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 58 m² on the 1st floor, built in 1988. Located Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. Noteworthy Features: This apartment includes a sunroom that can be transformed into an outdoor relaxation area, enhancing the living space and versatility of the property.
The valuation. The asking price of €246,000 sits €36,222 (12.8%) below the fair value of €282,222, indicating that this property is underpriced and presents a solid investment opportunity given its market positioning.
Fair value modelled at €282,222 from 6 comparable sales in the area. Asking €246,000 sits €36,222 (12.8%) below — the upside to fair value.
Asking €246,000 versus the Almada, Cova da Piedade, Pragal e Cacilhas, Almada, Setúbal area baseline of €289,779 (€4,996/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €289,779, adjusted for condition and micro-location, gives a modelled fair value of €282,222 (€4,866/m²), a €36,222 (12.8%) gap versus the €246,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almada, Cova da Piedade, Pragal e Cacilhas · 43927c | Subject | €246,000 | €4,241 | — | 68 | 71 |
| alameda de Guerra Junqueiro | Active | €220,000 | €5,116 | 20.6% | 66 | 77 |
| Almada, Cova da Piedade, Pragal e Cacilhas · dee5cc | Active | €249,000 | €4,527 | 6.7% | 72 | 74 |
| Almada, Cova da Piedade, Pragal e Cacilhas · 261fdb | Active | €255,000 | €4,636 | 9.3% | 68 | 78 |
| avenida da República, 8 | Active | €274,000 | €4,644 | 9.5% | 55 | 75 |
| Median comp | €252,000 | €4,640 | 9.4% | 67 | 76 |
Long-term rental The property in Almada’s Cova da Piedade presents a favorable long-term rental opportunity, with a 3.6% gross yield that reflects the area's steady demand and proximity to Lisbon. With a fair value of €282,222 compared to the listing price, there is a 12.8% gap suggesting continued investment potential as rental prices in the neighborhood grow. Buy-and-hold Given its advantageous location and family-oriented neighborhood, this apartment serves as a solid buy-and-hold investment, likely appreciating over time as local amenities and employment opportunities enhance its attractiveness. The pricing gap of 12.8% compared to fair value highlights the potential for future returns without the immediate pressure of short-term rental fluctuations.
Moderate Tenant Turnover Risk With a tenant stability score of 60/100, there is a notable risk of increased turnover, which could lead to higher vacancy rates and additional costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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