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 68 m², energy rating F. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment features a balcony with views of the historical area and is located close to various traditional commerce options, enhancing its attractiveness as a rental opportunity.
The valuation. The property’s asking price of €278,000 is significantly above its fair value of €210,012, presenting a discrepancy of €67,988 (24.5%). This valuation indicates that the apartment is overpriced. Buy-to-flip angle. A buy-to-flip strategy may face challenges due to the current asking price, as market conditions need favorable resale opportunities for profitability. The target would require substantial market appreciation to justify the investment. Buy-to-let angle. With a gross yield of 3.7% and estimated rental income of €857/month, the rental income strategy could appeal to long-term tenants. However, the yield is relatively low compared to market standards, which may limit potential returns.
Fair value modelled at €210,012 from the area baseline, adjusted for condition and location. Asking €278,000 sits €67,988 (24.5%) above — overpriced versus fair value.
Asking €278,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €196,384 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 76 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €196,384 + condition -€2,869 + location +€16,496 = modelled fair value of €210,012 (€3,088/m²), a €67,988 (24.5%) gap versus the €278,000 asking price.
Long-term rental This property is overpriced by 24.5%, with a gross yield of only 3.7%, which makes it a less attractive option for long-term rental investments. The relatively low yield, combined with the property's condition and neighborhood rating, suggests that potential returns may not justify the purchase price. Buy-and-hold With a fair market value of €210,012 compared to its listing price of €278,000, this property represents an overvaluation that undermines its viability as a buy-and-hold investment. The modest gross yield of 3.7% signals that long-term value appreciation is limited at this price level. Family rental The apartment’s pricing at €278,000 compared to its fair value indicates it is overpriced and may deter families seeking affordable rental options. The property's condition and neighborhood ratings suggest that, despite proximity to Lisbon, it does not align well with the needs of family rentals at this elevated price point.
[Tenant turnover risk] The tenant stability score of 55/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy and associated costs over time.
