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.
0-bedroom, 0-bathroom mix_use_building of 2600 m². Located on rua do Quelhas, Estrela parish, Lisbon municipality, Lisbon district. The property features meticulously preserved original architectural details, enhancing its historical essence while incorporating modern luxury amenities, including a private gym and cinema room.
The valuation. The asking price of €9,000,000 sits at 30.1% below the fair value of €11,710,546, indicating that the property is underpriced. This discrepancy presents a unique opportunity for value appreciation. Buy-to-flip angle. A strategic buy-and-flip approach could capitalize on the significant value gap, targeting resale to an investor or developer at a premium once local market conditions improve. Buy-to-let angle. By utilizing its prime Lisbon location, the property can generate strong rental income through long-term or short-term vacation rentals, despite currently having a gross yield of 0%.
Fair value modelled at €11,710,546 from the area baseline, adjusted for condition and location. Asking €9,000,000 sits €2,710,546 (30.1%) below — the upside to fair value.
Asking €9,000,000 versus the rua do Quelhas area baseline of €10,238,800 (€3,938/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 88/100 (Condition 85 · Materials 90 · Room dimensions 88). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 85 · Economic 90 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua do Quelhas
Area baseline €10,238,800 + condition +€325,000 + location +€1,146,746 = modelled fair value of €11,710,546 (€4,504/m²), a €2,710,546 (30.1%) gap versus the €9,000,000 asking price.
Long-term rental This property presents a compelling long-term rental strategy given the strong housing demand in a central Lisbon location, with potential for significant returns given the fair value of €11,710,546, indicating a gap of 30.1%. The area's high condition rating (88/100) and well-provisioned neighborhoods contribute positively to tenant appeal. Short-term vacation rental With Lisbon's vibrant tourism scene, this property is well-positioned for short-term vacation rentals, especially considering its central location and fair value gap. The good neighborhood ratings suggest that it can attract a variety of short-term guests seeking quality accommodations. Buy-and-hold The buy-and-hold strategy on this property is supported by its underpriced status relative to fair value and the area's robustness in terms of housing demand and economic indicators. The favorable condition score and neighborhood amenities strengthen long-term appreciation potential.
Tenant turnover risk Due to a tenant stability score of 75/100, there is a risk of higher tenant turnover, which could lead to increased vacancy rates and associated costs.
