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 136 m², built in 2003, energy rating D. Located on rua da Eira, 16, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy Features: The unit boasts unobstructed views of Monsanto and the Tagus River from the spacious 5th floor, enhancing natural light and offering significant privacy due to its location. Condition Notes: The property is in good condition with quality finishes and spacious, well-sized rooms. Overall, there are minimal signs of wear, and key areas have been maintained well.
The valuation. The asking price of €840,000 is significantly above the fair value of €693,282, resulting in an excess of €146,718 or 17.5%. This property is considered overpriced. Buy-to-flip angle. With a potential renovation strategy, targeting buyers looking for premium finishes could yield a profitable resale within a competitive market. The aim would be to secure a quicker sale at a higher price point than the acquisition cost. Buy-to-let angle. The estimated rental income of approximately €1,680 per month, yielding 2.4%, makes this property appealing for long-term rental strategies. Its location near Lisbon bolsters consistent tenant demand, particularly from families.
Fair value modelled at €693,282 from the area baseline, adjusted for condition and location. Asking €840,000 sits €146,718 (17.5%) above — overpriced versus fair value.
Asking €840,000 versus the rua da Eira, 16 area baseline of €614,448 (€4,518/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 78 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 79/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
rua da Eira, 16
Area baseline €614,448 + condition -€1,700 + location +€72,238 = modelled fair value of €693,282 (€5,098/m²), a €146,718 (17.5%) gap versus the €840,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Eira, 16 | Subject | €840,000 | €6,176 | — | 72 | 79 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 25f8f6 | Active | €830,000 | €5,929 | 4.0% | 75 | 72 |
| rua Amélia Rey Colaço, 42 | Active | €540,000 | €5,192 | 15.9% | 76 | 76 |
| Carnaxide e Queijas · 99f4f6 | Active | €580,000 | €4,793 | 22.4% | 75 | 80 |
| Algés, Linda-a-Velha e Cruz Quebrada-Dafundo · 001966 | Active | €648,000 | €4,596 | 25.6% | 65 | 74 |
| Median comp | €614,000 | €4,993 | 19.2% | 75 | 75 |
Long-term rental The 3-bed apartment in Algés is currently overpriced at €840,000, with a fair value of €693,282, indicating a significant 17.5% gap from fair pricing. With a gross yield of only 2.4%, investor returns may not justify the elevated entry price in a competitive rental market. Family rental This property, priced at €840,000, does not align with fair market values, as the fair valuation stands at €693,282, showcasing a 17.5% disparity. Families looking for rental options will likely find better value elsewhere, given the low gross yield of 2.4%. Buy-and-hold While the location near Lisbon holds promise, the apartment's price of €840,000 exceeds its fair value of €693,282, representing a troubling 17.5% markup. The limited gross yield of 2.4% suggests that holding this property as an investment may not yield adequate returns compared to its market price.
Economic downturn risk A potential economic downturn could affect both economic and tenant stability scores of 80/100, leading to increased vacancy rates or rent decreases.
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