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, 1-bathroom apartment of 65 m², built in 1977, energy rating D. Located on rua Cidade de Benguela, 293B, Olivais parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment includes additional storage space, enhancing practicality, and boasts exceptional natural light that enhances the living experience throughout the day.
The valuation. The asking price of €340,000 is significantly above the fair value of €272,772, creating an overvaluation of €67,228, or 19.8%. This suggests that the property is overpriced. Buy-to-flip angle. A buy-to-flip strategy could target a renovation budget to modernize finishes, aiming to sell quickly within a rising sub-market by enhancing aesthetics and functionality. Buy-to-let angle. The estimated rental income of €963 per month yields approximately 3.4%, which is modest but may attract long-term tenants in this mixed neighborhood, benefitting from proximity to Lisbon's amenities and job opportunities.
Fair value modelled at €272,772 from the area baseline, adjusted for condition and location. Asking €340,000 sits €67,228 (19.8%) above — overpriced versus fair value.
Asking €340,000 versus the rua Cidade de Benguela, 293B area baseline of €255,970 (€3,938/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 58 · Materials 62 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 80/100 (Housing Market 80 · Amenities 80 · Economic 90 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Cidade de Benguela, 293B
Area baseline €255,970 + condition -€13,914 + location +€30,716 = modelled fair value of €272,772 (€4,196/m²), a €67,228 (19.8%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Benguela, 293B | Subject | €340,000 | €5,231 | — | 58 | 80 |
| rua Doutor José Saraiva, 64 | Active | €307,000 | €4,039 | 22.8% | 66 | 76 |
| Olivais · 6fbcc9 | Active | €380,000 | €5,000 | 4.4% | 60 | 74 |
| avenida de Roma | Active | €448,000 | €4,978 | 4.8% | 56 | 84 |
| rua Alferes Barrilaro Ruas | Active | €275,000 | €4,167 | 20.3% | 62 | 78 |
| Median comp | €343,500 | €4,573 | 12.6% | 61 | 77 |
Long-term rental This property appears overpriced, with a listing price of €340,000 standing 19.8% above the fair value of €272,772. With a gross yield of only 3.4% and a condition rating of 61/100, it may struggle to attract long-term tenants in a competitive market. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, as it is currently overpriced by nearly 20% compared to its fair value. The limited gross yield of 3.4% further diminishes its appeal for long-term asset appreciation in a market influenced by Lisbon’s economic conditions. Family rental This property is overpriced at €340,000, which exceeds the fair value by 19.8%, making it a less appealing option for families seeking rentals. With a condition rating that only meets moderate standards and a gross yield of 3.4%, families may seek more competitive alternatives in the area.
Tenant turnover risk There is a potential risk of increased turnover given the tenant stability score of 70/100, which may lead to higher vacancy rates and related costs.
