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.
1-bedroom, 1-bathroom apartment of 55 m², built in 1994. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features unobstructed views that enhance the living space and is located in a vibrant neighborhood with easy access to essential amenities.
The valuation. The asking price of €249,000 is significantly above the fair value of €167,214, exceeding it by €81,786 (32.8%). This property is considered overpriced based on current market conditions.
Fair value modelled at €167,214 from the area baseline, adjusted for condition and location. Asking €249,000 sits €81,786 (32.8%) above — overpriced versus fair value.
Asking €249,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €158,840 (€2,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 72 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 75 · Economic 85 · 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 €158,840 + condition -€6,875 + location +€15,249 = modelled fair value of €167,214 (€3,040/m²), a €81,786 (32.8%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · dee5cc | Subject | €249,000 | €4,527 | — | 72 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 261fdb | Active | €255,000 | €4,636 | 2.4% | 68 | 78 |
| avenida Professor Egas Moniz, 9 | Active | €290,000 | €5,088 | 12.4% | 70 | 79 |
| alameda de Guerra Junqueiro | Active | €220,000 | €5,116 | 13.0% | 66 | 77 |
| Corroios · 6d5536 | Active | €225,000 | €5,921 | 30.8% | 75 | 72 |
| Median comp | €240,000 | €5,102 | 12.7% | 69 | 78 |
Long-term rental Despite the attractive location within commuting distance of Lisbon, the property is overpriced at €249,000 compared to its fair value of €167,214, indicating a significant gap of 32.8%. The gross yield of 3.2% is relatively low, making it an unsuitable option for long-term rental investments. Buy-and-hold The property’s current asking price far exceeds its fair value, which raises concerns about returns for a buy-and-hold strategy, given the gap of 32.8%. With a condition rating of 67/100 and a neighborhood quality score of 74/100, long-term capital appreciation potential seems limited. Family rental While the apartment is located in a suburban area with presumed lower crime rates, its overpriced status at €249,000 against a fair value of €167,214 makes it less appealing for family rental purposes. The gross yield of 3.2% does not provide adequate justification for the investment in this strategy.
Tenant turnover risk: With a tenant stability score of 65/100, there is a significant risk of higher turnover, potentially leading to increased vacancy rates and decreased rental income.
