably priced options. Family rental Given the current pricing, this property does not provide the financial upside necessary for a successful family rental strategy. The 26.0% gap from fair value indicates that potential investors may face challenges in achieving a satisfactory rental yield. Buy-and-hold As an investment for a buy-and-hold strategy, this property does not offer favorable conditions due to its significant overpricing. The lack of yield and the gap versus fair value suggest that stakeholders would likely be better positioned elsewhere. Not ideal for: Short-term rental This property’s high price does not align with the typical cash flow opportunities desirable for short-term rentals. Given its current market valuation, pursuing a short-term rental strategy may lead to substantial financial strain or loss.
Market Vulnerability The property may face economic downturn risks given its relatively high economic stability score of 85/100, which suggests that local market conditions could change significantly. Tenant Instability With a tenant stability score of 80/100, there exists a moderate risk of turnover that could impact rental income stability.
