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, 2-bathroom apartment of 79 m² on the 3rd floor, built in 1967, energy rating D. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Feature: The converted attic suite includes a private bathroom, adding versatile living space that enhances the overall value and functionality of the apartment.
The valuation. The asking price of €330,000 is significantly above its fair value of €287,579, representing an overpricing of €42,421 (14.8%). This reflects a disconnect between market expectations and assessed value.
Fair value modelled at €287,579 from 6 comparable sales in the area. Asking €330,000 sits €42,421 (14.8%) above — overpriced versus fair value.
Asking €330,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €267,396 (€3,385/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €267,396, adjusted for condition and micro-location, gives a modelled fair value of €287,579 (€3,640/m²), a €42,421 (14.8%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 1f36fb | Subject | €330,000 | €4,177 | — | 75 | 78 |
| Charneca de Caparica e Sobreda · 0900ef | Active | €355,000 | €4,176 | 0% | 73 | 74 |
| rua Vila do Seixal | Active | €315,000 | €3,500 | 16.2% | 74 | 76 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 08ffb3 | Active | €310,000 | €3,780 | 9.5% | 75 | 74 |
| travessa dos Eucaliptos, 4A | Active | €260,000 | €3,421 | 18.1% | 73 | 72 |
| Median comp | €312,500 | €3,640 | 12.9% | 74 | 74 |
Long-term rental The property is overpriced at €330,000 with a fair value of €287,579, indicating a significant gap of 14.8%. With a gross yield of only 3.3%, potential long-term rental returns may not justify this price point. Family rental Given its 78/100 condition and neighbourhood rating, this property may appeal to families looking for stable housing. However, the current asking price makes it less attractive for family rental purposes, as it exceeds the fair market value. Buy-and-hold As a buy-and-hold investment, the property's overpriced status at €330,000 may hinder capital appreciation in the coming years. Investors should be cautious, as the current valuation does not align with the fair value assessment, limiting potential long-term gains.
Tenant turnover risk With a tenant stability score of 75/100, there is an increased likelihood of tenant turnover, which could affect rental income consistency.
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