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.
0-bedroom, 0-bathroom mix_use_building of 475 m², built in 1986. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Notable Features: The property includes an outdoor space designed for laundry use, enhancing its appeal for tenants seeking convenience and functionality in a vibrant neighborhood.
The valuation. The asking price of €3,000,000 is significantly above the fair value of €1,438,631, representing an overvaluation of €1,561,369 (52.0%). This pricing does not reflect the actual market potential of the property.
Fair value modelled at €1,438,631 from the area baseline, adjusted for condition and location. Asking €3,000,000 sits €1,561,369 (52.0%) above — overpriced versus fair value.
Asking €3,000,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €1,371,800 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 70 · Materials 68 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 80 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €1,371,800 + condition -€59,375 + location +€126,206 = modelled fair value of €1,438,631 (€3,029/m²), a €1,561,369 (52.0%) gap versus the €3,000,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 523044 | Subject | €3,000,000 | €6,316 | — | 70 | 73 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f127 | Active | €0 | €0 | 100.0% | — | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f203 | Active | €1,400,000 | €2,456 | 61.1% | — | 76 |
| rua Manuel de Sousa Coutinho, 8A | Active | €199,900 | €5,879 | 6.9% | 73 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f205 | Active | €2,190,000 | €2,547 | 59.7% | — | 77 |
| Median comp | €799,950 | €2,502 | 60.4% | 73 | 77 |
Long-term rental The property in Almada presents a significant gap of 52% compared to its fair value, suggesting it is overpriced at €3,000,000 despite the potential long-term rental opportunities in this suburban area. With a gross yield of 0% and a condition rating of 67/100, the investment may not attract quality tenants necessary for sustainable income. Family rental Although suitable for family rental due to the neighbourhood’s safety and school quality ratings, the property’s current pricing of €3,000,000 represents a considerable overvaluation compared to its fair value of €1,438,631. Families may hesitate to commit to this rental given the lack of yield and the building's condition rating of 67/100, which could limit its appeal. Buy-and-hold Investing in this property as a buy-and-hold option is challenging, given the significant 52% gap between the asking price and fair value, classifying it as overpriced. The real estate market conditions and the property's 0% gross yield indicate that long-term capital appreciation may be unlikely in the near future.
Tenant turnover risk The tenant stability score of 65/100 indicates a potential for higher turnover rates, which could lead to increased vacancy periods and associated costs.
