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 85 m², built in 1969, energy rating D. Located on rua Gaspar Correia, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy features: The apartment boasts a prime location just steps from Praça São João Batista and a variety of local amenities, enhancing both convenience and lifestyle options.
The valuation. The asking price of €265,000 sits €4,188 (1.6%) above the fair value of €260,812, indicating that the property is overpriced. This places it outside a reasonable investment range for potential buyers.
Fair value modelled at €260,812 from the area baseline, adjusted for condition and location. Asking €265,000 sits €4,188 (1.6%) above — overpriced versus fair value.
Asking €265,000 versus the rua Gaspar Correia area baseline of €245,480 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 65 · Materials 72 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 70 · Amenities 80 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Gaspar Correia
Area baseline €245,480 + condition -€8,234 + location +€23,566 = modelled fair value of €260,812 (€3,068/m²), a €4,188 (1.6%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gaspar Correia | Subject | €265,000 | €3,118 | — | 65 | 74 |
| rua Afonso de Paiva | Active | €298,000 | €3,010 | 3.4% | 65 | 74 |
| rua Afonso de Paiva, 1 | Active | €299,000 | €3,691 | 18.4% | 65 | 73 |
| Caparica e Trafaria · 4b9170 | Active | €275,000 | €3,438 | 10.3% | 70 | 81 |
| rua Bento de Jesus Caraça, 51 | Active | €265,000 | €3,232 | 3.7% | 75 | 76 |
| Median comp | €286,500 | €3,335 | 7.0% | 68 | 75 |
Buy-and-hold The property is currently listed at €265,000, which reflects a 1.6% premium over its fair value of €260,812. While the gross yield of 4.7% may seem appealing, the property's overpriced status could limit long-term appreciation potential in a competitive market. Family rental At a listing price of €265,000, the apartment exceeds fair market value, making it a less attractive option for families seeking affordable housing. The current condition rating of 69/100 suggests minor improvements might be needed, which could deter potential tenants looking for a move-in ready unit. Long-term rental While the apartment offers a decent gross yield of 4.7%, the asking price of €265,000 is above the fair market value of €260,812, indicating it is overpriced. This factor may lessen the appeal for long-term renters who are price-sensitive, especially when competing properties may offer better value. Not ideal for: Luxury market, Short-term vacation rental
Tenant turnover risk The tenant stability score of 65/100 suggests a higher likelihood of turnover, which could lead to increased vacancy rates and associated costs.
