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 189 m², built in 2008, energy rating C. Located on rua Henrique Mendes, São Domingos de Rana parish, Cascais municipality, Lisbon district. Noteworthy Features: This apartment boasts an extensive basement storage room and a closed garage with capacity for three vehicles, a rare find in the area. Distance to Beach: 10 m.
The valuation. The asking price of €580,000 sits €184,134 (31.7%) below the fair value of €764,134, indicating the property is underpriced. This presents a compelling opportunity for investors seeking value. Buy-to-flip angle. A resale strategy capitalizing on the current underpricing could yield significant profit if executed after minor renovations to enhance appeal and market value. Targeting a higher market price after improvements is key to maximizing gains. Buy-to-let angle. With an estimated gross yield of 4.1%, equating to roughly €1,982 monthly, the property presents a stable rental income stream. Long-term rental strategies can further exploit its desirable location near employment hubs and quality schools.
Fair value modelled at €764,134 from the area baseline, adjusted for condition and location. Asking €580,000 sits €184,134 (31.7%) below — the upside to fair value.
Asking €580,000 versus the rua Henrique Mendes area baseline of €757,323 (€4,007/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 70 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Henrique Mendes
Area baseline €757,323 + condition +€3,839 + location +€58,916 = modelled fair value of €764,134 (€4,043/m²), a €184,134 (31.7%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Henrique Mendes | Subject | €580,000 | €3,069 | — | 75 | 71 |
| rua Garcia de Resende S / N | Active | €490,000 | €3,920 | 27.7% | 70 | 74 |
| urbanização Polima | Active | €499,000 | €3,780 | 23.2% | 74 | 68 |
| rua de Santa Clara, 149 | Active | €490,000 | €4,083 | 33.1% | 75 | 71 |
| rua das Amoras S / N | Active | €735,000 | €4,375 | 42.6% | 72 | 73 |
| Median comp | €494,500 | €4,002 | 30.4% | 73 | 72 |
Long-term rental This property, listed at €580,000, is significantly underpriced compared to its fair value of €764,134, presenting a compelling opportunity for long-term rental investment with a gross yield of 4.1%. Located in a suburban area near employment hubs and with decent local amenities, it is likely to attract stable, long-term tenants. Buy-and-hold Given its current listing price, the property offers an attractive entry point for a buy-and-hold strategy, capitalizing on the 31.7% gap to fair value of €764,134. With a good condition score of 76/100 and solid tenant quality in the neighbourhood, this investment is well-positioned for appreciation over time. Value-add renovation The potential for value-add renovation is significant, as the apartment’s fair value of €764,134 suggests room for enhancement that can further increase its market position. Investing in improvements can lead to both enhanced rental income and a significant uptick in overall property value, making it an appealing strategy. Not ideal for luxury market While the property boasts good features, it is not suitable for the luxury market, limiting its appeal to buyers seeking high-end investments in Cascais. Consequently, it should be marketed considering its strong potential in the suburban segment rather than targeting affluent luxury buyers. Not ideal for short-term vacation rental The apartment is not suited for short-term vacation rentals, which can limit flexibility in rental strategies and yield potential. Given its location and characteristics, the property fits better into long-term rental frameworks rather than transient vacation stays.
Tenant turnover risk The tenant stability score of 65/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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