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 89 m², built in 1977, energy rating D. Located on praça Capitães de Abril, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Feature: This apartment boasts a state-of-the-art kitchen with Bluetooth-controlled appliances and a spacious layout that enhances both functionality and inspiration for culinary activities.
The valuation. The asking price of €395,000 is significantly above the fair value of €290,776, representing an overpricing of €104,224 (26.4%). This premium suggests buyers may need to negotiate aggressively. Buy-to-flip angle. A buy-to-flip strategy would require identifying a profitable renovation approach given the current high-cost entry point, focusing on quick updates to leverage the upscale condition of the property. Buy-to-let angle. With an estimated gross yield of 3.3% from a monthly rental income of ~€1,086, the property could serve well for long-term tenants seeking family accommodations near Lisbon.
Fair value modelled at €290,776 from the area baseline, adjusted for condition and location. Asking €395,000 sits €104,224 (26.4%) above — overpriced versus fair value.
Asking €395,000 versus the praça Capitães de Abril area baseline of €257,032 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 82 · Materials 88 · Room dimensions 84). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praça Capitães de Abril
Area baseline €257,032 + condition +€11,125 + location +€22,619 = modelled fair value of €290,776 (€3,267/m²), a €104,224 (26.4%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Capitães de Abril | Subject | €395,000 | €4,438 | — | 82 | 72 |
| Corroios · 25f736 | Active | €320,000 | €2,909 | 34.5% | 85 | 76 |
| Corroios · b45351 | Active | €280,000 | €3,333 | 24.9% | 80 | 76 |
| rua Alves Redol Nr, 5, 5 | Active | €285,000 | €3,000 | 32.4% | 75 | 76 |
| rua Cidade de Tete | Active | €295,000 | €2,810 | 36.7% | 73 | 81 |
| Median comp | €290,000 | €2,955 | 33.4% | 78 | 76 |
Long-term rental The property in Almada, Cova da Piedade is currently overpriced at €395,000, with a fair value of €290,776, indicating a significant 26.4% gap. With a gross yield of 3.3%, the investment may not provide sufficient returns over the long term, especially given the elevated initial cost. Family rental While the property’s condition is rated 85/100 and is situated in a safe neighborhood, the high listing price suggests it does not align with market expectations for family rentals. The appealing suburban amenities are overshadowed by the fact that the property is overpriced, which may deter potential renters. Buy-and-hold Acquiring this property as a buy-and-hold strategy may not be advisable, as the fair value gap of 26.4% reveals that it is overpriced at €395,000. Even with decent neighborhood ratings, the investment is unlikely to yield favorable returns in the long run due to its current valuation. Not ideal for The property is not suitable for student housing or the luxury market, as its pricing exceeds fair market value, limiting its attractiveness to these segments. The local economic and housing conditions suggest a preference for more competitively priced offerings in these categories.
Potential Economic Decline With an economic stability score of 70/100, there is a risk of downturns affecting property values and tenant retention in the area, which could lead to financial loss.
