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 63 m², built in 1986, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: The apartment includes a spacious balcony that enhances outdoor living and provides a quiet retreat from the urban environment, ideal for relaxation or entertaining guests.
The valuation. The asking price of €269,000 is significantly higher than the fair value of €192,088, marking a difference of €76,912 (28.6%). This property is overpriced, which may deter potential investors. Buy-to-flip angle. The resale strategy focuses on renovations that could enhance the property's appeal slightly, potentially allowing for a quicker turnaround despite the high entry price. Targeting buyers seeking proximity to Lisbon could facilitate quicker sales. Buy-to-let angle. The estimated rental income stands at €829/month, yielding approximately 3.7%. Given the area's mixed ratings and residential nature, stable long-term tenants may be attracted, contributing to reliable cash flow for the investor.
Fair value modelled at €192,088 from the area baseline, adjusted for condition and location. Asking €269,000 sits €76,912 (28.6%) above — overpriced versus fair value.
Asking €269,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €218,169 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 75 · Materials 65 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal
Area baseline €218,169 + condition -€6,595 + location +€16,739 = modelled fair value of €192,088 (€3,049/m²), a €76,912 (28.6%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · dc140e | Subject | €269,000 | €4,270 | — | 75 | 73 |
| rua Bento de Jesus Caraça, 51 | Active | €265,000 | €3,232 | 24.3% | 75 | 76 |
| parque da Paz | Active | €285,000 | €3,851 | 9.8% | 70 | 78 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 90daaa | Active | €215,000 | €2,905 | 32.0% | — | 79 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 001bf1 | Active | €295,000 | €4,097 | 4.0% | 65 | 73 |
| Median comp | €275,000 | €3,542 | 17.1% | 70 | 77 |
Long-term rental The 2-bed apartment in Almada is currently priced at €269,000, representing a significant 28.6% gap above its fair value of €192,088, indicating it is overpriced. With a gross yield of only 3.7%, this property may provide limited financial returns for long-term rental investors due to its inflated price. Family rental At €269,000, this property is situated in a primarily residential area with a neighborhood score of 73, but its fair value of €192,088 shows it is overpriced by 28.6%. The yield of 3.7% suggests that families seeking rental options may find better value elsewhere given the current pricing dynamics. Buy-and-hold The buy-and-hold strategy for this 2-bed apartment could be questionable, as the listing price of €269,000 is above the fair value of €192,088, marking it as overpriced by 28.6%. With a gross yield of 3.7%, this property’s returns may not justify the investment over the long term given current valuations.
Economic volatility risk The economic stability score of 70 suggests potential fluctuations that may impact rental demand and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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