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 98 m² on the 3rd floor, built in 1987, energy rating D. Located on avenida José Elias Garcia, 23, Queluz e Belas parish, Sintra municipality, Lisbon district. Noteworthy Features: The property includes a private balcony offering views of the surrounding area, enhancing outdoor living in the urban environment of Queluz e Belas.
The valuation. The asking price of €302,000 is slightly below the fair value of €306,818, presenting a difference of €4,818 (1.6%). Verdict: fair. Buy-to-flip angle. The potential resale strategy would involve minor renovations to update the dated finishes, aiming for a higher price point in a strong market. Buy-to-let angle. The estimated rental income of €1,158/month translates to a gross yield of 4.6%, making it a viable long-term family rental investment in a mixed neighborhood close to Lisbon's amenities.
Fair value modelled at €306,818 from 6 comparable sales in the area. Asking €302,000 sits €4,818 (1.6%) below — the upside to fair value.
Asking €302,000 versus the avenida José Elias Garcia, 23 area baseline of €284,055 (€2,899/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €284,055, adjusted for condition and micro-location, gives a modelled fair value of €306,818 (€3,131/m²), a €4,818 (1.6%) gap versus the €302,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida José Elias Garcia, 23 | Subject | €302,000 | €3,082 | — | 60 | 75 |
| avenida Doutor Fernando Piteira Santos | Active | €300,000 | €2,857 | 7.3% | 60 | 73 |
| Massamá e Monte Abraão · 001954 | Active | €390,000 | €2,635 | 14.5% | 60 | 74 |
| Mina de Água · f366d4 | Active | €240,000 | €3,243 | 5.2% | — | 66 |
| Venteira · f3655f | Active | €395,000 | €4,647 | 50.8% | 54 | 75 |
| Median comp | €345,000 | €3,050 | 1.0% | 60 | 74 |
Long-term rental The property presents a gross yield of 4.6%, making it a viable option for long-term rental investments. While the fair value is slightly below the listing price, the property is well-positioned to benefit from the economic influences of nearby Lisbon. Buy-and-hold With a fair value close to the listing price, this property aligns with a buy-and-hold strategy, allowing for potential appreciation in value over time. The solid neighbourhood score of 75/100 indicates a stable investment environment, despite the current price being near fair value. Family rental Given its location on the outskirts of Lisbon, this apartment is suitable for family rentals due to its proximity to urban amenities. Though the listing price reflects a fair valuation, the property is in decent condition, making it appealing for families seeking a long-term residence.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which may lead to increased vacancy periods and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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