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 apartment of 126 m² on the 6th floor, built in 1996, energy rating C. Located on calçada das Lajes, Penha de França parish, Lisbon municipality, Lisbon district. Noteworthy Features: This apartment boasts a magnificent view of the Tagus River and is located near Santa Apolónia station, providing excellent accessibility to public transport and amenities.
The valuation. The asking price of €615,000 is €24,403 (3.8%) below the fair value of €639,403, positioning this property as a fair opportunity in the Lisbon market.
Fair value modelled at €639,403 from 5 comparable sales in the area. Asking €615,000 sits €24,403 (3.8%) below — the upside to fair value.
Asking €615,000 versus the calçada das Lajes area baseline of €542,925 (€4,309/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €542,925, adjusted for condition and micro-location, gives a modelled fair value of €639,403 (€5,075/m²), a €24,403 (3.8%) gap versus the €615,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| calçada das Lajes | Subject | €615,000 | €4,881 | — | 70 | 85 |
| rua de Xabregas | Active | €505,000 | €5,611 | 15.0% | 75 | 82 |
| rua Sarmento de Beires, 32 | Active | €680,000 | €5,075 | 4.0% | 73 | 78 |
| azinhaga da Fonte do Louro | Active | €950,000 | €5,220 | 6.9% | 75 | 84 |
| Areeiro · b7c3b3 | Active | €680,000 | €5,075 | 4.0% | — | 81 |
| Median comp | €680,000 | €5,148 | 5.5% | 75 | 82 |
Long-term rental The 3-bed apartment in Penha de França has a decent gross yield of 2.8%, aligning with the area's robust housing demand. Given its condition rating of 72/100 and a fair valuation gap of only 3.8%, the property demonstrates stable potential for steady rental income. Short-term vacation rental With excellent access to urban amenities and a prime location in Lisbon, this property could cater well to short-term vacation rental needs. Despite the current valuation being fair at €615,000, competition in the short-term rental market could impact overall profitability. Buy-and-hold This property’s fair valuation indicates a stable investment for a buy-and-hold strategy, though the gross yield of 2.8% may not be particularly compelling for long-term appreciation. Investment fundamentals are solid due to the high tenant quality and neighborhood characteristics, suggesting the potential for gradual value appreciation over time.
Economic Dependency Risk: While the economic stability score is high at 90/100, any slight downturn could disproportionately impact tenant stability, currently rated at 80/100, leading to potential vacancies and rent collection issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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