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.
1-bedroom, 1-bathroom apartment of 48 m² on the 3rd floor, energy rating D. Located on travessa da Espera, Misericórdia parish, Lisbon municipality, Lisbon district. Noteworthy Features: The apartment showcases traditional Lisbon azulejos in the living area, enhancing its historical charm and cultural authenticity, and it offers a private balcony overlooking the vibrant street life.
The valuation. The asking price of €225,000 is €29,750 (11.7%) below the fair value of €254,750, indicating that the property is subvalued relative to the market. This presents a solid opportunity for savvy investors. Buy-to-flip angle. With strategic renovations, this apartment can attract buyers willing to pay a premium, capitalizing on the current underpricing to realize a profitable flip. A targeted approach focusing on aesthetic updates could yield substantial returns. Buy-to-let angle. The projected gross yield of 6%, translating to approximately €1,125/month, positions this apartment well for a reliable long-term rental strategy. Its prime location in Lisbon enhances its desirability among tenants, ensuring a steady income stream.
Fair value modelled at €254,750 from 6 comparable sales in the area. Asking €225,000 sits €29,750 (11.7%) below — the upside to fair value.
Asking €225,000 versus the travessa da Espera area baseline of €217,774 (€4,537/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €217,774, adjusted for condition and micro-location, gives a modelled fair value of €254,750 (€5,307/m²), a €29,750 (11.7%) gap versus the €225,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Espera | Subject | €225,000 | €4,688 | — | 74 | 85 |
| rua da Cruz a Alcântara S / N | Active | €275,000 | €5,000 | 6.7% | 70 | 78 |
| Campo de Ourique · 956a1d | Active | €320,000 | €5,333 | 13.8% | 75 | 85 |
| largo do Rato | Active | €509,000 | €4,670 | 0.4% | 74 | 84 |
| rua das Janelas Verdes, 47 | Active | €360,000 | €6,000 | 28.0% | 72 | 83 |
| Median comp | €340,000 | €5,167 | 10.2% | 73 | 84 |
Long-term rental This 1-bed apartment in Misericórdia offers an attractive gross yield of 6%, making it a solid option for long-term rental investors seeking to capitalize on Lisbon’s rental market. The property’s location in a vibrant district close to amenities enhances its appeal to prospective long-term tenants, despite its current condition rating of 75/100. Short-term vacation rental With a fair value of €254,750, this property is priced at €225,000, indicating an 11.7% gap that presents a compelling opportunity for short-term vacation rental investors. The high-quality neighborhood rating of 85/100 further underscores its desirability among tourists seeking convenient accommodation options. Buy-and-hold This property stands out in the competitive Lisbon market with its fair value indicating a potential appreciation opportunity over time, especially given its strategic location in a central district. As a buy-and-hold investment, the apartment is well-positioned to benefit from increasing property values in the vibrant Misericórdia area. Not ideal for: Student housing, Value-add renovation, Luxury market
Tenant turnover risk With a tenant stability score of 75/100, there is a heightened risk of tenant turnover, which can increase vacancy rates and associated costs, possibly affecting overall returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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