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, 2-bathroom apartment of 89 m², built in 1968, energy rating D. Located on rua Conde Castelo Melhor, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. The apartment features a charming balcony that provides a serene spot for enjoying morning coffee and breathtaking sunset views, enhancing the living experience with outdoor tranquility.
The valuation. The asking price of €230,000 is significantly below the fair value of €267,438, representing a discount of €37,438 (16.3%). This makes the property an attractive acquisition for savvy investors looking to capitalize on its value potential.
Fair value modelled at €267,438 from the area baseline, adjusted for condition and location. Asking €230,000 sits €37,438 (16.3%) below — the upside to fair value.
Asking €230,000 versus the rua Conde Castelo Melhor area baseline of €308,207 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 68 · Materials 62 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Conde Castelo Melhor
Area baseline €308,207 + condition -€15,297 + location +€25,703 = modelled fair value of €267,438 (€3,005/m²), a €37,438 (16.3%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Conde Castelo Melhor | Subject | €230,000 | €2,584 | — | 68 | 75 |
| praça Gil Vicente | Active | €340,000 | €2,764 | 7.0% | 68 | 74 |
| rua da Boa Esperança | Active | €245,000 | €2,356 | 8.8% | 65 | 80 |
| praça da Portela | Active | €429,000 | €2,648 | 2.5% | 70 | 75 |
| avenida Dom Nuno Álvares Pereira | Active | €420,000 | €2,625 | 1.6% | 65 | 71 |
| Median comp | €380,000 | €2,637 | 2.0% | 67 | 75 |
Long-term rental This property offers a strong yield of 4.8% gross, making it an attractive option for long-term rental strategies. The fair value of €267,438 indicates a significant gap of 16.3% from the listing price, presenting a compelling opportunity for stable cash flow. Family rental With a solid neighbourhood score of 75/100 and a spacious 89m² layout, this apartment is ideal for family rentals, appealing to long-term tenants seeking comfort and accessibility. The proximity to Lisbon enhances its desirability, adding to the potential for consistent occupancy rates. Buy-and-hold Given the underpriced status of this apartment relative to fair value, it serves as a strong buy-and-hold investment, allowing for capital appreciation over time. The combination of decent condition (64/100) and the favourable economic environment in Almada further supports the long-term growth potential of this asset.
Tenant Default Risk With a tenant stability score of 75/100, there is a potential risk of tenant turnover or default, affecting rental income stability.
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