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 92 m², energy rating B. Located on rua Armando Cortesão, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment boasts excellent solar exposure with dual-facing balconies, enhancing both natural light and outdoor space for relaxation or gardening. Additional Amenities: Storage unit in the basement.
The valuation. The asking price of €284,000 is €17,265 (6.1%) below the fair value of €301,265, positioning this property as subpriced in the current market. It offers a favorable opportunity for astute investors. Buy-to-flip angle. A buy-and-flip strategy could capitalize on the property’s high-quality finishes, modern decor, and desirable location, enhancing its resale potential and attracting buyers looking for move-in ready options. Buy-to-let angle. With an estimated gross yield of 4.1% and a monthly rental income of around €970, the property stands as an attractive option for long-term rental strategies, appealing to families drawn to the Almada area.
Fair value modelled at €301,265 from the area baseline, adjusted for condition and location. Asking €284,000 sits €17,265 (6.1%) below — the upside to fair value.
Asking €284,000 versus the rua Armando Cortesão area baseline of €318,596 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 76 · Amenities 70 · Economic 72 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Armando Cortesão
Area baseline €318,596 + condition +€10,063 + location +€25,507 = modelled fair value of €301,265 (€3,275/m²), a €17,265 (6.1%) gap versus the €284,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Armando Cortesão | Subject | €284,000 | €3,087 | — | 78 | 74 |
| rua da Liberdade, 8 | Active | €297,000 | €3,300 | 6.9% | 75 | 69 |
| rua General Humberto Delgado, 11 | Active | €359,900 | €3,272 | 6.0% | 77 | 72 |
| rua José Alves da Cunha | Active | €180,000 | €2,903 | 6.0% | 73 | 74 |
| rua dos Eucaliptos, 30 | Active | €200,000 | €3,333 | 8.0% | 68 | 76 |
| Median comp | €248,500 | €3,286 | 6.4% | 74 | 73 |
Long-term rental The property presents a favorable long-term rental opportunity, given its gross yield of 4.1%, which aligns with the strong demand seen in the Almada area. With a fair value of €301,265 and a listing price of €284,000, this investment is positioned as subvalued, making it more attractive for steady rental income. Family rental Ideal for family rentals, this spacious 2-bed apartment benefits from a good condition score of 82 and a neighborhood score of 74, enhancing its appeal to potential tenants. The rental market in Almada, supported by proximity to Lisbon’s amenities, suggests that families seeking quality living will find this property appealing, especially given its subvaluation status. Buy-and-hold Investing in this property for the buy-and-hold strategy seems prudent, as it offers a current listing price that is 6.1% below its fair value. The promising rental yield combined with its location in a highly demanded neighborhood positions this property well for long-term appreciation and cash flow benefits.
Tenant turnover risk High tenant turnover could be a concern due to the relatively strong tenant stability score of 75/100, indicating a possible volatility in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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