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.
0-bedroom, 4-bathroom apartment_building of 430 m², energy rating E. Located on rua Elias Garcia, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Investment opportunity with two ground-floor units under lifetime lease, ensuring stable, long-term occupancy while offering potential for redevelopment of the remaining residential units.
The valuation. The asking price of €1,050,000 sits €187,882 (17.9%) above the fair value of €862,118, indicating the property is overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Elias Garcia | Subject | €1,050,000 | €2,442 | — | — | 75 |
| rua Manuel Febrero S / N | Active | €235,000 | €1,808 | 26.0% | — | 77 |
| rua João Gomes Abreu, 1 | Active | €239,000 | €1,440 | 41.0% | — | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f205 | Active | €2,190,000 | €2,547 | 4.3% | — | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · c1f203 | Active | €1,400,000 | €2,456 | 0.6% | — | 76 |
| Median comp | €819,500 | €2,132 | 12.7% | — | 77 |
Long-term rental This property, priced at €1,050,000, stands at a 17.9% gap above its fair value of €862,118, indicating it is overpriced for long-term rental strategies. With a yield of 0%, the investment lacks immediate profitability and may not attract high-quality tenants in the long run. Family rental Given the suburban location of Cova da Piedade, while there is potential for family rentals, the asking price of €1,050,000 exceeds the fair value by 17.9%, marking it as overpriced. The current condition rating of 0/100 further complicates its viability for families seeking quality housing. Buy-and-hold The buy-and-hold strategy appears less viable considering this property’s price is 17.9% over its fair value of €862,118, rendering it overpriced in the current market. Additionally, the lack of yield and poor condition at 0/100 diminishes the potential for long-term appreciation. Not ideal for short-term vacation rental This property is not suitable for short-term vacation rentals, as its price of €1,050,000 is 17.9% above the fair value of €862,118, which reflects an overpriced status. The lack of yield and dire condition contribute to this disadvantage in a competitive rental market. Not ideal for luxury market The property is also misaligned with the luxury market, priced at €1,050,000, which is 17.9% above the assessed fair value of €862,118, categorizing it as overpriced. The inferior condition rating of 0/100 suggests significant investment will be required to meet luxury standards, further complicating its position.
Economic vulnerability The property's economic stability score of 80/100, while relatively high, may still indicate potential fluctuations, especially if the tenant stability score of 70/100 suggests a risk of tenant turnover affecting consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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