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 67 m², energy rating C. Located on rua Serpa Pinto, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment boasts a west-facing balcony offering stunning views over the Tagus River and is located just minutes from the scenic Castle Garden viewpoint.
The valuation. The asking price of €267,500 is significantly above the fair value of €215,066, indicating the property is overpriced by €52,434 (19.6%). This discrepancy suggests potential challenges in achieving desired returns. Buy-to-flip angle. The resale strategy focuses on cosmetic upgrades to enhance market appeal, targeting a quick turnover at a higher price, leveraging Almada's suburban appeal. This approach anticipates a profit margin that accounts for renovation and holding costs. Buy-to-let angle. Aiming for a rental strategy, the estimated monthly income of €892 results in a gross yield of 4%, making this apartment a viable option for long-term family rentals in a suburban area with solid amenities and access to transit.
Fair value modelled at €215,066 from the area baseline, adjusted for condition and location. Asking €267,500 sits €52,434 (19.6%) above — overpriced versus fair value.
Asking €267,500 versus the rua Serpa Pinto area baseline of €232,021 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 75 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 65 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Serpa Pinto
Area baseline €232,021 + condition +€3,769 + location +€17,802 = modelled fair value of €215,066 (€3,210/m²), a €52,434 (19.6%) gap versus the €267,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €267,500 | €3,993 | — | 80 | 73 |
| rua do Clube Recreativo da Ramalha S / N | Active | €310,000 | €4,026 | 0.8% | 72 | 75 |
| rua União Piedense | Active | €289,000 | €4,070 | 2.0% | 80 | 77 |
| praça Gil Vicente | Active | €320,000 | €4,000 | 0.2% | 70 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 08ffb3 | Active | €310,000 | €3,780 | 5.3% | 75 | 74 |
| Median comp | €310,000 | €4,013 | 0.5% | 74 | 76 |
Long-term rental The current asking price of €267,500 for the apartment exceeds the fair value by 19.6%, indicating that it is overpriced and may not attract reliable long-term tenants. With a gross yield of only 4% in a family-oriented area, the investment may not deliver the expected returns for a long-term rental strategy. Family rental Given its location in a family-oriented neighborhood with good amenities, this property could appeal to families; however, the price of €267,500 is substantially above the fair value of €215,066. The 4% gross yield, combined with this significant gap, suggests that the investment may struggle to attract families looking for reasonable rental rates. Buy-and-hold Although the property benefits from good transit access in Greater Lisbon, the asking price of €267,500 is unjustifiable against the fair value of €215,066. As a buy-and-hold investment, the overly high valuation diminishes potential appreciation and could impede future resale opportunities due to the current market conditions.
Economic Dependency Risk The property may face economic downturns due to an economic stability score of 80/100, which, while decent, indicates potential vulnerability in adverse market conditions that could affect tenant retention with a lower tenant stability score of 75/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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