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 penthouse of 129 m², built in 2007, energy rating C. Located on rua Mealha, Alcabideche parish, Cascais municipality, Lisbon district. This penthouse features an expansive terrace and balcony that enhance outdoor living, along with built-in wardrobes in all bedrooms for maximized storage efficiency.
The valuation. The asking price of €695,000 is significantly above the fair value of €527,195, resulting in an overpriced status of €167,805 (24.1%). This discrepancy reflects a need for careful consideration by potential buyers.
Fair value modelled at €527,195 from the area baseline, adjusted for condition and location. Asking €695,000 sits €167,805 (24.1%) above — overpriced versus fair value.
Asking €695,000 versus the rua Mealha area baseline of €478,719 (€3,711/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 78 · Amenities 70 · Economic 75 · Tenant Quality 68). Strong amenities and housing-market momentum support a premium to baseline.
rua Mealha
Area baseline €478,719 + condition +€8,264 + location +€40,212 = modelled fair value of €527,195 (€4,087/m²), a €167,805 (24.1%) gap versus the €695,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mealha | Subject | €695,000 | €5,388 | — | 75 | 71 |
| rua Zêzere | Active | €700,000 | €5,000 | 7.2% | 87 | 72 |
| rua Mealha | Active | €600,000 | €6,452 | 19.7% | 75 | 72 |
| Carcavelos e Parede · 0dce33 | Active | €479,000 | €5,988 | 11.1% | 78 | 74 |
| rua dos Celões, 63 | Active | €529,000 | €6,011 | 11.6% | 80 | 69 |
| Median comp | €564,500 | €6,000 | 11.4% | 79 | 72 |
Long-term rental The property is overpriced by 24.1% compared to its fair value of €527,195, limiting the potential for long-term rental returns. With a gross yield of 4%, the investment may struggle to attract reliable tenants given the rental comparables in the area. Family rental While the property is identified within a safe neighborhood, its 24.1% premium over fair value means it may not appeal as a competitive family rental option. Families typically seek value, and the high price tag could push potential renters towards more reasonably priced alternatives. Buy-and-hold At €695,000, the property is priced 24.1% above its fair value, which diminishes the attractiveness of a buy-and-hold strategy. Long-term appreciation may not suffice to justify the initial overpayment, impacting overall returns on investment.
Economic Vulnerability The property could be susceptible to economic downturns, given the economic stability score of 75/100 and tenant stability score of 68/100 which indicates potential challenges in maintaining occupancy rates.
