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 103 m², energy rating D. Located on praceta de Alvalade, 4, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Key Feature: This apartment offers a premium location just 200 meters from Ramalha metro station, providing direct access to Lisbon, enhancing convenience for commuting residents. Additional Insight: Enjoy a serene lifestyle with Parque da Paz nearby, perfect for outdoor leisure activities.
The valuation. The asking price of €372,500 exceeds fair value by €45,709 (12.3%), indicating that this property is overpriced. Given its valuation metrics, it may not be the best investment for immediate returns.
Fair value modelled at €326,791 from the area baseline, adjusted for condition and location. Asking €372,500 sits €45,709 (12.3%) above — overpriced versus fair value.
Asking €372,500 versus the praceta de Alvalade, 4 area baseline of €297,464 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 75 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
praceta de Alvalade, 4
Area baseline €297,464 + condition -€1,609 + location +€30,936 = modelled fair value of €326,791 (€3,173/m²), a €45,709 (12.3%) gap versus the €372,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta de Alvalade, 4 | Subject | €372,500 | €3,617 | — | 72 | 76 |
| rua Adriano Correia de Oliveira S / N | Active | €299,000 | €3,437 | 5.0% | 73 | 72 |
| Laranjeiro e Feijó · 937657 | Active | €385,000 | €4,278 | 18.3% | 75 | 80 |
| praceta Alfredo Keil, 9 | Active | €395,000 | €3,950 | 9.2% | 72 | 82 |
| rua Vila do Seixal | Active | €315,000 | €3,500 | 3.2% | 74 | 76 |
| Median comp | €350,000 | €3,725 | 3.0% | 74 | 78 |
Long-term rental The property in Almada is currently overpriced at €372,500, with a fair value of only €326,791, representing a 12.3% gap. Given the gross yield of 3.7% and moderate neighborhood ratings, it may struggle to attract long-term tenants economically. Buy-and-hold Investing in this 3-bed apartment is not ideal, as it is priced significantly above its fair value of €326,791, thus limiting potential capital appreciation. With condo conditions rated at 74/100 and a gross yield of 3.7%, holding on to this property may yield lower returns than expected in the long term. Family rental This apartment might appeal to families given its size and location, but at €372,500 it is overpriced against its fair value of €326,791. The neighborhood's strong amenities and reasonable tenant quality may not sufficiently compensate for the 12.3% premium on price, affecting overall desirability for family rentals.
Economic downturn risk: With an economic stability score of 80/100, there is still a potential risk that economic fluctuations could negatively affect tenant occupancy and rental income, especially given the tenant stability score of 75/100 which indicates some vulnerability in tenant retention.
