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.
4-bedroom, 2-bathroom apartment of 120 m² on the 1st floor, built in 1900, energy rating C. Located on rua José Lourenço de Carvalho, 2, Laranjeiro e Feijó parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment offers a large balcony with potential for outdoor living, and it is strategically located next to the Alfeite Naval Base, enhancing its appeal for military personnel.
The valuation. The asking price of €375,000 sits above the fair value of €317,143, indicating an overpricing of €57,857 (18.2%). This property is not a good investment based on its current valuation. Buy-to-flip angle. A buy-to-flip strategy would require significant value addition, given the apartment's condition (0/100) and the current market context. This strategy appears risky due to the considerable renovation needed. Buy-to-let angle. With a gross yield of 3.7%, the estimated rental income of €1,156/month provides a steady cash flow. However, it may not justify the upfront investment given the asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Lourenço de Carvalho, 2 | Subject | €375,000 | €3,125 | — | — | 80 |
| Laranjeiro e Feijó · b45306 | Active | €245,000 | €2,849 | 8.8% | 65 | 74 |
| praceta Augusto Gil | Active | €298,000 | €2,661 | 14.9% | 65 | 76 |
| avenida Dom Nuno Álvares Pereira | Active | €420,000 | €2,625 | 16.0% | 65 | 71 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 023a46 | Active | €395,000 | €2,026 | 35.2% | 75 | 80 |
| Median comp | €346,500 | €2,643 | 15.4% | 65 | 75 |
Long-term rental Given the gross yield of 3.7%, the long-term rental return appears constrained, particularly in light of the 18.2% gap above fair value. This property’s pricing may diminish its attractiveness for generating sustainable rental income in a suburban market. Family rental While it is situated in a neighborhood recognized for its residential appeal, the price of €375,000 exceeds the calculated fair value, thus limiting potential returns for families seeking long-term rental arrangements. The property’s condition score of 0/100 highlights significant issues that could deter families from choosing this apartment. Buy-and-hold Investing with a buy-and-hold strategy will be challenging due to the property being overpriced at €375,000, against a fair value of €317,143, representing an 18.2% premium. The long-term appreciation potential is questionable, particularly given the current condition rating of 0/100, which indicates that substantial renovations would be necessary to maintain value over time.
Potential Tenant Turnover The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which could impact rental income stability and lead to potential vacancy periods.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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