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 175 m², energy rating A. Located on rua Dom Francisco Manuel de Melo, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment boasts a wide terrace for outdoor relaxation and a fully renovated interior with modern finishes, ensuring both comfort and style in a vibrant location.
The valuation. The asking price of €390,000 is above the fair value of €350,862 by €39,138, or 10.0%. This indicates that the property is overpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy may not be ideal due to the property's overpriced status, potentially limiting profitability upon resale. Investors should consider thorough market analysis before committing. Buy-to-let angle. The rental income strategy offers a gross yield of 3.6% based on an estimated monthly rent of €1,170. This could attract long-term tenants in the suburban area, benefiting from proximity to amenities and jobs.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Francisco Manuel de Melo | Subject | €390,000 | €2,229 | — | — | 75 |
| rua Afonso Galo | Active | €360,000 | €2,857 | 28.2% | — | 74 |
| rua dos Eucaliptos, 30 | Active | €200,000 | €3,333 | 49.6% | 68 | 76 |
| rua José Alves da Cunha | Active | €180,000 | €2,903 | 30.3% | 73 | 74 |
| rua Armando Cortesão | Active | €284,000 | €3,087 | 38.5% | 78 | 74 |
| Median comp | €242,000 | €2,995 | 34.4% | 73 | 74 |
Long-term rental The property’s current listing of €390,000 is 10.0% above its fair value of €350,862, indicating that it is overpriced for long-term rental investments. With a gross yield of only 3.6%, the potential returns may not justify the elevated purchase price in the current market. Family rental As a family rental option, this property may be appealing due to its spacious 175m² layout and proximity to amenities; however, it remains overpriced at €390,000 against a fair value of €350,862. This pricing diminishes the attractiveness of the investment, particularly given the modest yield of 3.6%. Buy-and-hold While the property offers a good location in the suburban area of Lisbon, its price of €390,000 exceeds the fair value of €350,862, categorizing it as overpriced for a buy-and-hold strategy. The 3.6% gross yield further complicates the investment case, suggesting limited profitability over the long term.
Tenant turnover risk A tenant stability score of 70/100 suggests a moderate risk of turnover that could lead to increased vacancy rates and potential income loss.
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Apartment in Almada, Cova da Piedade, Pragal e Cacilhas
€390,000
2 bedrooms · 175 m²
Property valuation: Not assessed
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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