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 99 m², built in 1988, energy rating D. Located on rua Gaspar Correia, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features an L-shaped balcony with scenic views over the River Tejo, enhancing both outdoor living space and aesthetic appeal.
The valuation. The asking price of €342,500 sits €19,461 (5.7%) above the fair value of €323,039, indicating that the property is overpriced relative to market expectations. Buy-to-flip angle. A resale strategy would focus on enhancing the property’s appeal with minimal upgrades to capitalize on its current features and attractive location near Lisbon, allowing for a quick turnaround. Buy-to-let angle. With an estimated gross yield of 4.3% at approximately €1,227 per month, the rental income strategy targets long-term tenants seeking family-oriented accommodations in this suburban area.
Fair value modelled at €323,039 from the area baseline, adjusted for condition and location. Asking €342,500 sits €19,461 (5.7%) above — overpriced versus fair value.
Asking €342,500 versus the rua Gaspar Correia area baseline of €285,912 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 80 · Economic 85 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Gaspar Correia
Area baseline €285,912 + condition +€5,105 + location +€32,022 = modelled fair value of €323,039 (€3,263/m²), a €19,461 (5.7%) gap versus the €342,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gaspar Correia | Subject | €342,500 | €3,460 | — | 75 | 78 |
| Laranjeiro e Feijó · ac99df | Active | €287,000 | €3,086 | 10.8% | 74 | 74 |
| rua Vila do Seixal | Active | €315,000 | €3,500 | 1.2% | 74 | 76 |
| Laranjeiro e Feijó · 0902e7 | Active | €345,000 | €3,382 | 2.2% | 80 | 69 |
| praceta Alfredo Keil, 9 | Active | €395,000 | €3,950 | 14.2% | 72 | 82 |
| Median comp | €330,000 | €3,441 | 0.5% | 74 | 75 |
Long-term rental The property is priced at €342,500, representing a 5.7% gap above its fair value of €323,039. With a gross yield of 4.3%, the expected rental income may not justify the current purchase price, suggesting an unattractive long-term rental investment. Family rental This apartment's proximity to Lisbon and suburban environment support family living; however, its excessive listing price of €342,500 places it 5.7% above the fair value. As a result, potential tenants may perceive the rental costs as less appealing in comparison to other options. Buy-and-hold Although the location in Almada offers decent amenities and low crime rates, the property’s €342,500 listing price is above fair value by 5.7%. This valuation results in a higher entry point that could hinder capital appreciation for a buy-and-hold strategy in the long term.
Potential Tenant Turnover The tenant stability score of 75/100 indicates a moderate risk of turnover, potentially impacting consistent rental income as tenants may frequently change.
