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.
2-bedroom, 1-bathroom apartment of 77 m², built in 1992. Located on rua Galileu Saúde Correia, 21, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment features a closed balcony for added living space and built-in wardrobes in both bedrooms, optimizing storage in this central location of Almada.
The valuation. The asking price of €330,000 is significantly above the fair value of €236,866, resulting in an overvaluation of €93,134 (28.2%). This assessment highlights the property's overpriced status in the current market.
Fair value modelled at €236,866 from the area baseline, adjusted for condition and location. Asking €330,000 sits €93,134 (28.2%) above — overpriced versus fair value.
Asking €330,000 versus the rua Galileu Saúde Correia, 21 area baseline of €222,376 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 68 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 75 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Galileu Saúde Correia, 21
Area baseline €222,376 + condition -€6,858 + location +€21,348 = modelled fair value of €236,866 (€3,076/m²), a €93,134 (28.2%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Galileu Saúde Correia, 21 | Subject | €330,000 | €4,286 | — | 68 | 74 |
| rua dos Eucaliptos S / N | Active | €235,000 | €3,790 | 11.6% | 72 | 70 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 38acda | Active | €245,000 | €2,988 | 30.3% | 70 | 80 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 25f513 | Active | €250,000 | €3,676 | 14.2% | 75 | 73 |
| avenida Dom Nuno Álvares Pereira, 56 | Active | €285,000 | €3,851 | 10.1% | 60 | 73 |
| Median comp | €247,500 | €3,733 | 12.9% | 71 | 73 |
Long-term rental The property is overpriced by 28.2% compared to its fair value of €236,866, which may limit investment returns. With a gross yield of only 3.3%, the financial dynamics do not support a solid long-term rental investment in this case. Family rental At an asking price of €330,000, this property is not positioned for an attractive family rental opportunity given its 28.2% gap from fair value. The current yield of 3.3% further suggests that families may find more appealing options elsewhere in the market. Buy-and-hold Acquiring this property at a listing price significantly above its fair value can potentially lead to a lackluster buy-and-hold investment strategy. With the market conditions suggesting a gross yield of only 3.3%, the long-term appreciation prospects appear limited in this scenario.
Market Vulnerability The combined economic stability and tenant stability scores of 70/100 indicate potential vulnerabilities in the market, which could lead to higher vacancy rates or rent fluctuations.
