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 75 m², energy rating D. Located on rua Manuel de Almeida e Vasconcelos, 120, Carcavelos e Parede parish, Cascais municipality, Lisbon district. Noteworthy Features: The apartment boasts both a balcony and a terrace, offering versatile outdoor spaces ideal for relaxation and entertaining, complemented by new renovations completed in 2026.
The valuation. The asking price of €645,000 is positioned at 4.9% below the fair value of €678,124, indicating that the property is reasonably valued within the current market context. Buy-to-flip angle. A buy-to-flip strategy could capitalize on minor renovations to enhance appeal, potentially realizing a profit by swiftly reselling above the purchase price. Buy-to-let angle. A buy-to-let approach could generate a gross yield of 2.3%, with estimated rental income around €1,236/month, targeting families seeking proximity to Lisbon while enjoying suburban living.
Fair value modelled at €678,124 from 6 comparable sales in the area. Asking €645,000 sits €33,124 (4.9%) below — the upside to fair value.
Asking €645,000 versus the rua Manuel de Almeida e Vasconcelos, 120 area baseline of €676,023 (€9,014/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is above the parish average, lifting 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 €676,023, adjusted for condition and micro-location, gives a modelled fair value of €678,124 (€9,042/m²), a €33,124 (4.9%) gap versus the €645,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel de Almeida e Vasconcelos, 120 | Subject | €645,000 | €8,600 | — | 74 | 68 |
| São Domingos de Rana · be9620 | Active | €395,000 | €6,270 | 27.1% | 68 | 76 |
| rua Alemanha, 250 | Active | €890,000 | €8,812 | 2.5% | 70 | 70 |
| alameda Alto da Barra | Active | €649,000 | €9,271 | 7.8% | 70 | 65 |
| jardim de Paço de Arcos | Active | €500,000 | €9,804 | 14.0% | 82 | 65 |
| Median comp | €574,500 | €9,042 | 5.1% | 70 | 68 |
Long-term rental The property's fair valuation indicates a sustainable market position with a yield of 2.3%, suggesting consistent rental income potential. However, the slightly high asking price and modest condition may limit long-term profitability for investors seeking strong returns. Family rental The apartment is located in a suburban area close to Lisbon, appealing to families looking for a balance between urban access and residential comfort. While the property is in fair condition, the current listing price may deter some family tenants who prioritize value. Buy-and-hold Investors should consider this property for a buy-and-hold strategy, given its proximity to Lisbon and moderate neighborhood characteristics. Nevertheless, with a fair valuation and modest yield, the potential for significant appreciation may be limited in the current market context.
Economic Downturn Risk The economic stability score of 65 suggests potential vulnerability to downturns that may affect rental income 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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