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 120 m², energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a large west-facing terrace and electric shutters in the bedrooms, enhancing both outdoor living and energy efficiency throughout the day.
The valuation. The asking price of €330,000 is significantly below the fair value of €404,607, representing an undervaluation of €74,607 or 22.6%. This presents a compelling opportunity for potential investors. Buy-to-flip angle. The resale strategy could capitalize on the apartment's underpriced status, allowing for a profitable flip after minor renovations or updates to align with market demand. Buy-to-let angle. With an estimated gross yield of 4.1%, the rental strategy targets long-term tenants seeking quality housing, generating an estimated monthly income of €1,127, making it an attractive buy-and-hold investment.
Fair value modelled at €404,607 from the area baseline, adjusted for condition and location. Asking €330,000 sits €74,607 (22.6%) below — the upside to fair value.
Asking €330,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €415,560 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 82/100 (Housing Market 85 · Amenities 85 · Economic 80 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €415,560 + condition +€13,687 + location +€44,360 = modelled fair value of €404,607 (€3,372/m²), a €74,607 (22.6%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 28b724 | Subject | €330,000 | €2,750 | — | 80 | 82 |
| travessa João Black | Active | €360,000 | €2,769 | 0.7% | 76 | 68 |
| Laranjeiro e Feijó · de0bd4 | Active | €499,000 | €4,229 | 53.8% | 80 | 79 |
| rua dos Lusíadas, 12 | Active | €210,000 | €2,625 | 4.5% | 75 | 71 |
| rua Maria Machado, 6 | Active | €345,000 | €3,594 | 30.7% | 78 | 75 |
| Median comp | €352,500 | €3,182 | 15.7% | 77 | 73 |
Long-term rental This 2-bed apartment in Almada represents a strategic opportunity for long-term rental investments, boasting a gross yield of 4.1%, which is attractive in the context of Lisbon's economic strength. With a fair value of €404,607 compared to the listing price of €330,000, there is a significant 22.6% gap that enhances its appeal for sustained income generation. Family rental Positioned in a suburban locale that balances safety and amenities, this property is ideal for family rentals, appealing to tenants seeking a quality living environment. The apartment's solid condition rating of 82/100 further supports its attractiveness for families looking for a long-term home within reach of Lisbon. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy is promising, given its already favorable listing price against fair market value. The potential for capital appreciation is emphasized by both the 22.6% gap to fair value and the neighborhood's solid metrics, making it a compelling choice for long-term wealth accumulation.
Economic-Tenant Stability Risk There is potential risk in tenant turnover or economic downturns as both economic and tenant stability scores are moderately high at 80/100, which may lead to a less predictable rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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