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, 3-bathroom apartment of 269 m², built in 1990. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This luxury apartment includes three individual garage units and high-security doors for enhanced safety and convenience, along with balcony views of the scenic Arrábida landscape.
The valuation. The asking price of €690,000 sits below the fair value of €744,490, reflecting a difference of €54,490 (7.3%). This positions the property at a fair price, making it an attractive option for potential buyers seeking value in the market.
Fair value modelled at €744,490 from 6 comparable sales in the area. Asking €690,000 sits €54,490 (7.3%) below — the upside to fair value.
Asking €690,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €527,542 (€1,961/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €527,542, adjusted for condition and micro-location, gives a modelled fair value of €744,490 (€2,768/m²), a €54,490 (7.3%) gap versus the €690,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · b32b0c | Subject | €690,000 | €2,565 | — | 78 | 78 |
| rua União Piedense S / N | Active | €358,000 | €2,887 | 12.6% | 80 | 78 |
| rua Ramalho Ortigão | Active | €324,000 | €2,613 | 1.9% | 70 | 72 |
| rua da Boa Esperança | Active | €245,000 | €2,356 | 8.2% | 65 | 80 |
| praça da Portela | Active | €429,000 | €2,648 | 3.2% | 70 | 75 |
| Median comp | €341,000 | €2,631 | 2.6% | 70 | 77 |
Long-term rental The property’s fair value of €744,490 is slightly above the listing price of €690,000, indicating that it is fairly priced for the market. With a gross yield of 2.9%, this investment offers moderate returns while benefiting from stable demand in the suburban area close to Greater Lisbon. Buy-and-hold Given the close proximity to Lisbon's business and cultural centers, this property maintains its appeal as a long-term hold despite its fair value positioning. The robust condition rating of 81/100 supports its potential for appreciation over time in a steadily developing neighborhood. Family rental The property is well-suited for family rentals, benefiting from a decent neighborhood score of 78/100 and ample living space of 269m². Its fair pricing and good condition make it an appealing option for families seeking long-term residency in a location that provides access to both suburban tranquility and urban amenities. Short-term vacation rental This property is not ideal for short-term vacation rental given its fair pricing and the current market dynamics. The residential nature of the neighborhood may not attract transient guests, limiting potential profitability in the short-term rental market. Student housing While the location is appealing, this property is not suitable for student housing due to the fair valuation and the target demographic's preferences. The suburban environment may not align with the lifestyle requirements of students seeking proximity to university campuses and vibrant social scenes.
Economic Vulnerability The high economic stability score of 85 suggests resilience, but the tenant stability score of 75 indicates potential turnover risks that could impact rental income.
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