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, 3-bathroom apartment of 187 m², built in 1994, energy rating A+. Located Carcavelos e Parede parish, Cascais municipality, Lisbon district. Noteworthy Features: This apartment includes a closed continuous balcony that enhances indoor-outdoor living and offers stunning sea views from multiple vantage points throughout the unit.
The valuation. The asking price of €1,500,000 is significantly above the fair value of €987,912, representing an excess of €512,088 (34.1%). Verdict: overpriced. Buy-to-flip angle. Given the current state of the property, a buy-to-flip strategy would involve making moderate upgrades to enhance its appeal and command a higher resale price in the popular Cascais market. Buy-to-let angle. With an estimated rental income of around €2,000/month, the gross yield is approximately 1.6%, which may not be attractive for cash flow-focused investors looking for higher returns in the Greater Lisbon area.
Fair value modelled at €987,912 from the area baseline, adjusted for condition and location. Asking €1,500,000 sits €512,088 (34.1%) above — overpriced versus fair value.
Asking €1,500,000 versus the Carcavelos e Parede, Cascais, Lisbon area baseline of €893,299 (€4,777/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 62 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 65 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Carcavelos e Parede, Cascais, Lisbon
Area baseline €893,299 + condition -€18,992 + location +€81,441 = modelled fair value of €987,912 (€5,283/m²), a €512,088 (34.1%) gap versus the €1,500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Carcavelos e Parede · ba5bb2 | Subject | €1,500,000 | €8,021 | — | 62 | 72 |
| rua Rainha Joana da Bulgária | Active | €980,000 | €8,673 | 8.1% | 78 | 76 |
| praceta José Figueiredo Fonseca | Active | €850,000 | €5,903 | 26.4% | 78 | 76 |
| rua Professor Doutor Manuel Eugénio Machado Macedo, 251 | Active | €795,000 | €6,570 | 18.1% | 76 | 76 |
| rua Fernão de Magalhães, 92 | Active | €810,000 | €5,586 | 30.4% | 75 | 68 |
| Median comp | €830,000 | €6,237 | 22.3% | 77 | 76 |
Long-term rental The property in Carcavelos e Parede, priced at €1,500,000, is not an ideal candidate for long-term rental given its yield of only 1.6%, which falls below typical market expectations. With a fair value assessment of €987,912, the property is overpriced by 34.1%, making it less appealing for sustained rental income. Family rental While the location offers good access to Lisbon, the property's fair value of €987,912 versus its listing price indicates that it is overpriced by 34.1%. Families may be deterred by the high entry cost relative to the average rental yield of 1.6%, ultimately limiting potential returns from this strategy. Buy-and-hold Investing in this property as a buy-and-hold strategy poses significant risks, as it is currently overpriced at €1,500,000 compared to a fair value of €987,912, which reflects a 34.1% discrepancy. The low yield of 1.6% suggests that holding the asset long-term may not generate satisfactory appreciation or cash flow for investors. Not ideal for short-term vacation rental This property is not well-suited for short-term vacation rentals, especially given its high price that does not align with market trends for this use case. Potential renters may find the cost to be excessive compared to other options, negatively impacting occupancy rates. Not ideal for student housing With a listing price of €1,500,000, the property is clearly overpriced, making it a less attractive option for student housing where affordability is crucial. The yield of 1.6% does not accommodate the competitive pricing typically expected in student accommodation markets.
Economic volatility risk With an economic stability score of 70/100, there is a moderate risk that economic fluctuations could negatively impact property values and tenant demand in the future.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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