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 house of 130 m² on the 11th floor, built in 1990, energy rating D. Located on rua Luís Manuel de Noronha, 4, Algés, Linda-a-Velha e Cruz Quebrada-Dafundo parish, Oeiras municipality, Lisbon district. Noteworthy features: The property includes a pantry and storage unit in the building, enhancing functionality for family living, while the parking box offers rare convenience in a sought-after area.
The valuation. The asking price of €650,000 is positioned above fair value at €607,074, representing an excess of €42,926 (6.6%). This property is considered overpriced based on market analysis. Buy-to-flip angle. The buy-to-flip strategy focuses on minor renovations to enhance appeal, targeting resale at a higher price in a competitive market influenced by Lisbon’s proximity. Buy-to-let angle. A buy-to-let approach aims for rental income of around €2,112 monthly, yielding a gross yield of 3.9%, capitalizing on demand for long-term family rentals in a desirable neighborhood.
Fair value modelled at €607,074 from the area baseline, adjusted for condition and location. Asking €650,000 sits €42,926 (6.6%) above — overpriced versus fair value.
Asking €650,000 versus the rua Luís Manuel de Noronha, 4 area baseline of €580,840 (€4,468/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 (Condition 40 · Materials 45 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 82/100 (Housing Market 85 · Amenities 80 · Economic 90 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Luís Manuel de Noronha, 4
Area baseline €580,840 + condition -€64,391 + location +€76,195 = modelled fair value of €607,074 (€4,670/m²), a €42,926 (6.6%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Luís Manuel de Noronha, 4 | Subject | €650,000 | €5,000 | — | 40 | 82 |
| Alfragide · 483b86 | Active | €320,000 | €3,441 | 31.2% | 30 | 81 |
| rua Padre Américo, 30 | Active | €650,000 | €6,190 | 23.8% | 54 | 73 |
| Belém · 93758b | Active | €1,630,000 | €8,150 | 63.0% | 65 | 78 |
| rua Paulo Duque, 21 | Active | €545,000 | €5,737 | 14.7% | — | 76 |
| Median comp | €597,500 | €5,964 | 19.3% | 54 | 77 |
Long-term rental This property in Algés may face challenges in achieving strong cash flow given its gross yield of 3.9%, which is influenced by its overpriced status. While the neighborhood score of 82/100 suggests a good living environment, the asking price exceeds fair value by 6.6%, limiting potential rent profitability. Buy-and-hold Investing in this property for the long term may not be advantageous, as its current listing price of €650,000 is above the fair value of €607,074. Although the neighborhood offers good amenities and low crime rates, the 6.6% gap from fair value signifies risk in property appreciation. Family rental While this 3-bed house benefits from a solid neighborhood rating, the overpriced listing makes it less appealing as a family rental investment. The 3.9% yield combined with the valuation gap indicates that potential rental income may not justify the initial purchase price, making it a riskier option. Not ideal for: Short-term rental, Luxury market, Student housing.
Potential tenant turnover With a tenant stability score of 75/100, there is a noteworthy risk of tenant turnover, which could lead to increased vacancy rates and potential revenue loss.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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