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, 1-bathroom apartment of 85 m² on the 2nd floor, built in 2002, energy rating D. Located on largo José João Farinha Júnior, 1, Carnide parish, Lisbon municipality, Lisbon district. Highlight: This apartment offers the rare advantage of a dedicated garage space equipped with an electric vehicle charger, enhancing convenience for eco-conscious residents in Lisbon's urban environment.
The valuation. The asking price of €399,900 exceeds the fair value of €360,487 by €39,413 (10.9%). This indicates the property is overpriced relative to market conditions. Buy-to-flip angle. A resale strategy could focus on enhancing appeal through minor renovations, particularly in the kitchen, allowing for a profitable flip in a strong Lisbon market. Buy-to-let angle. With an estimated gross yield of 3.8%, the rental income strategy targets long-term family rentals, capitalizing on the property’s adequate condition and desirable location near Lisbon’s center.
Fair value modelled at €360,487 from 6 comparable sales in the area. Asking €399,900 sits €39,413 (10.9%) above — overpriced versus fair value.
Asking €399,900 versus the largo José João Farinha Júnior, 1 area baseline of €340,532 (€4,006/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €340,532, adjusted for condition and micro-location, gives a modelled fair value of €360,487 (€4,241/m²), a €39,413 (10.9%) gap versus the €399,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo José João Farinha Júnior, 1 | Subject | €399,900 | €4,705 | — | 70 | 74 |
| rua Francisco Stromp | Active | €520,000 | €4,643 | 1.3% | 72 | 78 |
| largo Calouste Gulbenkian | Active | €300,000 | €4,615 | 1.9% | 72 | 80 |
| rua Alfredo Roque Gameiro | Active | €290,000 | €3,867 | 17.8% | 70 | 78 |
| rua Raúl Brandão | Active | €279,000 | €2,583 | 45.1% | 70 | 73 |
| Median comp | €295,000 | €4,241 | 9.9% | 71 | 78 |
Long-term rental The 2-bed apartment in Carnide, listed at €399,900, is overpriced considering its fair value of €360,487, representing a 10.9% gap. With a gross yield of 3.8%, the current price hinders attractive long-term rental potential. Family rental Due to the lack of competitiveness in pricing, this property may struggle to attract families seeking quality housing in the neighborhood, especially since it is currently listed above its fair market value. Additionally, the conditional rating of 71/100 does not reflect the level of comfort expected by family tenants. Buy-and-hold Investing in this apartment as a buy-and-hold strategy seems less favorable, given its price surpasses its fair value by 10.9%. The yield of 3.8% does not offer sufficient returns to justify the investment at the current pricing level.
Tenant turnover risk The relatively low tenant stability score of 65/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy rates and associated costs.
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