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 apartment of 99 m², built in 1989, energy rating C. Located on praceta de Ricardo Jorge, 5, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Note: The apartment features a generous balcony accessible from the living room and one bedroom, perfect for outdoor relaxation and entertaining. Condition: Modern finishes with high-quality details throughout.
The valuation. The asking price of €385,000 exceeds the fair value of €325,331 by €59,669, representing a 15.5% premium. This property is therefore considered overpriced.
Fair value modelled at €325,331 from the area baseline, adjusted for condition and location. Asking €385,000 sits €59,669 (15.5%) above — overpriced versus fair value.
Asking €385,000 versus the praceta de Ricardo Jorge, 5 area baseline of €342,837 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 84 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praceta de Ricardo Jorge, 5
Area baseline €342,837 + condition +€10,828 + location +€28,591 = modelled fair value of €325,331 (€3,286/m²), a €59,669 (15.5%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta de Ricardo Jorge, 5 | Subject | €385,000 | €3,889 | — | 80 | 75 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4a7cb8 | Active | €365,000 | €3,802 | 2.2% | 72 | 80 |
| Laranjeiro e Feijó · 1e60ec | Active | €310,000 | €3,563 | 8.4% | 78 | 74 |
| praceta Bento Moura | Active | €349,000 | €4,309 | 10.8% | 80 | 76 |
| rua Dom Manuel I, 16 | Active | €315,000 | €3,247 | 16.5% | 75 | 77 |
| Median comp | €332,000 | €3,683 | 5.3% | 77 | 77 |
Long-term rental While the gross yield of 3.3% may appeal to some investors, the property's price of €385,000 exceeds the fair value of €325,331 by 15.5%, indicating it is overpriced. Given its suburban location in Almada, securing long-term tenants may be challenging due to price competition and tenant quality concerns. Value-add renovation Investing in value-added renovations may not yield sufficient returns, as the current listing price is significantly above the fair value, positioning the property as overpriced. With a condition score of 82/100, while improvements may enhance rental revenue, the initial cost is not justified by potential future gains. Family rental As a family rental, the apartment could attract interest, but the current asking price reflects an overvaluation at €385,000 compared to the fair value of €325,331. Families may prioritize affordability when searching in the Greater Lisbon suburban market, limiting demand for this overpriced unit. Short-term vacation rental This property, priced at €385,000, is unsuitable for short-term vacation rental given its current overpricing; the fair value stands at €325,331. The suburban location and yield of only 3.3% do not support the higher returns typically sought in the vacation rental market. Luxury market Positioned at €385,000, this apartment does not meet the criteria for the luxury market as it is overpriced comparing to its fair value of €325,331. The neighborhood’s average ratings only confirm that the property lacks the unique features typically desired in higher-end listings.
Tenant turnover risk The tenant stability score of 70 suggests a moderate risk of turnover, which can lead to increased vacancy rates and associated costs.
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