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 70 m², built in 1994, energy rating C. Located on rua Ivone Silva, 13, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The property includes a recently renovated kitchen with modern appliances and a communal outdoor terrace designed for leisure, enhancing the living experience in an urban setting.
The valuation. The asking price of €359,000 is significantly above the fair value of €202,208, making it overpriced by €156,792 (43.7%). Such a discrepancy raises concerns about the investment's immediate viability. Buy-to-flip angle. This property, with its high-quality kitchen finishes, could attract buyers looking for modern upgrades. A targeted renovation could enhance its appeal and potentially yield a profitable resale after significant improvements. Buy-to-let angle. With an estimated rental income of €957/month, the gross yield stands at 3.2%. This may appeal to long-term tenants, although the overall condition of the property suggests a need for some updating to attract quality renters.
Fair value modelled at €202,208 from the area baseline, adjusted for condition and location. Asking €359,000 sits €156,792 (43.7%) above — overpriced versus fair value.
Asking €359,000 versus the rua Ivone Silva, 13 area baseline of €242,410 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 (Condition 52 · Materials 65 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Ivone Silva, 13
Area baseline €242,410 + condition -€19,359 + location +€19,407 = modelled fair value of €202,208 (€2,889/m²), a €156,792 (43.7%) gap versus the €359,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ivone Silva, 13 | Subject | €359,000 | €5,129 | — | 52 | 74 |
| Laranjeiro e Feijó · 00179d | Active | €295,000 | €4,609 | 10.1% | — | 69 |
| praça José Afonso | Active | €299,000 | €4,600 | 10.3% | — | 76 |
| Estrela · 1e61e8 | Active | €530,750 | €8,846 | 72.5% | — | 81 |
| Laranjeiro e Feijó · 0016ee | Active | €295,000 | €4,683 | 8.7% | — | 70 |
| Median comp | €297,000 | €4,646 | 9.4% | — | 73 |
Long-term rental The 2-bed apartment in Almada is not a strong option for long-term rental investment, given the significant 43.7% gap above its fair value of €202,208. With a gross yield of only 3.2% and a condition rating of 57/100, the financial returns may not justify the investment. Family rental This property is overpriced at €359,000, with a fair value indicating it may not attract budget-conscious families looking for rental options in a competitive market. The neighborhood rating of 74/100 may support some demand, but the high price point significantly dampens potential profitability. Buy-and-hold Although investing in real estate is often considered a long-term strategy, this particular apartment is priced 43.7% above its fair value, making it a less optable buy-and-hold scenario. The current yield of 3.2% and the condition rating suggest that the investment may not produce satisfactory returns over time. Not ideal for Short-term vacation rental opportunities are limited given the high price and lower yield, while the potential for student housing in this area is further hindered by the overpriced listing. The overall market dynamics and tenant quality do not support these strategies effectively.
Tenant churn risk Tenants may be less stable due to the tenant stability score of 60/100, potentially leading to higher turnover costs and vacancies.
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