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 95 m², built in 1985. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Feature: This apartment offers stunning panoramic views of the Tagus River and iconic landmarks like the Vasco da Gama Bridge and Cristo Rei from the living area and balcony.
The valuation. The asking price of €280,000 sits slightly below the fair value of €281,640, indicating that this property is underpriced by €1,640 (0.6%). This price point presents a favorable opportunity for investors. Buy-to-flip angle. A resale strategy could capitalize on minor cosmetic improvements, enhancing appeal to potential buyers in a desirable suburb, targeting a quick turnaround to maximize profits. Buy-to-let angle. The estimated monthly rental income of €1,027 yields a gross return of 4.4%, making it an attractive option for long-term rental or family accommodations in a stable economic area.
Fair value modelled at €281,640 from the area baseline, adjusted for condition and location. Asking €280,000 sits €1,640 (0.6%) below — the upside to fair value.
Asking €280,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €328,985 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 66 · Materials 61 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 80 · 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 €328,985 + condition -€17,961 + location +€25,241 = modelled fair value of €281,640 (€2,965/m²), a €1,640 (0.6%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 9384d8 | Subject | €280,000 | €2,947 | — | 66 | 73 |
| parque da Paz | Active | €349,900 | €3,845 | 30.5% | 73 | 70 |
| praceta Doutor Barbosa Du Bocage, 1 | Active | €270,000 | €4,286 | 45.4% | 57 | 75 |
| Caparica e Trafaria · 4b9170 | Active | €275,000 | €3,438 | 16.6% | 70 | 81 |
| rua Afonso de Paiva, 1 | Active | €299,000 | €3,691 | 25.2% | 65 | 73 |
| Median comp | €287,000 | €3,768 | 27.8% | 68 | 74 |
Long-term rental The 3-bed apartment in Almada offers a gross yield of 4.4%, indicating strong potential for consistent cash flow. With a fair value only 0.6% higher than the listing price, this property stands out as an effective long-term investment opportunity. Family rental This apartment's spacious layout and convenient location make it particularly appealing for families seeking residential stability. The above-average neighborhood rating of 73/100 supports its desirability, making it a good fit for family rental strategies. Buy-and-hold Investing in this property aligns with a buy-and-hold strategy, given the slight gap from its fair value and the positive economic outlook of the Lisbon suburbs. The combination of steady rental yield and favorable neighborhood conditions suggests that this asset can appreciate over time while generating income. Not ideal for short-term vacation rental Given the residential nature of the neighborhood and the property’s condition, it is not well-suited for short-term vacation rental strategies. The local market dynamics prioritize long-term residents over transient guests. Not ideal for luxury market The apartment does not meet luxury market standards, with a condition rating of 63/100 indicating a need for potential upgrades. As such, targeting high-end buyers or renters would likely yield disappointing results in terms of demand and pricing.
Potential Tenant Turnover Risk: With a tenant stability score of 65/100, there is a higher likelihood of tenant turnover, potentially resulting in increased vacancy rates and associated costs in the future.
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