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 57 m² on the 3rd floor, energy rating D. Located on rua José da Silva Mendes S / N, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. The apartment features abundant natural light and a harmonious layout, making it an ideal canvas for modern renovation projects tailored to contemporary living requirements.
The valuation. The asking price of €265,000 is significantly above the fair value of €181,377, exceeding it by €83,623 (31.6%). This property is overpriced for the current market conditions.
Fair value modelled at €181,377 from the area baseline, adjusted for condition and location. Asking €265,000 sits €83,623 (31.6%) above — overpriced versus fair value.
Asking €265,000 versus the rua José da Silva Mendes S / N area baseline of €197,391 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 70 · Materials 75 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 81/100 (Housing Market 80 · Amenities 80 · Economic 85 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
rua José da Silva Mendes S / N
Area baseline €197,391 + condition -€3,652 + location +€20,412 = modelled fair value of €181,377 (€3,182/m²), a €83,623 (31.6%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José da Silva Mendes S / N | Subject | €265,000 | €4,649 | — | 70 | 81 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 4bc752 | Active | €315,000 | €4,846 | 4.2% | 73 | 76 |
| rua Cidade de Porto de Amélia | Active | €240,000 | €3,000 | 35.5% | 68 | 84 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 001b86 | Active | €270,000 | €4,426 | 4.8% | 70 | 74 |
| Corroios · 95689e | Active | €320,000 | €3,478 | 25.2% | 72 | 77 |
| Median comp | €292,500 | €3,952 | 15.0% | 71 | 77 |
Long-term rental This property, with a current listing of €265,000, is overpriced by 31.6% when compared to its fair value of €181,377, making it a less attractive option for long-term rental purposes. The yield of 3.5% gross further reinforces the notion that this investment may not generate the expected returns relative to its cost. Buy-and-hold With a fair value considerably lower than the asking price, the 2-bed apartment in Almada does not provide a sound basis for a buy-and-hold investment strategy. Investors should be cautious, as the property’s 71/100 condition rating does not compensate for its overpriced valuation. Family rental While the neighbourhood rating of 81/100 indicates good tenant quality and amenities, the €265,000 asking price that exceeds fair value presents a significant hurdle for it to be a viable family rental investment. Ultimately, the gap of 31.6% from fair value impairs the potential for attractive rental yields or long-term appreciation. Not ideal for short-term vacation rental Given the property’s overpriced status, coupled with less favorable short-term rental conditions, investing in this apartment for vacation rentals would likely not yield satisfactory returns. The saturated short-term rental market may further exacerbate these challenges, making it a risky investment choice. Not ideal for student housing The combination of high market price and the property’s specific attributes suggests it is not well suited for student housing investments. The inflated price point considerably detracts from the potential financial viability for this demographic.
Potential Economic Downturn The economic stability score of 85 suggests a strong environment, but any significant downturn could impact tenant retention, leading to potential vacancies and reduced 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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