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 123 m², built in 1995, energy rating F. Located on rua Elias Garcia, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment benefits from a spacious sunroom that enhances natural light and provides a versatile area for relaxation or work, while being in a prime rental location with guaranteed income until 2027.
The valuation. The asking price of €349,900 is underpriced compared to the fair value of €396,512, creating an opportunity for potential investors with a difference of €46,612 (13.3%). Buy-to-flip angle. A buy-to-flip strategy could provide a solid return given the apartment's appealing condition and modern features, allowing for quick resale in a desirable market. Buy-to-let angle. With an estimated rental income of €1,195/month, this property offers a gross yield of 4.1%, making it suitable for long-term residential leasing in a suburban area close to Lisbon's amenities.
Fair value modelled at €396,512 from the area baseline, adjusted for condition and location. Asking €349,900 sits €46,612 (13.3%) below — the upside to fair value.
Asking €349,900 versus the rua Elias Garcia area baseline of €425,949 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 78 · Amenities 75 · Economic 82 · Tenant Quality 73). Strong amenities and housing-market momentum support a premium to baseline.
rua Elias Garcia
Area baseline €425,949 + condition +€5,766 + location +€35,522 = modelled fair value of €396,512 (€3,224/m²), a €46,612 (13.3%) gap versus the €349,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Elias Garcia | Subject | €349,900 | €2,845 | — | 80 | 75 |
| rua Rosas do Pombal | Active | €289,000 | €4,129 | 45.1% | 76 | 74 |
| rua Gil Anes da Costa | Active | €360,000 | €3,273 | 15.0% | 75 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 9570a6 | Active | €278,000 | €4,088 | 43.7% | 76 | 71 |
| rua Adriano Correia de Oliveira S / N | Active | €280,000 | €3,836 | 34.8% | 72 | 71 |
| Median comp | €284,500 | €3,962 | 39.3% | 76 | 73 |
Long-term rental The property offers a gross yield of 4.1%, positioned attractively for long-term rental demand within the suburban Greater Lisbon area. Given its fair value of €396,512 and a listing price of €349,900, this asset stands subvalued at 13.3%, indicating solid investment potential. Family rental With a spacious 123m² layout and a commendable neighbourhood rating of 75/100, this 3-bed apartment is ideally suited for families seeking quality living space in Almada. The combination of a lower listing price compared to fair value and adequate earning potential makes this property an appealing family rental investment. Buy-and-hold Investors looking for a buy-and-hold strategy may find this apartment attractive, considering its strong fundamentals and significant value gap of 13.3%. The promising yield of 4.1% and solid condition rating of 78/100 reinforce the apartment's potential for appreciation over time in a desirable area close to Lisbon.
Tenant turnover risk The tenant stability score of 73/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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